August 20th, 2010

Week’s Top Stories: August 14 - 20, 2010

Posted at 1:00 AM ET

Catastrophe Bond Update: Second Quarter 2010 - Activity Surges …Reflecting Favorable Issuance Conditions and Strong Investor Demand*: In the second quarter of 2010, eight catastrophe bond transactions were completed, and USD2.05 billion of risk capital was issued, making it the second most active second quarter on record. USD1.70 billion of this total (and all but one transaction) included exposure to U.S. wind as sponsors and investors focused on this peril, leading into what is expected to be an active North Atlantic hurricane season.

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Oliver Wyman - Financial Times Release Report on Emerging Risk:  Guy Carpenter & Company, LLC sister company Oliver Wyman, and the Financial Times have released a new report entitled: Global Emerging Risks Survey: Steering the Course, Seizing the Opportunity.

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Floods in China: China’s worst seasonal flooding for a decade has left more than 2,100 people dead or missing country-wide and has necessitated the evacuation of a more than 12 million others, according to Chinese government sources. Reports say that to date, the flooding, triggered by unusually severe monsoonal rains, have caused tens of billions of dollars in damage across 28 provinces and regions of China. The current flooding is reported to be the worst experienced in China since 1998, when more than 4000 people died and 18 million people were displaced.

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Guy Carpenter & Company a Media Partner at MicroInsurance Summit 2010, London:  Guy Carpenter & Company, LLC will be collaborating with Hanson Wade to bring together insurance experts from around the world at the Fourth International MicroInsurance Summit 2010 to be held in London on September 29 and 30, 2010. The Summit will focus on the concept of the advancement of sustainable and scalable models of microinsurance.

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Guy Carpenter Asia-Pacific Climate Impact Centre (GCACIC) Updates Its Forecasts for Number of Tropical Cyclones in South China and the Korea-Japan Region:  Earlier in the year, various climate centers predicted that neutral El Nino/Southern Oscillation (ENSO) conditions will prevail during the latter half of this year. The most current forecast models are suggesting that La Nina conditions would very likely occur for the remainder of this year.

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And, you may have missed…

Defining the Value of Risk Management:   How do you put a price on risk management? In the early days of finance theory (1950’s), the value of risk management was questioned-unless, of course, it was costless. The nuances of a more complex business environment have rendered this position untenable, but we still struggle to quantify the benefits of risk management, especially in the (re)insurance industry. Thus, the fundamental activity of risk-bearers has not been measurable, leaving a cloud of ambiguity in the middle of every carrier’s operation.

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*Securities or investments, as applicable, are offered in the United States through GC Securities, a division of MMC Securities Corp., a US registered broker-dealer and member FINRA/SIPC. Main Office: 1166 Avenue of the Americas, New York, NY 10036. Phone: (212) 345-5000. Securities or investments, as applicable, are offered in the European Union by GC Securities, a division of MMC Securities (Europe) Ltd., which is authorized and regulated by the Financial Services Authority. Reinsurance products are placed through qualified affiliates of Guy Carpenter & Company, LLC. MMC Securities Corp., MMC Securities (Europe) Ltd. and Guy Carpenter & Company, LLC are affiliates owned by Marsh & McLennan Companies, Inc. This communication is not intended as an offer to sell or a solicitation of any offer to buy any security, financial instrument, reinsurance or insurance product.

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