Posts Tagged ‘Hurricanes’



November 29th, 2017

Guy Carpenter Asia-Pacific Climate Impact Centre Publishes Annual Report

Posted at 1:00 AM ET

gcacic_advThe report, covering the Centre’s activities during 2016, is divided into five sections.

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June 1st, 2015

GC Securities* Completes Catastrophe Bond Cranberry Re Ltd. Series 2015-1 Notes for the State of Massachusetts’s Residual Market Insurer

Posted at 11:30 PM ET

GC Securities, a division of MMC Securities Corp., a U.S. registered broker-dealer and member FINRA/NFA/SIPC, announced the placement of Series 2015-1 Class A Principal At-Risk Variable Rate Notes due July 6, 2018, with notional principal of USD 300,000,000, through a newly formed catastrophe bond shelf program, Cranberry Re Ltd., to benefit the Massachusetts Property Insurance Underwriting Association (MPIUA).

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August 7th, 2014

Hawaii Double Threat: Hurricanes Iselle and Julio

Posted at 3:30 PM ET

hawaii-smallHurricane Iselle is poised to become the first hurricane in 22 years to make a direct landfall in Hawaii. According to the Central Pacific Hurricane Center (CPHC), Iselle is located 305 miles east-southeast of Hilo, Hawaii and 510 miles east-southeast of Honolulu, Hawaii. It has already started raining in Hilo and conditions are expected to deteriorate through the day, with the onset of tropical storm conditions this afternoon and hurricane conditions tonight. Trailing Iselle is Hurricane Julio. Julio is presently 1,235 miles east of Hilo, Hawaii. Julio is expected to impact the area shortly following Iselle, but with some uncertainty concerning the expected track and impacts.

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February 12th, 2014

Global Catastrophe Losses Fell Well Below Average in 2013

Posted at 11:45 PM ET

Guy Carpenter & Company released its 2013 Catastrophe Review, which shows that natural catastrophes and man-made disasters in 2013 resulted in insured losses of approximately $40 billion. Following above-average losses experienced in 2011 and 2012, 2013 provided a respite for the (re)insurance industry as insured losses were considerably less than the ten-year average of approximately $60 billion.

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June 3rd, 2013

2013 Atlantic Hurricane Activity

Posted at 1:00 AM ET

Guy Carpenter has published a new  briefing: 2013 Atlantic Hurricane Activity to Reach or Exceed 1995-2012 Average.  The 2013 Atlantic hurricane season is expected to be a busy one, carrying at least average activity with respect to the 1995-2012 “active” period. Seasonal outlook providers consistently emphasize two factors: the absence of El Niño, which implicates average activity, and higher tropical Atlantic sea-surface temperatures (SSTs), which implicate higher activity.

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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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May 20th, 2013

Guy Carpenter Asia-Pacific Climate Impact Centre Publishes Fourth Annual Report on Climate Issues

Posted at 4:00 PM ET

The Guy Carpenter Asia-Pacific Climate Impact Centre (GCACIC), a joint initiative of Guy Carpenter and City University of Hong Kong, today released its fourth annual report presenting the findings of the GCACIC’s research activities from the past year. The report details the findings of 22 projects conducted by the GCACIC, which focus on climate problems in the Asia-Pacific region as well as on a global scale.

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May 19th, 2013

GC Securities* Completes Catastrophe Bond Long Point Re III Ltd. Series 2013-1 Notes for Travelers

Posted at 10:00 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 of $300,000,000, through an existing catastrophe bond shelf program, Long Point Re III Ltd., to benefit Travelers. This is the second time that Travelers has accessed indemnity-triggered, fully collateralized reinsurance protection from the catastrophe bond market.

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April 18th, 2013

Hurricane Predictability and Model Representation Challenges

Posted at 1:00 AM ET

A new briefing has been published with the purpose of informing Guy Carpenter’s approach to hurricane risk in the context of new scientific findings.

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December 11th, 2012

Guy Carpenter Asia-Pacific Climate Impact Centre Issues Predictions of Tropical Cyclone Activity in Australian Region

Posted at 1:00 AM ET

Guy Carpenter Asia-Pacific Climate Impact Centre (GCACIC), a joint initiative of Guy Carpenter & Company and City University of Hong Kong, issued its annual predictions for the 2012/2013 tropical cyclone season for the Australian region. The final forecast is for near-normal activity (12 tropical cyclones) for the region.

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