Guy Carpenter
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Reinsurance underwriting discipline will not subside even as reinsurers’ willingness to deploy capital increases, the broker said. -
The reinsurance broker said the losses will fall on the higher end of industry loss ranges.
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Total reinsurance capital will climb to $560bn, ahead of last year but behind the 2021 peak of $570bn.
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Greg McBride joins the firm after nearly 18 months at Mt Logan Re.
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Reinsurers are less worried about their property books compared to last year, and eyeing development of casualty loss costs due to social and macroeconomic inflation.
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Loss-free accounts were generally up 20%-50% at renewal, the reinsurance broker said.
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A Guy Carpenter report recently noted that risk models are converging for the most remote risk levels.
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The broker named Matthew McCabe as MD of cyber broking with a brief to tackle complex cyber issues.
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The structure envisages bringing in philanthropic capital to provide project funding to mitigate disaster risk as part of ILS deals.
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The executive will report to president and CEO Dean Klisura.
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Analysis showed a modelled loss range of between $15.6bn and $33.4bn for a 1:200-year global loss event.
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The cat bond market is thought likely to receive an outsized portion of any capital inflows.
