Guy Carpenter - Monte Carlo Articles 2006

Media Center - Guy Carpenter

Guy Carpenter Experts Comment on Market Issues at Monte Carlo Rendez-Vous

Representatives from companies involved in the insurance and reinsurance industries recently met in Monte Carlo to attend the 2006 Rendez-Vous de Septembre. Four articles appear below that were published in Reactions magazine's Rendez-Vous Reporter daily editions.

Date

Article

September 2006

Katrina Drives Up World Cat ROL, Capacity Holds Strong

Despite record losses in Katrina's wake and concerns that rising sea surface temperatures in the North Atlantic are increasing storm activity, the market reacted in a highly discerning manner and distinguished between areas where there was clear evidence of increased risk and areas where perceived risks remained relatively stable. Geoff Bromley, Chairman, Asia and Europe, elaborates.

September 2006

Solvency II Expected to Spur Convergence in Financial Services

The new Solvency II regulations rely on the development of a better understanding and management of risk, which will likely lead to advances in the use of capital instruments to support risk transfer and propel more convergence between major sectors of the financial services industry. Michael Handler, Managing Director, elaborates.

September 2006

The Capital Management Challenge

David Priebe, Head of Global Specialty Operations and CEO of Guy Carpenter's UK and Continental European Operations, discusses how the record losses in 2005 led to model revisions, new rating agency methodologies and the need to efficiently manage and find capital in a changing environment.

September 2006

A Lesson from ERM: Moving from Budgeting to Scenario Analysis

David Spiller, President and CEO, discusses how "scenario analysis" can help companies determine the most effective decision-making approach to managing risk.