Tropical Storm Henri Northeast Landfall; Hurricane Grace Final Mexico Landfall as Major Hurricane: Henri made landfall in Rhode Island on Saturday, August 22, while Grace made its final landfall on the same date near Tecolutla, Mexico, after a period of rapid escalation.
With the Right Tools, Sureties Can Navigate Tough Economic Cycles: Guy Carpenter’s analysis shows that recessionary periods between 2001 and 2021 have had an impact on the surety marketplace and led to underwriting innovations. Our briefing includes an overview of the impact on surety results and underwriting changes in each of the recessionary periods studied.
The Future of InsurTech in DACH: What are the trends and developments in the InsurTech industry? Oliver Wyman’s report, The Future of InsurTech in DACH (DACH region), produced in partnership with Policen Direkt as part of their InsurTech Radar series, examines those changes and highlights the developments.
Chart: State of the 144A P&C Catastrophe Bond Market: 2008-2021YTD: In the first half of 2021, there was a total of USD 7.9 billion in new issuances – a 25 percent increase over the same period in 2020. The total outstanding risk capital increased by USD 2 billion (accounting for maturities) over 2020 levels.
Video: Guy Carpenter’s Will Garland Discusses Mid-Year Renewals: In this episode of The Insurer TV’s Prospective, Will Garland, Guy Carpenter’s President, Centers of Excellence, North America, talks about the impact on mid-year renewals of climate change, social inflation, ongoing claims development, and softening and stabilization of the catastrophe claims environment.
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2021 Global Large Loss Activity/COVID-19 Losses: Hailstorms, heavy rains and tornadoes in parts of France, Belgium, the Netherlands, Switzerland, Germany, the Czech Republic and elsewhere in Europe (between June 21 and July 1) could increase the insured loss estimate by over USD 2.5 billion. While it is still difficult to estimate the ultimate COVID-19 loss estimate, the publicly-available reported total is USD 43 billion.