Posts Tagged ‘Asia’



September 3rd, 2015

Port of Tianjin Explosions Set to Become One of Asia’s Largest Insured Man-Made Loss Events: Potential Losses Between USD 1.6 Billion to USD 3.3 Billion

Posted at 11:00 AM ET

Guy Carpenter today released a report on the Port of Tianjin Explosions. The report provides initial loss estimates and outlines the many variables involved in assessing the losses emanating from the two massive initial explosions that occurred at Tianjin Port on August 12 of this year.

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August 9th, 2015

Update: Tropical Depression Soudelor

Posted at 4:33 PM ET

td-soudelor-map1-8-9smTyphoon Soudelor made landfall in Hualien County, Taiwan at about 05:00 CST Saturday (21:00 UTC Friday), with one-minute sustained winds of 120 mph (195 kilometers per hour) according to the Joint Typhoon Warning Center (JTWC). Soudelor brought excessive rainfall and strong winds to Taiwan, causing inland flooding, mudslides and reports of widespread damage.

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August 9th, 2015

Update: Typhoon Soudelor

Posted at 8:50 AM ET

soudelor-8-8smFollowing the 15 UTC update of the Joint Typhoon Warning Center (JTWC) on August 8, Typhoon Soudelor carries one-minute sustained winds of 75 mph (120 kilometers per hour), equivalent to a Category 1 on the Saffir-Simpson Scale. Soudelor has a pressure of 970 millibars according to the Japan Meteorological Agency.

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August 7th, 2015

Update: Typhoon Soudelor

Posted at 9:33 AM ET

update-soudelor-cat-i-8-7sm1Conditions are already deteriorating over Taiwan as Typhoon Soudelor approaches. Soudelor is forecast to make landfall on the Central East coast of Taiwan early Saturday local time. Expected hazards include excessive rainfall and inland flooding, together with significant winds and storm surge. A second landfall in Mainland China is expected to bring heavy rain and wind over a widespread area.

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August 6th, 2015

Update: Typhoon Soudelor

Posted at 3:52 PM ET

cat-i-typoon-soudelor-8-6-15smTyphoon Soudelor is forecast to make landfall on the central east coast of Taiwan late Friday or early Saturday local time. Hazards include excessive rainfall and inland flooding, together with significant winds and storm surge. A second landfall in Mainland China is expected to bring heavy rain and wind over a widespread area.

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August 5th, 2015

Update: Typhoon Soudelor

Posted at 3:11 PM ET

update-8-5-soudelor-smTyphoon Soudelor continues to threaten Taiwan and Mainland China. The summary below follows the 15 UTC advisory of the Joint Typhoon Warning Center (JTWC), and the 15:45 UTC advisory of the Japan Meteorological Agency (JMA).

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August 4th, 2015

Super Typhoon Soudelor – Taiwan/China

Posted at 1:19 PM ET

super-typhoon-soudelor-sm-21Super Typhoon Soudelor continues to threaten Taiwan and China. The summary below follows the 12 UTC advisory of the Joint Typhoon Warning Center (JTWC).

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June 15th, 2015

Microinsurance Consortium and Venture Incubator Announces New Name

Posted at 6:00 AM ET

The Microinsurance Consortium, led by a group of leading companies in the insurance industry, today 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.

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June 10th, 2015

Review – EMEA and Asia Pacific Cat Losses – 2014

Posted at 1:00 AM ET

Here we review insured cat losses for Europe, the Middle East, Africa, Asia and Australasia in 2014. 

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June 9th, 2015

Global Catastrophe Overview – 2014

Posted at 1:00 AM ET

2014 was a quiet year, with significant insured losses totaling around USD33 billion. Insured losses were below the ten-year and five-year moving averages of around USD59 billion and USD56 billion, respectively (see graphs below).

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