Publikationen sind eine weitere Form, in der wir den Kunden unsere Underwriting-Erfahrung nutzbar machen. Das umfangreiche Wissen der Gen Re zu verschiedenen Themen und Fragen in Sachen Versicherung und Rückversicherung steht unseren Kunden weltweit in mehreren Sprachen zur Verfügung. Unser Ziel ist es, Ihnen aktuelle, von unseren Fachleuten zusammengestellte Informationen zu Themen zu bieten, die für Sie wichtig sind. Angefangen von Bergbaurisiken über nicht versicherte Kraftfahrer bis hin zu Pflegeheimen halten wir uns bei allen Entwicklungen in Zusammenhang mit den von Ihnen versicherten Risiken stets auf dem Laufenden. Unsere Publikationen sind eine weitere Möglichkeit, mit der wir diese Informationen mit Ihnen austauschen.
Wenn Sie sich für ein bestimmtes Thema interessieren, können Sie unsere einschlägigen Publikationen mit Hilfe der nachstehenden Suchfunktionen durchsuchen. Falls Sie über ein bestimmtes Thema mit uns sprechen oder Publikationen anfordern wollen, rufen Sie einfach das nächste Büro der Gen Re oder Ihren Kundenbetreuer an. Natürlich können Sie auch eine E-Mail an schicken. Viele unserer Publikationen stehen auch als PDF-Dateien zum Download zur Verfügung, ebenso wie in gedruckter Form.
Falls Sie in unseren Publikationen keine Informationen zu einem aktuellen Thema finden, sagen Sie uns Bescheid. Die Chancen sind hoch, dass wir uns gerade mit dem betreffenden Thema befassen.
Ausgabe: Juli, 2003Sprache: English
Autor:
Jim Bachman
Zusammenfassung: Newly proposed accounting rules regarding "Other than Temporary Impairments" are subject to some degree of interpretation. These might lead to unintended consequences for many companies.
Ausgabe: August, 2003Sprache: English
Autor:
Jim Bachman
Zusammenfassung: Credit quality of insurers corporate bond holdings worsened in 2002. Downgrades to below investment grade spiked sharply and there is scant evidence to indicate opportunistic 4th quarter buying. Yet, wide differences among individual company results suggests that managing exposure to credit risk is very achievable.
Ausgabe: August, 2004Sprache: English
Autor:
Jim Bachman
Zusammenfassung: This article introduces the notion of risk-adjusted income returns for insurers' fixed income security holdings and portfolios. Also displayed are many of the standard prior categorizations of insurers' holdings and investment results.
Ausgabe: Dezember, 2005Sprache: English
Autor:
Jim Bachman
Zusammenfassung: This article discusses the investment portfolio composition of annuity writers and ordinary life insurers. There is also a comparison of the risk-adjusted returns of the P&C insurers versus life insurers.
Ausgabe: November, 2005Sprache: English
Autor:
Jim Bachman
Zusammenfassung: This article addresses property/casualty insurers' 2004 investment results. The first section comments upon fixed income portfolio duration management and risk-adjusted returns. The second and third sections update many of the prior year's charts and tables for fixed income and equity holdings, respectively. The fourth section provides a quick summary.
Ausgabe: September, 2001Sprache: English
Autor:
Jim Bachman
Zusammenfassung: **Available as PDF only. Hard copies no longer available.** September 2001 Issue No. 11 - This issue provides a fifty year review examining long(er) term trends in the industry's profit margins and leverage.
Ausgabe: November, 2000Sprache: English
Autor:
Jim Bachman
Zusammenfassung: **Available as PDF only. Hard copies no longer available.** Codification - A Big Event or just a Whimper?
Ausgabe: Januar, 2005Sprache: English
Autor:
Jim Bachman
Zusammenfassung: GR-NEAM has collaborated with Merrill Lynch & Company, Inc. to develop a new series of fixed income performance indices. Their purpose is to create greater clarity of insurers¿ investment objectives, improve alignment of investment manager and insurer goals and thereby enhance long-term after-tax risk adjusted total return investment performance.
Ausgabe: Mai, 2005Sprache: English
Autor:
Jim Bachman
Zusammenfassung: Enterprise Based Investment Benchmarks(sm) (EBIB) leverages Merrill Lynch's BookMark(sm) capabilities to provide pre-tax and after-tax total returns and book income returns reflecting portfolio contributions and withdrawals and gain/loss constraints.
