Posts Tagged ‘tropical cyclone’



June 22nd, 2015

Guy Carpenter Releases 2015 Atlantic Hurricane Season Briefing

Posted at 10:49 PM ET

Guy Carpenter today released a briefing on the 2015 Atlantic hurricane season. According to the report, hurricane activity for the Atlantic Basin is projected to be below average for the 2015 season although impactful landfalls can occur in any hurricane season, even those of reduced activity.

Continue reading…

June 17th, 2015

Tropical Storm Bill

Posted at 2:15 PM ET

bill-track-2015-smallTropical Storm Bill made landfall at about 11:45 CDT (16:45 UTC) yesterday on Matagorda Island, Texas, according to the National Hurricane Center (NHC). Maximum sustained winds at landfall were 60 mph according to the NHC. Bill inflicted storm force winds, a storm surge of at least three feet and heavy rainfall to an area still saturated from the excessive rains of last month.

Continue reading…

June 11th, 2015

Review – Americas Cat Losses - 2014

Posted at 1:00 AM ET

Here we review the Americas catastrophe losses for 2014.

Continue reading…

June 10th, 2015

Review – EMEA and Asia Pacific Cat Losses – 2014

Posted at 1:00 AM ET

Here we review insured cat losses for Europe, the Middle East, Africa, Asia and Australasia in 2014. 

Continue reading…

June 9th, 2015

Global Catastrophe Overview – 2014

Posted at 1:00 AM ET

2014 was a quiet year, with significant insured losses totaling around USD33 billion. Insured losses were below the ten-year and five-year moving averages of around USD59 billion and USD56 billion, respectively (see graphs below).

Continue reading…

June 4th, 2015

June 1, 2015 Renewals Show Rate of Price Declines Moderating

Posted at 5:52 AM ET

Guy Carpenter & Company, LLC, a leading global risk and reinsurance specialist and a wholly owned subsidiary of Marsh & McLennan Companies (NYSE:MMC), reports that after two years of  price decreases averaging 15 percent on U.S. property catastrophe placements, risk-adjusted pricing moderated at the most recent June renewals.

Continue reading…

June 2nd, 2015

GC Securities* Completes Catastrophe Bond Alamo Re Ltd. Series 2015-1 Notes for the State of Texas’s Windpool

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 the Series 2015-1 Notes, with notional principal of USD 700,000,000, through the existing catastrophe bond shelf program, Alamo Re Ltd., to benefit the Texas Windstorm Insurance Association (TWIA). This is the largest 144A catastrophe bond completed to date in 2015 and the second time that TWIA has utilized the cat bond market to manage its tropical cyclone risks.

Continue reading…

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).

Continue reading…

May 27th, 2015

GC Securities* Completes Catastrophe Bond Pelican III Re Ltd. Series 2015-1 Notes for Louisiana Citizens Property Insurance Corporation

Posted at 10:15 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 the Series 2015-1 Notes, with notional principal at $100,000,000, through a newly formed Bermuda domiciled catastrophe bond shelf program, Pelican III Re Ltd., to benefit Louisiana Citizens Property Insurance Corporation (”LA Citizens”). This is the third time that LA Citizens has utilized the cat bond market to manage its tropical cyclone risks.

Continue reading…

May 20th, 2015

Approach of Atlantic Hurricane Season

Posted at 1:00 AM ET

As we approach the beginning of the 2015 Atlantic Hurricane Season, we review CAT-i stories covering the major storms from 2014.

Continue reading…