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Reinsurance News

Guy Carpenter

Shift in risk curve inevitable, mitigation vital: Mowery, Guy Carpenter

11th October 2019

There are things that governments, insurers, reinsurers and policyholders can do to significantly mitigate losses as the risk curve continues to shift, according to Lara Mowery, Head of Global Property Practice at reinsurance broker Guy Carpenter. Speaking during a panel session yesterday at the ILS Bermuda Convergence 2019 conference, Mowery underlined ... Read the full article

Guy Carpenter names Guerriero Interim Head of International Fac

7th October 2019

Reinsurance broker Guy Carpenter has announced the appointment of Frank Guerriero as Interim Head of International Facultative Operations. Guerriero succeeds Paul Summers who has left the firm to pursue other opportunities. In his new role, he will report to Chief Executive Officer (CEO), International, Guy Carpenter, James Nash. Guerriero has been with ... Read the full article

Reinsurers remain “strongly positioned” in shifting risk landscape: Guy Carpenter

2nd October 2019

The reinsurance market remains “strongly positioned” to support insurers even as the risk landscape continues to undergo rapid change, according to a new report from Guy Carpenter, the reinsurance arm of Marsh. Guy Carpenter observed that the risks at the top of re/insurers’ agendas have shifted from largely economic concerns 10 ... Read the full article

Time to challenge the traditional life reinsurance paradigm, says GC’s David Rains

13th September 2019

David Rains, Managing Director at Guy Carpenter (GC), has argued that "the time has come to challenge the traditional life reinsurance paradigm" and elevate solutions for volatility management to the enterprise level. According to Rains, purchasing reinsurance protection at the corporate level could avoid the issue of overpaying for unneeded risk ... Read the full article

Digital success requires both tech partnerships & internal agendas: GC’s Steven Jones

11th September 2019

Success in the increasingly digitalised re/insurance industry will require companies to focus equally on collaboration with insurtech firms and on improving internal transformation agendas, according to Steven Jones, Global InsurTech Client Services Lead at Guy Carpenter. Jones argued that technology in the re/insurance industry is advancing at an ever-increasing pace, with ... Read the full article

Knowledge of wildfire risk vital in developing a proper underwriting strategy: Guy Carpenter

10th September 2019

Losses from wildfire events have increased significantly over the past couple of years, and as a result, it’s important that insurers and reinsurers have solid understanding of the exposure in order to maintain a sound underwriting strategy, says Managing Director, Guy Carpenter, Robert Reader. Underpinned by the devastating impacts of the ... Read the full article

Tech, analytics can address terror, political violence risk challenges: Guy Carpenter

10th September 2019

Guy Carpenter, the reinsurance arm of Marsh, has underlined the important role technology and analytics play in addressing challenges across the terrorism risk landscape. The reinsurance broker argues that terrorism, political violence and other malicious acts are both dynamic and adaptive, with human intent driving profitability while also willing the impacts ... Read the full article

Reinsurers should pursue hybrid approach to alternative capital, says GC’s Kumar

9th September 2019

With alternative capital now representing an increasingly sizeable portion of overall industry capital, reinsurers should be pursuing new hybrid structures and longer-term partnerships with this section of the market. This is according to Shiv Kumar, President of GC Securities, the capital markets and ILS arm of reinsurance broker Guy Carpenter (GC), ... Read the full article

Reinsurance products may require modification under IFRS 17: GC’s Bangeova

9th September 2019

Some traditional reinsurance products are likely to require modification in order to remain effective as capital and volatility management tools under International Financial Reporting Standard (IFRS) 17. This is according to Vasilka Bangeova Managing Director, Strategic Advisory for EMEA at Guy Carpenter (GC), the reinsurance-focused division of broker Marsh. In a new ... Read the full article

Guy Carpenter, CyberCube detail results of cyber cat loss study

8th September 2019

A collaborative effort by global reinsurance brokerage Guy Carpenter and CyberCube analytics has examined the potential financial impact a large-scale cyber attack could have on the standalone cyber insurance market as it exists today. By analysing 23 loss scenarios on CyberCube’s modelling platform, it was determined that a widespread data loss ... Read the full article

David Priebe named Chairman of Guy Carpenter

8th September 2019

Long-standing leader David Priebe has been named as the new Chairman of reinsurance broker Guy Carpenter this morning. Having worked at the brokerage since 1981, Priebe has held a range of leadership positions, most recent as its Vice Chairman. Moving up to Chairman effective immediately, Priebe will continue to report to Guy ... Read the full article

Guy Carpenter secures key reinsurance role in Cali Wildfire Fund

20th August 2019

Global reinsurance brokerage Guy Carpenter has been selected as the sole reinsurance intermediary for the recently-formed California Wildfire Fund, as the state looks to mitigate the risk after two heavy loss years. Together with the fund’s administrator, the California Earthquake Authority (CEA), Guy Carpenter will provide strategic reinsurance and advisory services ... Read the full article

Marsh & McLennan’s revenue up 16% to $4.3 billion in Q2

30th July 2019

Global insurance and reinsurance broker, Marsh & McLennan Companies, Inc. (MMC), has reported consolidated revenue growth of 16% to $4.3 billion and underlying revenue growth of 4% for Q2 2019, which is the first time its results have included JLT, which it acquired for $5.6 billion. Underlying revenue growth of 4% ... Read the full article

“Little evidence” that reinsurance will respond to silent cyber events: GC’s Siobhan O’Brien

20th June 2019

There continues to be “little evidence” that reinsurance programs will respond as planned to a silent cyber event, despite recent regulatory efforts that have aimed to quantify exposure. This is according to Siobhan O’Brien, Head of the Cyber Center of Excellence for International and Global Specialties at Guy Carpenter, who outlined ... Read the full article

Major reinsurance brokers collaborate on distributed ledger technology

15th May 2019

The Reinsurance Solutions arm of Aon, reinsurance broker Guy Carpenter and other industry partners, including RenaissanceRe and Everest Re, have worked with The Institutes RiskStream Collaborative on the use of distributed ledger technology (DLT). According to an announcement, the joint effort targets the delivery of greater efficiency to the placement of ... Read the full article

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