U.S. Property Cat Reinsurance Rates Up 116% Since 2017: Guy Carpenter

Guy Carpenter on catastrophe rates

Property catastrophe reinsurance rates-on-line slowed their trajectory significant at the January 2024 renewals, but in the United States while the slow-down was a little more severe than some other regions, US property cat reinsurance rates are now a stunning 116% up since 2017.

Guy Carpenter Launches InsurTech Center of Excellence

Guy Carpenter & Company, LLC, a leading global risk and reinsurance specialist and a business of Marsh McLennan, announced today the launch of the Guy Carpenter InsurTech Center of Excellence (COE) to provide comprehensive services to (re)insurance carriers and Managing General Agents (MGAs) powered through modern technology platforms. The InsurTech COE will offer a broad… Continue reading Guy Carpenter Launches InsurTech Center of Excellence

Guy Carpenter Appoints Three New Members to Its Executive Commitee

Guy Carpenter on catastrophe rates

Guy Carpenter & Company, LLC, a leading global risk and reinsurance specialist and a business of Marsh & McLennan Companies, announced today that it has appointed three new members to its Executive Committee in line with its ongoing commitment to deliver differentiated value and experience to its clients. The new members of the Executive Committee… Continue reading Guy Carpenter Appoints Three New Members to Its Executive Commitee

Guy Carpenter Launches New Facultative Operation Hybrid Solutions UK

Guy Carpenter & Company, LLC, a leading global risk and reinsurance specialist and a business of Marsh & McLennan Companies, announced today the launch of Hybrid Solutions UK, a division of GC Fac, and the appointment of Laurence Upton to lead the new operation. The Hybrid Solutions UK team will focus on the development of… Continue reading Guy Carpenter Launches New Facultative Operation Hybrid Solutions UK

Guy Carpenter: COVID-19 Losses for 2020 Could Hit $160 Billion

Microscopic view of Coronavirus, a pathogen that attacks the respiratory tract. Analysis and test, experimentation. Sars. 3d render

Despite the uncertainty and difficulty in predicting the final losses from Covid-19, the event will rank as one of the market’s most expensive events, says Guy Carpenter. In a new report, the reinsurance broker said that the pandemic also holds the “potential to bring unknown loss impacts. It is also likely to be one of… Continue reading Guy Carpenter: COVID-19 Losses for 2020 Could Hit $160 Billion

Guy Carpenter Enters Agreement with Synthetik to Enhance Terrorism Modeling Capabilities

Guy Carpenter & Company, LLC, a leading global risk and reinsurance specialist and a business of Marsh & McLennan Companies, announced that it has entered into an exclusive multi-year agreement with Synthetik to further enhance its proprietary terrorism modeling product, Sunstone®. An applied technology and engineering company, Synthetik specializes in explosive blast and weapons effects… Continue reading Guy Carpenter Enters Agreement with Synthetik to Enhance Terrorism Modeling Capabilities

Viewpoint: Climate Change and Soaring Flood Insurance Premiums Could Trigger Another Mortgage Crisis

When Hurricane Sandy hit in 2012, Thalia Panton watched in disbelief as floodwaters careened down her quiet, tree-lined street in Canarsie, Brooklyn. Sparks flew from downed electrical lines as the rapids rose past her thighs. The water receded as quickly as it appeared. But the damage was done. When the skies cleared, Panton was left… Continue reading Viewpoint: Climate Change and Soaring Flood Insurance Premiums Could Trigger Another Mortgage Crisis