July 11th, 2014

Week’s Top Stories: July 5 — 11, 2014

Posted at 8:00 AM ET

July 1 Renewals Reveal Continued Double Digit Price Decreases Across Many Lines and Geographies: Guy Carpenter reports that market pressures at July 1 renewals continued to drive price decreases across virtually all geographies and lines of business, many in the double digit range. As loss activity remained minimal, reinsurers added to surplus capacity and additional capital continued to come into the market via alternative sources.

Read the article>>  

 

Chart: Combined Ratio for Guy Carpenter Composite, Q1 2014: Chart presents combined ratio for the Guy Carpenter Global Reinsurance Composite, 2004 through first quarter, 2014.

Read the article>> 

 

2014 Atlantic Hurricane Season Part I: One Never Truly Knows: The risk of a landfalling hurricane is a serious threat for any tropical season, regardless of seasonal outlooks for the Atlantic Basin at large. In fact, sea-surface temperatures (SSTs) along the U.S. coast and northern Caribbean are trending above average, and tropical cyclone development in these areas close to the mainland is cause for concern. Such development depends on short-term weather patterns at the time of occurrence, not on how many hurricanes are expected in the Atlantic basin at large.

Read the article>>  

 

Update: Hurricane Arthur: Hurricane Arthur is the first hurricane to make U.S. landfall since 2012, and the earliest to make North Carolina landfall for any hurricane season since 1908. According to the National Hurricane Center (NHC), Arthur made landfall in North Carolina on July 3 at about 11:15 p.m. EDT (0315 UTC), with maximum sustained winds of 100 mph (161 km/hr).

Read the article>>  

 

Chart: Global Property Catastrophe ROL Index: The Guy Carpenter Global Property Catastrophe Rate on Line index is presented for 1990 through 2014.  The index fell by 11 percent at January 1, 2014.

Read the article>>  

 

And, You May Have Missed… 

Chart: Return On Equity For Guy Carpenter Reinsurance Composite, Q1 2014: Chart presents return on equity for the Guy Carpenter Global Reinsurance Composite, 2004 through first quarter, 2014.

Read the article>>  

 

Click here to register to receive e-mail updates>>

AddThis Feed Button
Bookmark and Share


Related Posts