Guy Carpenter
-
A US landfall is not expected, but the storm could hit the Bahamas by Friday. -
EMEA CEO Laurent Rousseau said reinsurance must retain its relevance to investors.
-
Nick Fallon is the latest in a string of retro-broker moves in the market.
-
The trend for private credit in alternative asset management is “set to continue”.
-
Matthew Flynn joins from RenaissanceRe.
-
In the US, the index fell 6.7% year on year.
-
A group of Bermuda staff also left the broker.
-
The Bermuda-based team is led by John Fletcher.
-
The headcount at the start-up now stands at around 40.
-
The catastrophe bond comes after the issuance of a Mayflower Re bond last year.
-
His leadership roles included overseeing the firm’s capital solutions group.
-
The terrorism pool has shifted its programme from facultative to an XoL arrangement.
-
Guy Carpenter said personal lines exposure would account for 85% of the aggregate loss.
-
The broker estimated ILS capital has reached $107bn.
-
Magnani has served for more than 14 years in ILS broking roles.
-
The panelists discussed the ILS reset and the path to maintaining discipline in this sector.
-
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.
-
The broker said it expects strong ILS capital inflows to continue.
-
Sources said Guy Carpenter has promoted Jennifer Paretchan to succeed Mowery.
-
The broker said less than 1% of companies globally with cyber insurance were impacted.
-
The rise is equal to 5%-10% of catastrophe capacity purchased, including cat bonds, depending on region.
-
Two-thirds of Guy Carpenter’s clients bought more coverage in H1.
-
The flattish outcome comes after a larger year-on-year hike in January.
-
Excess capacity rebounded in June 2023 after hitting a decade-low just 12 months earlier.
-
Revenue, country and industry sector drive modelled output divergence.
-
The executive joins the company as it looks to bolster its reinsurance capabilities.
-
European rates on line increased by 7.60%, while in the US prices were up 5.25%.
-
Broker-dealers' year-ahead forecasts have undershot total final issuance in three of the last five years.
-
GC Securities is the sole structuring agent and sole bookrunner on the deal.
-
A strong outlook for sidecar profits in 2023 is rebuilding investor confidence but one to three years of good performance will be needed to sustain it more fully.
-
Lloyd’s CFO Burkhard Keese, speaking at Guy Carpenter’s Baden-Baden Symposium, said there are $500mn-$1bn of London Bridge deals in the pipeline.
-
Top-layer cat risk is attracting additional capacity but reinsurers remain firm on attachment points, the broker said.
-
The broker studied the impact of 14 major cyber events in its attempt to dispel ILS manager fears of a ‘double whammy’ cyber event that would also impact financial markets.
-
The supply-demand dynamics are all pointing in ILS markets’ favour, so long as hurricane season goes quietly.
-
Reinsurance underwriting discipline will not subside even as reinsurers’ willingness to deploy capital increases, the broker said.
