Guy Carpenter
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Francine has been the eighth Category 2 or larger storm to make landfall in Louisiana since 2000. -
Demand for peak peril retro increased significantly in Q2 2024.
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The broker said it expects strong ILS capital inflows to continue.
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Sources said Guy Carpenter has promoted Jennifer Paretchan to succeed Mowery.
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The broker said less than 1% of companies globally with cyber insurance were impacted.
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The rise is equal to 5%-10% of catastrophe capacity purchased, including cat bonds, depending on region.
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Two-thirds of Guy Carpenter’s clients bought more coverage in H1.
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The flattish outcome comes after a larger year-on-year hike in January.
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Excess capacity rebounded in June 2023 after hitting a decade-low just 12 months earlier.
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Revenue, country and industry sector drive modelled output divergence.
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The executive joins the company as it looks to bolster its reinsurance capabilities.
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European rates on line increased by 7.60%, while in the US prices were up 5.25%.
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