Guy Carpenter

The flattish outcome comes after a larger year-on-year hike in January.

Excess capacity rebounded in June 2023 after hitting a decade-low just 12 months earlier.

Revenue, country and industry sector drive modelled output divergence.

The executive joins the company as it looks to bolster its reinsurance capabilities.

European rates on line increased by 7.60%, while in the US prices were up 5.25%.

Broker-dealers' year-ahead forecasts have undershot total final issuance in three of the last five years.

GC Securities is the sole structuring agent and sole bookrunner on the deal.

A strong outlook for sidecar profits in 2023 is rebuilding investor confidence but one to three years of good performance will be needed to sustain it more fully.

Lloyd’s CFO Burkhard Keese, speaking at Guy Carpenter’s Baden-Baden Symposium, said there are $500mn-$1bn of London Bridge deals in the pipeline.

Top-layer cat risk is attracting additional capacity but reinsurers remain firm on attachment points, the broker said.

The broker studied the impact of 14 major cyber events in its attempt to dispel ILS manager fears of a ‘double whammy’ cyber event that would also impact financial markets.

The supply-demand dynamics are all pointing in ILS markets’ favour, so long as hurricane season goes quietly.