Guy Carpenter

Loss-free accounts were generally up 20%-50% at renewal, the reinsurance broker said.

The broker used three major cyber models to analyse the drivers of model variability, with revenue coming top as the most prominent driver of loss variability.

The broker is in hiring mode following a raid on European staff by Howden Tiger.

Three key reports have unearthed issues around capital and lower return period loss figures that may need to be addressed for the cyber market’s maturation, as a pivotal 1 July renewal date approaches.

The broker named Matthew McCabe as MD of cyber broking with a brief to tackle complex cyber issues.

The Big Three reinsurance brokers face a number of factors that could challenge their supremacy.

The structure envisages bringing in philanthropic capital to provide project funding to mitigate disaster risk as part of ILS deals.

The executive will report to president and CEO Dean Klisura.

Analysis showed a modelled loss range of between $15.6bn and $33.4bn for a 1:200-year global loss event.

Re Solution CEO Asaf Grinstein will become CEO of Guy Carpenter Israel.

Based in Stamford, Connecticut, the executive will oversee the carrier’s cyber fac and treaty operations reporting to NA CEO Brian Quinn.

Lisa Ljunggren has been appointed as head of analytics, Nordics, joining from SiriusPoint