Ransomware has progressively become a loss trend across the cyber industry, with pricing strategies being recalibrated to account for this growing risk. Guy Carpenter is working closely with our clients to share updates on the threat landscape, deliver cyber industry insights, construct relevant modeling scenarios, and design reinsurance placements to protect these portfolios. ... Continue Reading »
Property
Guy Carpenter Announces Two Senior Appointments at GC Access
Guy Carpenter announced the appointments of Matt Petka as Managing Director and Riley Underwood as Senior Vice President within its GC Access business unit, with immediate effect. GC Access provides dedicated MGA program business solutions. The unit offers a range of services to carriers and MGAs operating in the dynamic program market, including carrier and reinsurance ... Continue Reading »
Going Beyond Investments — The Role of Commercial Underwriting in the Climate Transition
The financial services industry is an accelerator in the transition to net-zero targets, for example, with the focus on the investment portfolios of institutional investors and bank lending. Progress includes the 95 percent European bank lending having a net-zero ambition aligned with the Paris Agreement. Some 70 percent of European traded equity is managed by asset managers ... Continue Reading »
Guy Carpenter Announces Senior Non-Marine Specialty Appointments
Guy Carpenter announced the appointments of James Johns as Managing Director, effective August 12, 2021, and Joshua O’Donoghue as Senior Vice President, effective November 8, 2021, within its Non-Marine Specialty division. ... Continue Reading »
Get Ready For the Post-Pandemic Health Care Talent Revolution
The adoption of remote work in the health care industry had trailed other industries. Now, as some health care companies begin bouncing back after going fully remote in response to the pandemic, they’re becoming more employee-centric regarding work location and improving employee experience, according to Jim Fields, Partner of Health and Life Services at Oliver Wyman, and ... Continue Reading »
Video: Dean Klisura, President, Guy Carpenter, On the Reinsurance Landscape
Guy Carpenter President, Dean Klisura, speaks with The Insurer on a wide-ranging set of topics that include the Changing Nature of Risk, the COVID-19 excess of loss claims arena, broker consolidation and race for talent, public-private structures for systemic cyber, future pandemic (re)insurance solutions and the insurance-linked securities renaissance. ... Continue Reading »
Community-Based Catastrophe Insurance: A Model for Closing the Disaster Protection Gap
A new report from Guy Carpenter, Marsh & McLennan Advantage, and the Wharton Risk Management and Decision Processes Center, Community-Based Catastrophe Insurance: A Model for Closing the Disaster Protection Gap, sets out an innovative model to deliver insurance and help communities close the disaster protection gap. ... Continue Reading »
Sunk Costs: The Socioeconomic Impacts of Flooding
Flooding is the most pervasive natural disaster in the world. Since 1980, floods have killed over 250,000 people and caused over USD 1 trillion in damage, accounting for about 40 percent of natural catastrophe losses. Risks are increasing due to climate change and the growth of populations and economic activity in flood prone areas. This has implications for prosperity and ... Continue Reading »
Video: Peter Hearn: Navigating the Changing Nature of Risk – Opportunities and Reinsurance Support
Peter Hearn, CEO, Guy Carpenter, talks to Asia Insurance Review about the impact the changing risk landscape will have on the insurance industry – how the industry should respond to these changes – and how reinsurance can support these new opportunities. Reinsurance supports insurance carriers in many dimensions – it is a flexible capital tool, it supports growth, and it ... Continue Reading »
Video: UK Climate Stress Test a Sign of Increasing Scrutiny of Insurer Climate Risk
Jessica Turner, Ph.D., Managing Director, Catastrophe Advisory, Guy Carpenter, speaks with The Insurer about the Bank of England’s climate stress test. It is a sign that central banks and international regulators are looking to “ramp up” oversight of insurer climate risk. ... Continue Reading »
