Guy Carpenter News
How Fast Will the Reinsurance Market Soften?
A softer reinsurance market will prevail during the Jan. 1 reinsurance renewals. The only question is how much more softening will happen and how fast, leaders of Guy Carpenter said during a recent ...
Reinsurance Renewal Prices Moderate as Capacity Exceeds Cedent Demand: Brokers
Strong returns in the reinsurance sector are attracting capital and leading to favorable pricing outcomes for buyers, but underwriting discipline continues, according to renewal reports from three ...
Global Property Catastrophe Rates-on-Line Down 6.6% During Renewals: Guy Carpenter
Guy Carpenter reports that average global and regional property catastrophe rates-on-line decreased during the January 2025 renewals in amounts ranging from 5.3 percent to 7.2 percent. Guy Carpenter ...
Guy Carpenter to Research Parametric Solutions in California, Florida
Guy Carpenter said it is starting a research project to explore the use of parametric insurance solutions in California and Florida for wildfire and hurricane risks. The effort will focus on the use ...
AccuWeather Raises Helene Total Damage Estimates by $50B; Insured Loss Estimates Not Ready
While inland flooding complicates the picture of still-to-be-determined insured loss estimates from Hurricane Helene, a weather forecasting firm has already delivered a second estimate of total ...
Guy Carpenter: ‘Kitty Cat’ CrowdStrike Outage to Cause $300M-$1B in Insured Losses
Due to the limited amount of impacted companies with insurance and the deployment of a quick fix to mitigate losses, Guy Carpenter said the insured losses from the CrowdStrike outage is likely ...
Elevated Demand, Increased Capacity Drive Reinsurer Profitability in 2024
Global property catastrophe limit purchased increased an estimated $35-$40 billion through H1 2024, with more than 50 percent of increased limit originating in North America across a wide range of ...
Questionable Loss Reserves: Are Legacy Reinsurance Deals the Answer?
Twenty years ago, an insurance carrier's use of reinsurance products like loss portfolio transfers and adverse development covers waved a red flag, signaling potential ...
