GC Securities* Acts as Sole Structuring Agent and Co-Bookrunner.

The Federal Emergency Management Agency (FEMA) announced its August 1, 2018 reinsurance placement for the National Flood Insurance Program (NFIP). For the first time, FEMA has secured reinsurance ultimately backed by capital markets investors, continuing efforts to better manage the NFIP’s financial risk. Continue reading…

In Northern California, the Carr Fire has burned at least 110,154 acres since July 23 and claimed at least six lives according to media reports and Cal Fire. Damage survey efforts are still ongoing, however initial indications are that at least 1,236 structures have been destroyed with another 225 damaged. At least 27,000 people have been displaced by this event. Ongoing hot conditions are expected for the area which will continue to enable active fire spread. Nevertheless, containment efforts have made headway and the fire is under 27 percent containment according to Cal Fire. The fire continues to pose an active threat to numerous structures along with power and communications infrastructure, and evacuations remain in place. Our thoughts and concerns remain with those lost and personally affected by this event.

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The table lists the top ten catastrophe bond transactions that were completed in 2017.

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The table lists the top ten catastrophe bond transactions that were completed in 2017.

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James Waller, PhD, Research Meteorologist

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With the 2018 North Atlantic hurricane season having commenced on June 1, seasonal outlook providers on both sides of the Atlantic continue to issue predictions. As with any hurricane season, each outlook provider emphasizes the need for proper preparation, since impactful hurricanes have been known to make landfall even during quiet years.

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*GC Securities, a division of MMC Securities LLC, a U.S. registered broker-dealer and member FINRA/NFA/SIPC, today announced the placement of USD 300,000,000 Series 2018 Principal At-Risk Variable Rate Notes through a newly formed insurance special purpose vehicle domiciled in the United Kingdom, Atlas Capital UK 2018 PLC, to benefit SCOR.

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As the 2018 hurricane season approaches, we take a look back at the 2017 season. It was among the top-ten most-active seasons in recorded history since 1900 for the North Atlantic Basin.

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As the 2018 hurricane season approaches, we take a look back at the 2017 season. It was among the top-ten most-active seasons in recorded history since 1900 for the North Atlantic Basin.

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Event 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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