Guy Carpenter
Flood Re secures £1.29bn towards reinsurance target
Munich Re and Swiss Re are the leading reinsurers that have so far contributed to the £1.29bn yearly cover for the Flood Re scheme.
Tianjin explosions could cost up to $3.3bn
The Tianjin explosions have caused potential losses estimated to range from $1.6bn to $3.3bn (£1bn to £2.2bn), according to Guy Carpenter, with the firm adding the Chinese port blasts are "set to become one of Asia's largest manmade loss events."
Flood Re to launch £2.1bn reinsurance procurement
Flood Re is to begin the process to secure £2.1bn of reinsurance cover and is anticipating interest from Bermudian and US companies as well as collateralised reinsurers.
JBA Risk Management selected to model Flood Re risk
Flood modelling specialist JBA Risk Management has been commissioned by Flood Re broker Guy Carpenter to develop a probabilistic loss model for flooding in the UK.
Hurricane season expected to be 'below average' this year
The 2015 Atlantic hurricane season is projected to be below average, although “impactful landfalls” remain a possibility, according to Guy Carpenter & Company.
International: Microinsurance: Starting small
How will the new microinsurance incubator launched by the World Economic Forum impact on lower-income communities, and what are other insurers doing to cater for this group?
Guy Carpenter looks to Willis for analytics head
Matthew Eagle has been appointed international analytics head for Marsh reinsurance arm Guy Carpenter.
Northcourt launches £65.5m capacity nuclear liability facility
Lloyd's managing general agent Northcourt has launched a global nuclear liability insurance facility initially offering up to $100m (£65.5m) of capacity.
MMC CEO Glaser hails 'outstanding performance' of broking arm Marsh
Marsh & McLennan’s risk and insurance services business has reported revenue of $6.9bn (£4.5bn) in 2014, an increase of 5%, or 3% underlying revenue growth.
Market Moves - 29 January 2015
All the latest job moves in the insurance market.
Brokers, insurers and reinsurers unite for microinsurance push
Nine brokers, insurers and reinsurers are combining in an attempt to add scale and reduce distribution costs of microinsurance.
Guy Carpenter named as Flood Re broker
Flood Re has ended its long search for a retrocession broker by recruiting Guy Carpenter, while an chairman appointment is also imminent.
Capsicum looks to Guy Carpenter for partner hire
Guy Carpenter Facultative UK property and energy head Malcolm Payton is to join Capsicum Re as a partner and head of its facultative reinsurance division.
Guy Carpenter boss predicts further shrinkage in reinsurance buying pool
The reinsurance buying pool is likely to continue its ten year reduction, according to Guy Carpenter EMEA operations CEO Nick Frankland, who has called for perspective in relation to falling renewal rates.
Soft reinsurance market fueled by low 2014 cat losses
Declining catastrophe losses in 2014 has been cited as a major factor behind the softening rating environment at the January renewal period, according to global reinsurance broking players.
P&C sector sees largest reserve release since 2007, according to Guy Carpenter
The property and casualty sector recorded in 2013 the largest reserve release of the most recent accident year since 2007, according to research from Guy Carpenter.
Guy Carpenter rolls out new European hail model
Guy Carpenter has launched a probabilistic hail model for Europe.
Reinsurance terrorism market softening, claims Guy Carpenter
The terrorism market for reinsurance is softening, according to a report by Guy Carpenter, which claimed greater capacity and an absence of major terrorist-related losses has led to an increase in competition.
Guy Carpenter appoints head of EMEA & international P&I
Guy Carpenter has appointed Simon Smith as head of international protection and indemnity as well as overseeing the Europe, Middle East and Asia region.
Guy Carpenter appoints de Haas to lead Benelux region
Guy Carpenter has appointed Roelant de Haas as Benelux region chief executive, effective 1 September.
Market pressures driving price decreases at July renewals
Market pressures at 1 July renewals are continuing to drive price decreases across most countries and lines of business, according to Guy Carpenter.
Experts call for caution despite low level hurricane activity prediction
Hurricane activity in the Atlantic basin is projected by seasonal outlook providers to be near or below average for the 2014 season, according to Guy Carpenter’s latest hurricane season briefing.
Industry veteran Skuza to join Guy Carpenter
Guy Carpenter & Company has appointed Boguslaw Skuza as chairman and managing director of its Central and Eastern Europe operation.
Ex-Guy Carpenter boss Flandro joins JLT Towers Re
JLT Towers Re has swooped to make Guy Carpenter’s David Flandro its global head of strategic advisory.