May 4th, 2018

Week’s Top Stories: April 28 - May 4, 2018

Posted at 10:01 AM ET

Guy Carpenter Licenses First-of-its-Kind Cyber Risk Modeling Platform from CyberCube Following Strategic Alliance: Guy Carpenter announced that its two year strategic relationship with CyberCube Analytics, formerly part of Symantec Corporation, has produced the industry’s first cyber risk modeling platform with an inside-out view of cyber risk exposure.

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Guy Carpenter Announces Senior Bermuda Promotion and Hire: Guy Carpenter & Company today announced the promotion of John Fletcher to Chairman of the firm’s Bermuda Operations, with immediate effect.

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Building for Resilience: How to Avoid a Catastrophe Model Failure: Since commercial catastrophe (CAT) models were first introduced in the 1980s, they have evolved as new scientific discoveries and claims insights emerged. Despite the sophisticated nature of each new generation of CAT models, occasionally a model misses a significant loss driver for a particular peril.

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2018 North Atlantic Hurricane Season: Seasonal outlook providers continue to issue early predictions for the 2018 North Atlantic hurricane season. The Weather Company  is expecting a season of near-normal activity. Earlier this month, the Tropical Meteorology Project at Colorado State University, predicted a season more in line with the 1995-2017 elevated average. Meanwhile, North Carolina State University issued a prediction for above-normal activity, relative to the 1995-2017 average.

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Chart: Global Property Catastrophe ROL Index: The Guy Carpenter Global Property Catastrophe Rate on Line (ROL) index is presented for 1990 through 2018.

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And, you may have missed….

Exploring the Excess & Surplus Industry: E&S Market Update and Projections: The excess and surplus (E&S) lines segment of the insurance industry continues to be the essential market for risks for which the standard insurance market typically does not offer coverage. From extremely hazardous conditions to highly unique business operations and unproven new products, these unconventional risks are often complex and challenging. The E&S market’s challenge is to develop products to cover these exposures utilizing its expertise and freedom of rate and form.

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