Posts Tagged ‘tropical cyclone’



January 18th, 2018

Guy Carpenter Reports Capital Growth and Market Resilience Despite 2017 Losses

Posted at 2:00 AM ET

lighthouse-thumb-22Guy Carpenter has released an estimate of year-end reinsurance capital levels and results of the January 2018 reinsurance renewal.

According to the analysis, capital dedicated to reinsurance continued to grow in 2017 despite catastrophe losses. Due to ongoing excess supply and overall market resilience at January 1, rate firming was generally moderate and pricing shifts focused on client-specific justification.

Continue reading…

January 17th, 2018

GC Capital Ideas: CAT-I Stories: Fourth Quarter, 2017

Posted at 1:00 AM ET

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

Continue reading…

January 9th, 2018

2017 North Atlantic Hurricane Season

Posted at 1:00 AM ET

james-wallerJames Waller, PhD, Research Meteorologist

Contact

The 2017 North Atlantic Hurricane season was one of the most active seasons on record, a historic season in many respects, and certainly an impactful one. Those most severely affected residents are facing a long and difficult recovery that could last for years. They continue to have our thoughts and concerns.

Continue reading…

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.

Continue reading…

November 2nd, 2017

Asia Pacific Catastrophe Report 2017: Executive Summary: Protection Gap and Convergence Capital

Posted at 4:00 AM ET

cover-thumb1The proportion of losses uninsured in the Asia Pacific region remains high. For example, examination of this year’s major landfalling typhoons in China shows a wide discrepancy between economic and insured losses.

Continue reading…

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.

Continue reading…

October 10th, 2017

Hurricane Nate

Posted at 5:04 PM ET

hurricane-nate-smHurricane Nate made landfall on October 7 near the mouth of the Mississippi river and then near Biloxi, Mississippi as a Category 1 hurricane on the Saffir-Simpson Scale. Maximum sustained winds at landfall were 85 mph, according to the National Hurricane Center (NHC). Nate is the fourth hurricane to make U.S. landfall in the past two months and the first hurricane to make landfall in Mississippi since Hurricane Katrina (2005).

Continue reading…

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.

Continue reading…

September 21st, 2017

Hurricane Maria

Posted at 2:13 PM ET

h-maria-track-1-smHurricane Maria has affected areas of the Caribbean as a severe Category 4 or 5 hurricane, rendering severe damage due to wind and flood to areas including Dominica, Saint Croix and Puerto Rico. At least seventeen fatalities have been reported by media along with 20 missing and these numbers may rise as the most severely damaged areas become accessible. Severe to complete damage has been reported in Dominica. Variable damage to property and infrastructure has been reported in Puerto Rico, and power and drinking water have been compromised, with media reports that the entire island is without power. Our first thoughts and concerns are with those lost and directly affected by this event.

Continue reading…