Ausgabe: Januar, 2004Sprache: English
Autor:
Jim Bachman
Zusammenfassung: Increasingly, investment professionals recognize the pitfalls of traditional investment management benchmarks conventionally applied to insurance company asset management. In this article, we introduce EBIB Enterprise Based Investment Benchmarks™, which reflect individual insurer's business dynamics and multiple success drivers in conjunction with the entire spectrum of insurer eligible capital market opportunities.
Ausgabe: Februar, 2004Sprache: English
Autor:
Jim Bachman
Zusammenfassung: This is the first of four articles addressing equity investments by property/casualty insurance companies as of 2002. This article profiles equity ownership and the attributes of the holdings. General ReView, published by General Re-New England Asset Management,Inc., (GR-NEAM) provides review and comment on current investment and capital management subjects impacting the insurance industry.
Ausgabe: Mai, 2004Sprache: English
Autor:
Jim Bachman
Zusammenfassung: This is the second of four articles addressing equity investments by property/casualty insurance companies as of 2003. This article presents an enterprise risk framework as a means to determine an appropriate range of equity allocation. General ReView, published by General Re-New England Asset Management,Inc., (GR-NEAM) provides review and comment on current investment and capital management subjects impacting the insurance industry.
Ausgabe: November, 2002Sprache: English
Autor:
Jim Bachman
Zusammenfassung: **Available as PDF only. Hard copies no longer available.** Managing the Challenges Ahead - Last year was a difficult year for insurers' investment results. This article addresses the challenges of achieving investment objectives in an increasingly difficult environment.
Ausgabe: Juni, 2003Sprache: English
Autor:
Jim Bachman
Zusammenfassung: This issue examines results and trends in recent fixed-income performance of the life/health industry. It finds an overall decrease in yields and a decline in portfolio credit quality. It also reviews industry diversification levels and highlights the key factors of portfolio diversification.
Ausgabe: Oktober, 2002Sprache: English
Autor:
Jim Bachman
Zusammenfassung: **Available as PDF only. Hard copies no longer available.** This issue examines results and trends in recent fixed-income performance of the life/health industry. It notes an overall decrease in yields and a decline in portfolio credit quality. It also highlights the tension between the drive for portfolio yield and the risk consequences involved.
Ausgabe: November, 2002Sprache: English
Autor:
Jim Bachman
Zusammenfassung: **Available as PDF only. Hard copies no longer available.** This article is an update focusing upon investment results for 2001 of Medical Specialty Providers and the entirety of the Property/Casualty industry.
Ausgabe: Oktober, 2001Sprache: English
Autor:
Jim Bachman
Zusammenfassung: **Available as PDF only. Hard copies no longer available.** October 2001 Issue No. 12 - A basic framework to enable companies to examine alternative strategies to improve after-tax returns and their impact upon leverage and financial solidity.
Ausgabe: März, 2003Sprache: English
Autor:
Jim Bachman
Zusammenfassung: Conventional fixed income performance benchmarking relies upon measures and standards which are most often not relevant to insurance companies, and in fact, might lead to behavior which lessens insurers' income and surplus accumulation over the long-term. Awareness of this circumstance is the first step to developing benchmarks which more accurately reflect the unique needs of insurers.
Ausgabe: November, 2004Sprache: English
Autor:
Jim Bachman
Zusammenfassung: The notion of partitioning property/casualty portfolios into three components: liquidity, reserve and capital is quite old. However, partitioning has the implicit underlying assumption that the correlation among the funds¿ assets and between the insurer¿s underwriting margins and asset class returns is nil.
Ausgabe: Mai, 2003Sprache: English
Autor:
Jim Bachman
Zusammenfassung: Selecting duration targets can be as complicated as it is important and we believe material opportunities do exist to improve performance by revising duration targets.
Ausgabe: Oktober, 2003Sprache: English
Autor:
Jim Bachman
Zusammenfassung: This issue addresses domestic property/casualty companies' recent investment results through 2002. As before, the intention is that this review might be useful to insurers to gauge their results and plan ongoing investment strategies in an increasingly difficult investment environment.
Ausgabe: Oktober, 2001Sprache: English
Autor:
Jim Bachman
Zusammenfassung: **Available as PDF only. Hard copies no longer available.** General ReView, published by General Re-New England Asset Management,Inc., (GR-NEAM) provides review and comment on current investment and capital management subjects impacting the insurance industry. This issue highlights reinsurance as a means to improve individual company after-tax return on equity while at the same time enhancing financial solidity.
Ausgabe: Juli, 1999Sprache: English
Autor:
Jim Bachman
Zusammenfassung: **Available as PDF only. Hard copies no longer available.** Total Return Myth - This newsletter focuses upon the value of realized capital gains.
