Posts Tagged ‘Catastrophe’



May 26th, 2016

Chart: Regional Property Catastrophe ROL Index, 1990 to 2016

Posted at 1:00 AM ET

The chart shows the indexes for United States, United Kingdom, Asia Pacific and Europe.

Continue reading…

May 25th, 2016

Chart: Global Property Catastrophe ROL Index 1990 to 2016

Posted at 1:00 AM ET

The Guy Carpenter Global Property Catastrophe Rate on Line (ROL) index is presented for 1990 through 2016.

Continue reading…

May 24th, 2016

GC Securities* Completes Catastrophe Bond Queen Street XII Re dac on behalf of Munich Re

Posted at 5:28 AM ET

GC Securities, a division of MMC Securities LLC, a U.S. registered broker-dealer and member FINRA/NFA/SIPC, today announced the placement of a single class of Principal At-Risk Variable Rate Notes (”Notes”) with a principal amount of USD 190,000,000 through the newly formed designated activity company (”dac”) domiciled in Ireland, Queen Street XII Re dac, to benefit Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (”Munich Re”).  This is the largest issuance of the eleven issuances in Munich Re’s Queen Street series since 2011 and the second largest issuance of all Munich Re’s Queen Street series. Additionally, Queen Street XII Re dac is the first special purpose vehicle authorized for the purposes of Directive 2009/138/EC (as amended) (”Solvency II Directive”) in the 144A catastrophe bond market.

Continue reading…

May 23rd, 2016

Cyber Risk

Posted at 1:00 AM ET

ross_christopher-smChristopher Ross, Managing Director

Contact

As businesses, both large and small, throughout all sectors of industry, become more and more reliant on technology to improve service efficiencies and functionalities, cyber risk has become one of the most pressing public topics addressed in corporate boardrooms and by governments across the globe. The corresponding awareness of a business’s susceptibility to a cyber-attack has grown along with a spate of high-profile attacks. Consequently, cyber risk is now an embedded feature of the global risk landscape, not only as a privacy/network liability, which is where much of the publicity has arisen, but also as a peril affecting traditional insurance lines. Therefore, preventative and post-event remediation are gaining importance as shareholders, regulators and rating agencies are increasingly focused on enterprise risk management activities for cyber risks.

Continue reading…

May 11th, 2016

Guy Carpenter Reports on Kumamoto Earthquake, Seismic Risk and Earthquake Cover in Japan

Posted at 2:30 PM ET

Guy Carpenter & Company today released a briefing and analysis of the Kumamoto Earthquake that struck Japan in April 2016.

Continue reading…

May 10th, 2016

Update: Fort McMurray Wildfires - Canada

Posted at 10:42 AM ET

fortmcmurray-may-10-sm3Recent rainfall and cooler temperatures have helped to reduce spread of the wildfire that recently rendered devastating impacts to Fort McMurray, Alberta, Canada. Nevertheless, the fire continues to grow outside the city and has now claimed 2,020 square kilometers (790 square miles), according to media reports. A general trend of cooler temperatures is expected through this week, before another warming trend next weekend.

Continue reading…

May 5th, 2016

Managing and Modeling Emerging Risks

Posted at 1:00 AM ET

Here we review GC Capital Ideas posts on the challenges (re)insurers face managing and modeling casualty catastrophe risks.

Continue reading…

May 4th, 2016

Fort McMurray Wildfires - Canada

Posted at 1:35 PM ET

ft-mcmurray-may-4-2016-smallFort McMurray, Alberta, Canada has suffered widespread and severe impacts as a result of wildfire activity. Media reports indicate that over 80,000 people have been evacuated. No serious injuries or deaths have been reported, however, the fire has destroyed homes in several neighborhoods. Our first thoughts and concerns are with those directly affected by this event.

Continue reading…

May 4th, 2016

Increasing Confidence and Transparency in Your Catastrophe Risk Decisions

Posted at 1:00 AM ET

thomas_sherry_sm1james-burnett-herkes-sm1Sherry Thomas, Head of Catastrophe Management - Americas and James Burnett-Herkes, Senior Vice President

Contact

Could you afford to find that the portfolio you just acquired in North Carolina is more exposed to hurricane than previously assumed? What if next year’s Category 2 hurricane caused a loss in excess of 15 percent of your policyholders’ surplus?  How will the changes in the U.S. Geological Survey National Seismic Hazard Maps impact your exposure to earthquake risk in the central and eastern United States?

Continue reading…

May 3rd, 2016

Public Entities Approach to Risk Financing

Posted at 1:00 AM ET

Here we review recent GC Capital Ideas posts on some of the drivers behind public entities considering new approaches to risk financing.

Continue reading…