David Priebe News

COVID-19 Crisis Renews Attention on Systemic (Uninsurable) Risks

Reinsurers and insurers for years have been worried about systemic risks – those uninsurable risks with the potential of surpassing the capital of the industry. The COVID-19 crisis has renewed attention on these risks, which could also include a global …

Reinsurance Demand Rises, Along with Flight to Quality, Say Industry Experts

Not only has reinsurance buying increased, but there also has been a flight to quality reinsurers by ceding insurance companies, according to several reinsurers and brokers in recent webinars held in lieu of what would have been the reinsurance Rendez-Vous …

Reinsurers Enter January Renewals, Focusing on Underwriting Discipline: Carpenter, Aon

Economic uncertainty and volatility, in combination with COVID-19-related losses, is leading to a heightened level of cautiousness among property reinsurers unless pricing and terms and conditions meet specific thresholds, according to Lara Mowery, global head of distribution, Guy Carpenter. For …

January 2020 Reinsurance Renewals Varied Significantly, Brokers Say

The January 2020 reinsurance renewals saw significant variation in pricing and capacity depending on geography, line of business, cedents’ loss record and client relationships, according to two reports published by brokers Guy Carpenter and Willis Re. Indeed, the market demonstrated …

Guy Carpenter Names Priebe as Chairman

Guy Carpenter & Co., LLC, the global risk and reinsurance specialist and a wholly owned subsidiary of Marsh & McLennan Cos., announced that David Priebe has been appointed to the role of chairman, effective immediately. Priebe will continue to report …

Guy Carpenter Forms New Division, Makes Post-JLT Merger Leadership Appointments

Reinsurance broker Guy Carpenter & Co. announced the formation of a new Global Capital Solutions Group as well as a series of leadership appointments that will become effective upon the closing of the acquisition of Jardine Lloyd Thompson Group plc. …

Jan. 1 Renewals Saw ‘Muted Impact’ from 2018’s Catastrophes: Guy Carpenter

The overall impact of catastrophe losses on property rates was muted at the Jan. 1, 2019 reinsurance renewals, but the fourth highest annual catastrophe loss year on record did create questions over pricing adequacy, underwriting strategy and the amount of …

Capital Stabilizes, Prices Keep Softening During Jan. 1 Renewals: Guy Carpenter

Reinsurance capital levels stabilized during the Jan. 1, 2016 renewals – showing no growth for the first time in several years – and prices continued to soften, according to Guy Carpenter & Co.’s global January renewal report. The scarcity of …

Guy Carpenter Execs Discuss Reinsurance Trends at Rendez-Vous Panel

Challenging market conditions due to abundant capacity, the ongoing influx of new capital and limited loss experience, continue to put pressure on the reinsurance sector, while recent M&A activity is adding a new dynamic to the mix. These were the …