GC Securities News

Investors in Insurance-Linked Securities Seek to Avoid Exposure to Secondary Perils

Investors in insurance-linked securities are leaning toward structured catastrophe bonds rather than broader ILS instruments to steer away from unexpected losses from secondary perils. At the same time, catastrophe bond investors are accepting lower yields than they did two years …

Specialty MGAs Continue to be Popular Acquisition Targets

With growth prospects becoming rarer in the continuing competitive insurance market, carriers are among three sets of buyers fueling a hot M&A environment for specialized managing general agencies, representatives of GC Securities said Sunday. In a blog item on Guy …

2015 Cat Bond Activity Down Slightly from Record Levels in 2014: GC Securities

While property and casualty catastrophe bond primary issuance levels were “uncharacteristically low” in the fourth quarter of 2015, totals at year-end were only slightly lower than the all-time high levels reported in 2014, according to GC Securities, a division of …

Amtrak Sponsors $275M Cat Bond for Northeast Storm Surge, Wind, Quake

Amtrak is getting $275 million of reinsurance protection from the capital markets for its wholly owned captive, covering storm surge, wind and earthquake perils, according to GC Securities. GC Securities, the capital markets arm of reinsurance broker Guy Carpenter, announced …

GC Securities Places $30 Million World Bank Cat Bond for CCRIF

GC Securities, a division of MMC Securities Corp., a U.S. registered broker-dealer and member FINRA/NFA/SIPC, announced the placement of Floating Rate CCRIF Catastrophe-Linked Capital at Risk Notes, with notional principal of $30,000,000, issued by the International Bank for Reconstruction and …