Reinsurance News
Guy Carpenter news
News on Guy Carpenter, one of the world’s leading reinsurance brokers and part of the Marsh & McLennan group of companies.
News on Guy Carpenter’s activities in reinsurance and insurance-linked securities markets, as a broker, originator, adviser and structurer of reinsurance risk transfer transactions.
Global property cat reinsurance RoL index up 5.4% at 1.1 2024: Guy Carpenter
9th January 2024
Reinsurance broker Guy Carpenter has reported that at the January 1st, 2024, reinsurance renewal, its Global Property Catastrophe Rate on Line Index (ROL) increased by 5.4% when compared with the prior year. Although this 5.4% increase is a steep decline from the 27.2% rise seen at the Jan 1st, 2023 renewals ... Read the full article
Robust reinsurance capital rebounds 12% in 2023, surpassing $461bn: Guy Carpenter
2nd January 2024
In a notable turnaround, the dedicated reinsurance capital witnessed a robust resurgence in 2023, recovering from the substantial setbacks of the previous year. According to a joint assessment by Guy Carpenter and AM Best, traditional dedicated reinsurance capital surged by 12%, reaching an estimated USD 461 billion, bolstered by strong underwriting ... Read the full article
Responsive reinsurance market emerges at Jan 1 renewals: Guy Carpenter
29th December 2023
In a recent announcement, global risk and reinsurance specialist Guy Carpenter, has highlighted the emergence of a responsive reinsurance market during the January 1st, 2024, reinsurance renewals. This market shift is attributed to ample capacity and a more commercial approach to trading partnerships, all while maintaining a commitment to underwriting rigor. The ... Read the full article
Guy Carpenter names Michael Shemi as North America Structured Credit Leader
7th November 2023
Guy Carpenter, a global risk and reinsurance specialist and a business of Marsh McLennan, has appointed Michael Shemi as the North America Structured Credit Leader, effective immediately. Shemi will be based in New York, reporting to Jeffrey Krohn, who serves as the Global Mortgage and Structured Credit Leader within the organisation. This ... Read the full article
Guy Carpenter predicts stability for trade credit, bond and political risk at Jan 1
24th October 2023
"There is a shared appetite from insurers and reinsurers to grow in specialty lines to dilute volatility in other classes, which should improve market dynamics for trade credit, bond and political risk," according to David Edwards, Co-Head, Credit, Bond and Political Risk Division, Guy Carpenter. Edwards' comments stem from Guy Carpenter's ... Read the full article
Interest in alternative capital is growing driven by challenging market: Guy Carpenter
23rd October 2023
The current market conditions are driving up interest in alternative capital and reinsurance structures to meet clients’ risk requirements, re/insurance specialists highlighted during Guy Carpenter’s Reinsurance Symposium in Baden-Baden. In its symposium, the broker addressed the theme of "The rise in demand for alternative solutions". Senior industry figures from the re/insurance ... Read the full article
Guy Carpenter CEO Klisura expects continued challenges in property cat reinsurance
20th October 2023
In a recent Marsh McLennan third-quarter earnings call, Dean Klisura, President and CEO of reinsurance broker Guy Carpenter, shared insights into the upcoming January 1 renewal period and the prevailing market conditions in the reinsurance industry. "We expect challenging market conditions to persist for property cat at the upcoming January 1 ... Read the full article
MMC CEO Doyle expects “more orderly” Jan 1st reinsurance renewal
19th October 2023
During Marsh McLennan's third-quarter earnings call, President and Chief Executive Officer (CEO), John Doyle, shared valuable insights into the state of the reinsurance market and the expectations for the January 1st renewal. "As we look to January 1st, the market appears to be more orderly than last year, but we expect ... Read the full article
Guy Carpenter revenue up 8% to $359 million in Q3’23
19th October 2023
Guy Carpenter, a global risk and reinsurance specialist and a business of Marsh McLennan, has reported total revenue in Q3 of 2023 of $359 million, marking an increase of 8% on an underlying basis. Marsh McLennan’s wider Risk & Insurance Services revenue was $3.2 billion in Q3 of 2023, an increase ... Read the full article
UK’s Pool Re renews reinsurance broking contract with Guy Carpenter
17th October 2023
Pool Re, the UK Government’s terrorism reinsurance scheme, has reported it successfully renewed its reinsurance broking contract with Guy Carpenter for three years, with an option to run to five. According to the announcement, Guy Carpenter will support Pool Re in returning risk and premium to the private sector, which in ... Read the full article
Guy Carpenter appoints Blake Dimitrijevic as Head of Capital Advisory, Asia Pacific
5th October 2023
Global risk and reinsurance specialist Guy Carpenter, a subsidiary of Marsh McLennan, has appointed Blake Dimitrijevic as the Head of Capital Advisory, Asia Pacific, based out of Hong Kong SAR. Effective immediately, Dimitrijevic will report to Tony Gallagher, CEO of Guy Carpenter Asia Pacific. Gallagher commented on the appointment, “We are delighted ... Read the full article
Cyberattacks on MGM and Caesars send ripples through industries: Guy Carpenter
21st September 2023
The recent cyberattacks on gaming and hospitality giants MGM Resorts International and Caesars Entertainment have sent shockwaves through the cybersecurity and insurance industries. Guy Carpenter's Cyber Center of Excellence has issued a Cyber Event Analysis briefing shedding light on these incidents and their implications. One of the key takeaways from the analysis ... Read the full article
Trade credit, bond, and political risk reinsurance market remains stable: Guy Carpenter
15th September 2023
In a recent market analysis, Guy Carpenter, a leading reinsurance brokerage firm, highlighted key trends in the trade credit, bond, and political risk reinsurance sector. Despite a backdrop of over-supply of reinsurance capacity, the market has maintained relative stability, with no significant price increases noted. One notable trend is the cautious approach ... Read the full article
Aviation reinsurance market faces divergence in pricing trends: Guy Carpenter
14th September 2023
In a recent analysis of the aviation reinsurance market, Guy Carpenter highlights key trends that are shaping the industry. The report sheds light on several noteworthy developments that are influencing insurers and reinsurers alike. Guy Carpenter's analysis reveals a growing disparity between the aviation insurance and reinsurance markets. Notably, there have been ... Read the full article
Non-marine retro market sees shift in focus towards pricing and coverage: Guy Carpenter
13th September 2023
Guy Carpenter, a global risk and reinsurance specialist, highlights the notable transformations and key trends in the non-marine retrocession market as 2024 approaches, shedding light on evolving strategies for buyers. One prominent trend identified in the non-marine retrocession market is the availability of excess capacity at the upper end of programs, ... Read the full article
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