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Guy Carpenter broke down the typical insurance rate drops — or in the case of Marine & Energy and Credit, Bond & Political Risk, rate increases — companies are seeing so far in 2011. Insurance buyers should enjoy the reduced premiums now — because the soft market won’t last forever. Despite the declines, “2010 will [...]
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We heard it in January — reinsurance rates across most lines of the property/casualty business around the world was declining, and according to Guy Carpenter & Company, that decline is continuing. In the report, “April 1 Reinsurance Renewals: Rates Lower; Returns Under Pressure,” the risk and reinsurance company covers regional developments as well as key [...]
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This came to my inbox Friday and I found it entertaining and insightful. Written by Donald Mango, chief actuary at Guy Carpenter, this fun read explores the risk management lessons from the recent winter Olympics. We were all thrilled with the spectacle of the just-completed 2010 Olympic Winter Games from Vancouver. Winter sports are known [...]
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The catastrophe bond market saw a very slow recovery (if we can call it that) in the beginning of this year, with the number of bonds issued down 33% year over year. But the fourth quarter is looking much more promising, according to a report from Guy Carpenter. The report, “Cat Bond Update: Third Quarter [...]
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