GCCapitalIdeas.com

Get the Most Out of Cat Models, Part I: Manage the Unknown

GC Editor — Mon, 06 Jul 2009 05:15:13 +0000

John Tedeschi, ACAS, MAAA, Managing Director and Chief of Catastrophe Modeling Contact Insurer and reinsurer reliance on catastrophe models has become part of the fabric of risk management. Though...

Continue reading...

7/1 European Casualty Renewals

GC Editor — Mon, 06 Jul 2009 05:01:48 +0000

George Carrington, Managing Director and Head of European Casualty Specialty Contact The July renewal does not affect a large number of cedents in Europe, but the programs that did renew suggest a...

Continue reading...

Global Terror Update: France

GC Editor — Mon, 06 Jul 2009 05:00:28 +0000

GAREAT Large Risk Scheme (Limit above EUR6 million) Following the tragic events of September 11, 2001 in the United States, the reinsurance community adopted a much tougher line with regard to these...

Continue reading...

Recent Articles from the Global Terror Update

GC Editor — Sat, 04 Jul 2009 05:00:58 +0000

Global Terror Update >> (Monday, June 22, 2009) Introduction >> (Tuesday, June 23, 2009) United States >> (Wednesday, June 24, 2009) Canada >> (Thursday, June 25,...

Continue reading...

Week’s Top Stories: June 27 - July 3, 2009

GC Editor — Fri, 03 Jul 2009 05:00:43 +0000

Prop-Cat Reinsurance Rate Increases Steady at July 1 Renewal: Property-catastrophe reinsurance rate increases were steady at the July 1, 2009 renewal. In the United States and Latin America, capacity...

Continue reading...

Global Terror Update: Finland

GC Editor — Thu, 02 Jul 2009 05:00:13 +0000

All Finnish insurance companies, except Pohjola and If, participate in the Finnish Terrorism Pool. The pool is intended as a last resort in the event of a major terrorism loss in Finland, and...

Continue reading...

Prop-Cat Reinsurance Rate Increases Steady at July 1 Renewal

GC Editor — Wed, 01 Jul 2009 05:00:59 +0000

Global Property Specialty and Business Intelligence Unit Contact Property-catastrophe reinsurance rate increases were steady at the July 1, 2009 renewal. In the United States and Latin America,...

Continue reading...

Chart: 7/1 U.S. National Risk-Adjusted Pricing

GC Editor — Wed, 01 Jul 2009 04:59:50 +0000

Upward pressures on U.S. property-catastrophe reinsurance rates were steady at the July 1, 2009 renewal, as capacity in the market was sufficient without being abundant. This continues a trend seen...

Continue reading...

Chart: 7/1 U.S. National Market Quoting Behavior

GC Editor — Wed, 01 Jul 2009 04:58:06 +0000

For programs in the Northeast, FOTs for both higher and lower layers were up between 5 percent and 10 percent year-over-year. FOTs were equal to the minimum quote, 92 percent of average and only 79...

Continue reading...

Chart: Latin America Cat XOL Renewal Rates

GC Editor — Wed, 01 Jul 2009 04:57:59 +0000

Mexico, the region’s largest market, sustained price increases (based on our analysis to date) of 2.5 percent to 10 percent, on average, for earthquake and windstorm catastrophe excess of loss...

Continue reading...