Daily Insurance Industry News
Daily Insurance Industry News
Wednesday 21st of November 2018
March 13, 2011

Guy Carpenter appointed CCRIF placing broker

by Gill Montia

Story link: Guy Carpenter appointed CCRIF placing broker

Guy Carpenter has been selected as the new placing broker for the Caribbean Catastrophe Risk Insurance Facility (CCRIF).

CCRIF is a risk-pooling facility for 16 Caribbean governments, designed to limit the financial impact of catastrophic hurricanes and earthquakes, and the broker is already engaged in preparations for the 1st June renewal of its reinsurance programme.

Commenting on the appointment, the firm’s chief executive officer Latin America and Caribbean operations, Aidan Pope, says: “We look forward to exploring options with the existing reinsurer panel and expanding strategic opportunities with all markets, as well as examining other risk-related projects through GC MicroRisk and our agricultural specialists in the region.”

Guy Carpenter has also recently published a special report entitled “Succeeding under Solvency II – Pillar One: Capital Requirements”.

The paper, which is the first in a series, addresses the quantification of capital requirements for re/insurers in the European marketplace, examining the process of transitioning to Solvency II and the impact on re/insurers, from niche players to large global companies.


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