Ausgabe: Oktober, 2000Sprache: English
Autor:
Jim Bachman
Zusammenfassung: **Available as PDF only. Hard copies no longer available.** This article provides two updates to prior editions. First we summarize the realized fixed income gains of the property/casualty industry in 1999; and second, we identify the yield pick-up required to recapture surplus lost to realized bond gains.
Ausgabe: Juli, 1999Sprache: English
Autor:
Jim Bachman
Zusammenfassung: **Available as PDF only. Hard copies no longer available.** Total Return Myth-Revisited - This newsletter highlights 1998 realized capital gains.
Ausgabe: September, 2001Sprache: English
Autor:
Jim Bachman
Zusammenfassung: **Available as PDF only. Hard copies no longer available.** This issue provides an update to the financial consequences of realizing capital gains within the property/casualty industry by asset class.
Ausgabe: September, 1999Sprache: English
Autor:
Jim Bachman
Zusammenfassung: **Available as PDF only. Hard copies no longer available.** Turnover and Taxes - This newsletter focuses upon turnover due only to investment considerations.
Ausgabe: März, 2000Sprache: English
Autor:
Jim Bachman
Zusammenfassung: **Available as PDF only. Hard copies no longer available.** This issue covers the causes of variations in statutory taxes.
Ausgabe: November, 2007Sprache: English
Autor:
Jim Bachman
Zusammenfassung: Individual company asset allocations, investment yields and their associated risks continue to show wide deviations from industry averages . These differences often reflect operational needs and might be the consequence of affiliation with multi-line/global operations rather than domestic property/casualty company risk capacity.
Ausgabe: Dezember, 2007Sprache: English
Autor:
Jim Bachman
Zusammenfassung: Our focus for this publication is on recent fixed-income portfolio yields and risk metrics of Life insurers. We examine these in the context of Life insurers product emphasis.
Ausgabe: Juli, 2008Sprache: English
Autor:
Jim Bachman
Zusammenfassung: "Value-at-Risk" (VAR) has been universally accepted as one metric of investment portfolio risk. In this General ReView, while caveating VAR's limitations, we present its application to property/casualty companies' 2006 and 2007 year-end investment portfolio holdings highlighting return/risk results among companies.
Ausgabe: August, 2007Sprache: English
Autor:
Jim Bachman
Zusammenfassung: It is common belief that asset returns and insurance product line margins are not normally distributed nor can their inter-relationships be characterized only by their correlations.
Ausgabe: März, 2008Sprache: English
Autor:
Jim Bachman
Zusammenfassung: Fixed income securities most often represent 80% or more of insurers' investments and provide a significant share of operating earnings. Unfortunately, the data needed to assess accurately returns and risk is very difficult to obtain. As a consequence, most performance comparatives and peer reviews can become misleading.
Ausgabe: Dezember, 2009Sprache: English
Autor:
Jim Bachman
Zusammenfassung: Despite the tumult of the 2008 capital markets, most insurers' investments were not so severely impacted. The greatest sources of losses were equity holdings, a large portion due to affiliated company valuations. Fixed income write-downs, in particular as a percent of assets, were quite small. Of greater interest is mortality and annuity companies' fixed income durations continue to trail those of non-life companies.
Ausgabe: Dezember, 2008Sprache: English
Autor:
Jim Bachman
Zusammenfassung: Fundamentally, we believe that investment risk cannot be viewed independently of product risk, but rather that an enterprise-wide approach must be taken.
Ausgabe: Mai, 2000Sprache: English
Autor:
Jim Bachman
Zusammenfassung: Asset Allocation - This newsletter discusses asset allocation and questions how significant is the impact of asset allocation upon an insurance company's goal of maximizing return on equity and is there a significant difference in asset allocation targets for large companies versus small companies, stocks versus mutuals, or highly rated versus less highly rated companies.
Ausgabe: September, 2000Sprache: 简体
Autoren:
Stephen Beker,
Thomas Hulst,
Traci Lilly,
Robert Pokorski,
Jim Bachman,
John Campbell,
Joseph Wallen
Zusammenfassung: 由于保险人的资本管理需要进一步扩张，再保险业务也就显得尤其重要。
As insurers' capital management needs continue to expand, there is growing interest in using reinsurance to satisfy these needs.
Ausgabe: September, 2000Sprache: English
Autoren:
Stephen Beker,
Thomas Hulst,
Traci Lilly,
Robert Pokorski,
Jim Bachman,
John Campbell,
Joseph Wallen
Zusammenfassung: As insurers' capital management needs continue to expand, there is growing interest in using reinsurance to satisfy these needs.
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