Posts Tagged ‘Earthquake’



April 14th, 2014

10 Most Popular Chart Room Entries

Posted at 1:00 AM ET

Here we review one of GC Capital Ideas more viewed categories, the Chart Room, with the top 10 most popular stories viewed since March 1st:

 

1. Chart: 2013 Catastrophe Bond Transactions: This table lists the 144A property/casualty catastrophe bond transactions that were completed in 2013.

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2. 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.

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3. Chart: Risk Capital Outstanding: Risk capital outstanding for property/casualty catastrophe bonds for the period 1997 to 2013.

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4. Chart: Risk Capital Issued by Quarter: Property/casualty catastrophe bonds issuance in the period 1997 to 2013.

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5. Chart: Rate Movements by Business Segment: Reports rate movements at January 1, 2014.

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6. Chart: Regional Property Catastrophe ROL Index: The chart shows the indexes for United States, United Kingdom, Asia Pacific and Europe.

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7. Chart: Chile Holds Spot on Most Expensive Earthquakes for Insurers: In light of the April 1 magnitude 8.2 earthquake in Chile, we highlight a spring 2013 GC Capital Ideas table ranking the most expensive earthquakes for insurers. A seismic event in 2010 put the South American nation on that list.

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8. Chart: Significant Insured Losses: Reports insured losses from natural disasters and man-made disasters, 2011 to 2013.

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9. Chart: Global Catastrophe Insured Losses: Chart presents individual measures for natural catastrophes versus man-made catastrophes, 1970 to 2013.

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10. Chart: Top Ten Catastrophe Bond Transactions: The chart ranks deals in 2013, as compiled by GC Securities*, a division of MMC Securities Corporation.

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*Securities or investments, as applicable, are offered in the United States through GC Securities, a division of MMC Securities Corp., a US registered broker-dealer and member FINRA/NFA/SIPC. Main Office: 1166 Avenue of the Americas, New York, NY 10036. Phone: (212) 345-5000. Securities or investments, as applicable, are offered in the European Union by GC Securities, a division of MMC Securities (Europe) Ltd. (MMCSEL), which is authorized and regulated by the Financial Conduct Authority, main office 25 The North Colonnade, Canary Wharf, London E14 5HS. Reinsurance products are placed through qualified affiliates of Guy Carpenter & Company, LLC. MMC Securities Corp., MMC Securities (Europe) Ltd. and Guy Carpenter & Company, LLC are affiliates owned by Marsh & McLennan Companies. This communication is not intended as an offer to sell or a solicitation of any offer to buy any security, financial instrument, reinsurance or insurance product. **GC Analytics is a registered mark with the U.S. Patent and Trademark Office.

April 9th, 2014

April Renewals Bring Price Reductions & Focus on Tailored Coverage

Posted at 11:30 PM ET

Guy Carpenter  reports that the April 1, 2014 renewal was marked by price reductions and more tailored reinsurance coverage. Strong balance sheets, an abundance of capacity and a consolidation of buying led to lower reinsurance pricing across most territories and business segments at the renewal.

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April 9th, 2014

Chart: Chile Holds Spot on Most Expensive Earthquakes for Insurers

Posted at 1:00 AM ET

In light of last week’s 8.2 magnitude earthquake in Chile we highlight a spring 2013 GC Capital Ideas table ranking the most expensive earthquakes for insurers. A seismic event in 2010 put the South American nation on that list.

As reported in GC Analytics’ CAT-i report, a full assessment of the scope and severity of the impacts of the recent quake has yet to emerge, but initial reports do not indicate damage of exceptional severity to resilient structures. At least six fatalities have been reported. It also created a tsunami wave of 6.9 feet, which produced tsunami warnings as far away as Hawaii, Japan and Indonesia.

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April 2nd, 2014

8.2Mw Earthquake Near Chile Coast

Posted at 2:56 PM ET

chile-eq-2014smallAn 8.2-magnitude earthquake was reported by the U.S. Geological Survey (USGS) about 40 miles off the northern coast of Chile yesterday evening. More than 60 aftershocks were reported following the initial event, one of which was measured of magnitude 6.2. Shaking was felt as far away as La Paz Bolivia, over 290 miles (470 km) away.

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October 30th, 2013

Guy Carpenter Study Challenges Views of Seismic Risk in Japan

Posted at 5:00 PM ET

The Tohoku rupture of 2011 changed the market’s understanding of seismic risk in Japan. The Mw 9.0 event occurred in an area where earthquakes of up to only Mw 8.4 were thought possible. Following the event there was increased publicity surrounding the so-called Tokyo Fragment theory and discussion around the potentially increased probability of earthquakes near Tokyo.

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May 24th, 2013

GC Securities* Completes Catastrophe Bond Blue Danube II Ltd. Series 2013-1 Notes for Allianz

Posted at 2:00 AM ET

GC Securities, a division of MMC Securities Corp., a U.S. registered broker-dealer and member FINRA/SIPC, today announced the placement of the Series 2013-1 Notes, with notional principal of $175,000,000, through a newly formed catastrophe bond shelf program, Blue Danube II Ltd., to benefit Allianz. This is the second time that Allianz has accessed PCS-MITT triggered cat bond protection and the eighth overall cat bond issuance benefitting Allianz since 2007.

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April 29th, 2013

GC Securities* Completes Catastrophe Bond Bosphorus 1 Re Ltd. Series 2013-1 Notes for the Turkish Catastrophe Insurance Pool

Posted at 11:00 PM ET

GC Securities, a division of MMC Securities Corp., a U.S. registered broker-dealer and member FINRA/SIPC, today announced the placement of the Series 2013-1 Notes, with notional principal at $400,000,000, through a newly formed catastrophe bond shelf program, Bosphorus 1 Re Ltd., to benefit the Turkish Catastrophe Insurance Pool (TCIP). This is the first time that the TCIP has directly utilized the cat bond market to manage its earthquake risks in the Istanbul region.

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April 16th, 2013

Chart: Ratio of Insured Loss to Economic Loss from Recent Earthquake Events

Posted at 1:00 AM ET

Earthquake insurance coverage in developed and emerging economies varies widely, and earthquake coverage can be low, even in certain established markets. Of all the earthquakes that have caused economic losses over USD1 billion over the last three years, only events in New Zealand and Chile saw the (re)insurance sector contribute more than 25 percent of the overall cost.

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April 15th, 2013

Chart: Five Most Expensive Earthquakes for Insurers

Posted at 1:00 AM ET

Over the last two years, several powerful earthquakes have caused widespread damage, leading to significant losses for (re)insurers. Four out of the five most costly earthquakes on record have occurred since the start of 2010, and all four of these events were located outside the United States.

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April 9th, 2013

April 1 Renewals See Reinsurance Pricing Stabilize Amid Dynamic Capital Growth

Posted at 11:28 PM ET

Guy Carpenter reports that dynamic capital growth and ample reinsurance capacity resulted in a relatively stable renewal at April 1, 2013. In a briefing released today, Guy Carpenter comments that the convergence of traditional and alternative capital sources is changing the marketplace, with non-traditional capacity now making up an estimated 14 percent of global property catastrophe limit.

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