Guy Carpenter Managing Director Kevin Stokes provides a forecast of events leading up to the July 1 renewals for property catastrophe reinsurance. The first quarter loss events will likely not have a major impact on pricing. He also reviews the 2010 Guy Carpenter storm forecast. Click here to view all Guy Carpenter videocasts >> ... Continue Reading »
Property
GC Videocast – Key Issues Around the June 1 Florida Reinsurance Renewals (Kevin Stokes)
Guy Carpenter Managing Director Kevin Stokes reviews key issues and developments around the Florida market for property reinsurance. He offers early predictions of the June 1, 2010 renewal season. Click here to view all Guy Carpenter videocasts >> ... Continue Reading »
GC Videocast – Global Per Risk Excess of Loss Reinsurance Trends (Kevin Stokes)
Guy Carpenter Managing Director Kevin Stokes reviews global capacity and pricing developments in this very individual risk oriented business. View all Guy Carpenter videocasts >> ... Continue Reading »
GC Videocast – Per Risk Property Market Renewals (Kevin Stokes)
Guy Carpenter Managing Director Kevin Stokes looks at the April 1 and mid-year 2010 renewal trends for the per risk property market for reinsurance. ... Continue Reading »
New Videocast Series: The Global (Re)insurance Marketplace 2010: Guy Carpenter’s Experts
Today, GC Capital Ideas begins a series of videocasts delivered by Guy Carpenter & Company, LLC experts covering trends and developments impacting the global (re)insurance marketplace. Over the next several weeks, on a daily basis, you will be able to hear and see our thought leaders offer their views on and interpretations of a wide range of timely issues. The topic ... Continue Reading »
Chart: United States Property Casualty Initial Accident Year Loss Ratios & Subsequent Development
Source: Guy Carpenter; Highline Data Data presenting the ratio of IBNR Reserves to Initial Accident Year Reserves. The trend follows the underwriting cycle. In a soft market, IBNR is not as generous. In a harder market, where premiums are higher and more dollar per unit of risk is being earned, IBNR is more generous. ... Continue Reading »
Update: Explosion and Fire at Offshore Oil Rig, Gulf of Mexico
An explosion and large fire on an oil rig in the Gulf of Mexico left 11 workers missing and 17 others injured on April 20. The blaze on the Deepwater Horizon drilling rig, which broke out around 22:00 local time (03:00 UTC on April 21), sent flames and smoke high into the sky about 40 miles off the coast of Louisiana. Seventeen workers were injured, three critically, and the 11 ... Continue Reading »
Chart: United States National Per Risk Reinsurance Peer Company Review
Source: Guy Carpenter & Company, LLC The property per risk reinsurance market experienced relatively loss free years from 2002-2007 along with high premiums. ... Continue Reading »
Explosion and Fire at Offshore Oil Rig, Gulf of Mexico
An explosion and large fire on an oil rig in the Gulf of Mexico left 11 workers missing and 17 others injured on April 20. The blaze on the Deepwater Horizon drilling rig, which broke out around 22:00 local time (03:00 UTC on April 21), sent flames and smoke high into the sky about 40 miles off the coast of Louisiana. Seventeen workers were injured, three critically, and ... Continue Reading »
Chart: Update on April 1 Reinsurance Renewals, US Property Catastrophe: Market Quoting Behavior, Quotes by Market Segment
Guy Carpenter & Company, LLC has performed further analyses based on the availability of more quoting detail: Against a smaller number of renewal transactions at April 1 we observed the UK becoming more aggressive and the Bermuda market less aggressive in the Gulf region relative to their respective positions at January 1. Across all regions, the UK was the most ... Continue Reading »
