Posts Tagged ‘Latin America’



August 8th, 2016

Hurricane Earl

Posted at 1:34 PM ET

hurricane-earl-8-8-16-smHurricane Earl made landfall in Belize last Thursday, with final landfall as a tropical storm in Southeast Mexico over the weekend. Impacts have been rendered in Belize as a result of strong wind gusts, an impactful storm surge and heavy rainfall. Some damage to property and infrastructure has been reported, although the full scope and severity remain unclear. Significant rainfall has also affected areas of Southeast Mexico, with reports of destructive flooding, landslides and property damage. At least 42 have been reported dead in Southeast Mexico and another 2,000 have been displaced, according to media reports. The full extent of impacts from this event remains unclear as recovery and assessment efforts are still underway. Our first thoughts and concerns are with those lost and directly affected by this event.

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July 12th, 2016

GC Capital Ideas CAT-i Stories For First Half, 2016

Posted at 1:00 AM ET

Here are the most recent CAT-i stories covering January through June of 2016.

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April 19th, 2016

7.8 Mw Earthquake Near Ecuador Coast

Posted at 8:30 AM ET

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A Mw 7.8 earthquake struck the Esmeralda Province near the west coast of northern Ecuador on April 16, according to the U.S. Geological Survey (USGS). The quake occurred at 6:58 PM local time (23:58 UTC) about 17 miles (27 km) south-southeast of Muisne and about 106 miles (170 km) west-northwest of Quito, the capital of Ecuador.

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September 29th, 2015

Disruptive Forces to Merger & Acquisition Activity: Globalization

Posted at 1:00 AM ET

Globalization in the insurance industry has historically been characterized by North American companies seeking to expand their business models to Europe, with Asia and South America as their secondary focus. European companies have sought to expand into North America, Asia and Latin America (for Spanish and Portuguese speaking companies).

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July 9th, 2015

July 1 Renewals Reveal Price Declines Moderating Especially for US Wind-Exposed Programs

Posted at 1:00 AM ET

Guy Carpenter today released its July 1 Renewal Briefing  that shows price declines have continued to moderate, predominantly on programs covering US wind. Overall pricing was down again at the July renewal across virtually all geographies and lines of business. However, additional limit placed over the past few months is partially responsible for the stabilization of price declines, particularly for US property. Increased demand for reinsurance and expansion of tailored coverage persisted through the July renewal period from previous seasons.

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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

Guy Carpenter Appoints Paul Summers as Head of International Facultative Reinsurance

Posted at 6:51 AM ET

Guy Carpenter today announced that Paul Summers will be joining the company as Managing Director and Head of International Facultative Reinsurance, following completion of his current contractual notice period. He will assume this role from Massimo Reina, who will become Chairman of the division and will concentrate on his duties as CEO of Continental Europe & MENA.

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July 8th, 2014

6.9Mw Earthquake — Southern Mexico

Posted at 3:52 PM ET

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A magnitude 6.9 earthquake was reported by the U.S. Geological Survey (USGS) about 1 mile from Puerto Madero, Mexico near the Mexico-Guatemala border on Monday. The quake occurred at 6:23 a.m. local time (11:23 UTC) on the Pacific Coast, with an initial magnitude of 7.1 but later corrected to 6.9. The quake depth was 37 miles (60 km). About 10 minor aftershocks were reported in the region triggering additional landslides.

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July 7th, 2014

July 1 Renewals Reveal Continued Double Digit Price Decreases Across Many Lines and Geographies

Posted at 5:00 AM ET

Guy Carpenter reports that market pressures at July 1 renewals continued to drive price decreases across virtually all geographies and lines of business, many in the double digit range. As loss activity remained minimal, reinsurers added to surplus capacity and additional capital continued to come into the market via alternative sources. 

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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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