Microinsurance Consortium and Venture Incubator Announces New Name: The Microinsurance Consortium, led by a group of leading companies in the insurance industry, announced a new name for their microinsurance venture incubator (MVI) - Blue Marble Microinsurance. The consortium consists of American International Group, Inc., Aspen Insurance Holdings Limited, Guy Carpenter & Company, LLC together with Marsh & McLennan Companies, Inc., Hamilton Insurance Group, Ltd., Old Mutual plc, Transatlantic Reinsurance Company, XL Catlin, and Zurich Insurance Group.
Cyber-attacks: Mounting Concerns: Here we review recent GC Capital Ideas stories on mounting concerns over cyber-attacks.
Cat Bond Update: Q1 2015 - Issuance Reaches Historic Volume: GC Securities’* briefing, “Catastrophe Bond Update: First Quarter 2015″ is now available.
Chart: Global Property Catastrophe ROL Index 1990 to 2015: The Guy Carpenter Global Property Catastrophe Rate on Line (ROL) index is presented for 1990 through 2015.
Parametric CAT Derivatives to “Build Back Better”: Destruction caused by catastrophes often unfolds due to inadequate construction practices or land use planning. The likely response to these events is to strive to “build back better,” in part by addressing the mistakes of the past. Unfortunately, communities that embrace this challenge often find that they lack the financial resources for it and ambitious reconstruction projects lose momentum.
And, You May Have Missed…
Tropical Storm Bill: Tropical Storm Bill made landfall at about 11:45 CDT (16:45 UTC) on Matagorda Island, Texas, according to the National Hurricane Center (NHC). Maximum sustained winds at landfall were 60 mph according to the NHC. Bill inflicted storm force winds, a storm surge of at least three feet and heavy rainfall to an area still saturated from the excessive rains of last month.
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