Posts Tagged ‘Earthquake’



May 9th, 2018

Hawaii Volcanic Activity

Posted at 2:00 AM ET

hawaii1Event Summary

On Thursday, May 3, the Island of Hawaii experienced an eruption in the Kilauea volcano summit. Two large earthquakes occurred the following day among hundreds of smaller quakes and some large aftershocks. There have been a total of 10 fissures confirmed so far by the County of Hawaii, with an estimated 387,000 square feet of lava spread. At least 35 structures have been destroyed according to the Government of Hawaii, and evacuations have affected at least 1,700 people. The most severely affected area is the Leilani Estates Subdivision, which is located directly in the Lower East Rift Zone. It is too early to estimate the scope and severity of impacts, and our first thoughts and concerns are with those directly affected by this active event.

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November 1st, 2017

Asia Pacific Catastrophe Report 2017: Executive Summary: Losses

Posted at 4:00 AM ET

cover-thumbInsured losses in Australia and New Zealand were the largest events. The region was also impacted by floods in China, India and Thailand and an earthquake in China. Once again, flood was a major contributor to economic losses in the region, but often in areas where insurance penetration was limited. Flood is difficult for (re)insurers to model, but Guy Carpenter has made significant steps to help clients deal with the problems.

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October 15th, 2017

Reinsurance Market Poised to Remain Vibrant Following Recent Catastrophe Events - GC@PCI Commentary

Posted at 11:30 AM ET

priebe_david_photo-sm1David Priebe, Vice Chairman

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  • The recent series of catastrophic events - earthquakes in Mexico, Hurricanes Harvey, Irma and Maria - is reminding cedents that reinsurance is one of the most effective ways to protect corporate capital bases
  • Harvey on its own is likely an earnings event that will probably not require an increase of industry capital; the addition of the cumulative effect of the earthquakes in Mexico and Hurricanes Irma and Maria, however, could create a capital event
  • The earthquakes and hurricanes provide an opportunity to define the viability and effectiveness of the 144A product. We expect that these instruments will demonstrate their effectiveness and serve their intended purpose

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October 5th, 2017

GC Capital Ideas CAT-i Stories: Third Quarter, 2017

Posted at 4:00 AM ET

Here is a look back at the CAT-i stories covering July through September of 2017.

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September 21st, 2017

Catastrophe Events Occurring In North America Recently

Posted at 1:00 AM ET

Here we review GC Capital Ideas posts on the three most recent catastrophe events occurring in North America within a period of 16 days.

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September 20th, 2017

7.1 Mw Earthquake Near Raboso, Mexico

Posted at 1:51 PM ET

7-1-eq-raboso-mexico-smA magnitude (Mw) 7.1 earthquake struck near Raboso, Mexico yesterday, according to the U.S. Geological Survey (USGS). The quake occurred at 1:14 p.m. local time (18:14 UTC), with Mexico City approximately 122 kilometers (75.9 miles) southeast of the epicenter.

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September 8th, 2017

8.1 Mw Earthquake Near Pijijiapan, Mexico

Posted at 1:50 PM ET

8-1mw-eq-pijijiapan-mexico-smA magnitude (Mw) 8.1 earthquake struck in the Pacific Ocean southwest of Pijijiapan, Mexico, according to the U.S. Geological Survey (USGS). The quake occurred at 11:49 p.m. local time (04:49 UTC).

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August 4th, 2017

GC Securities Completes First Listed P&C Cat Bond Issued by World Bank International Bank for Reconstruction & Development’s Capital-at-Risk Program

Posted at 5:30 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 catastrophe bond benefitting the government of Mexico’s Fund for Natural Disasters (FONDEN). The $360,000,000, three-class catastrophe bond is issued by the International Bank for Reconstruction and Development (”World Bank” or “IBRD”), and represents the first listed property and catastrophe bond issued under its Capital-at-Risk notes program.

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July 10th, 2017

GC Securities* Completes First Ever Indemnity Triggered Multi-Europe Peril Only 144A Catastrophe Bond for Assicurazioni Generali S.p.A.

Posted at 5:15 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 Principal At-Risk Variable Rate Notes, with notional principal at €200,000,000, through a newly formed special purpose vehicle domiciled in Ireland, Lion II Re DAC, to benefit Assicurazioni Generali S.p.A., an Italian insurance company and the parent company of the Generali Group. This is the third time that Assicurazioni Generali S.p.A. has utilized the insurance-linked securities market and is the first ever 144A cat bond to provide indemnity protection against multiple Europe perils.

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