As companies depend more on technology to conduct business, they are also increasingly subject to technology’s unique vulnerabilities. These are wide-ranging and can include system or supply chain disruption or failures, distributed denial of service, hacking and ransomware attacks that may result in increased costs and lost revenue, according to Guy Carpenter colleagues S ... Continue Reading »
Property
Guy Carpenter Appoints Three New Members to Its Executive Committee
Guy Carpenter announced today that it has appointed three new members to its Executive Committee in line with its ongoing commitment to deliver differentiated value and experience to its clients. ... Continue Reading »
Webinar: Insurance and Risk Management Strategies for COVID-19 and Beyond
Global commercial insurance and reinsurance pricing was already on the increase prior to the COVID-19 crisis, although strong capitalization in the reinsurance market saw more moderated increases compared to those in the primary market. Ultimately, the fundamentals of (re)insurance remain strong. There will nevertheless be winners and losers as the market adjusts to the ... Continue Reading »
TS Isaias to threaten mainland US as hurricane, active Caribbean threat
Tropical Storm Isaias crosses Puerto Rico and Hispaniola today, causing some temporary decline in intensity. Thereafter, the NHC forecast calls for Isaias to intensify to borderline tropical storm / category-1 strength near south Florida by Saturday. Land interaction and the strength of the Bermuda high thereafter will determine the strength and track of Isaias further up the ... Continue Reading »
Chart: Real Gross Domestic Product Projections for Countries Exposed to Climate Change by 2048
The following chart shows that two groups of countries are most likely to be affected negatively by climate change: nations in hot climates, particularly emerging economies such as Malaysia, Algeria, the Philippines and Thailand, and oil producers such as Saudi Arabia, Qatar and Oman. ... Continue Reading »
COVID-19: Cybersecurity Checklist for Remote Working
As a sector intrinsically tied to digital technology, cyber insurance is known for its dynamic and evolving nature. Looking toward the remainder of 2020, as COVID-19 upends how businesses interact with technology, the reinsurance market sees a number of emerging trends that present both potential challenges and opportunities. ... Continue Reading »
Global Insurance Market Index – First Quarter 2020
While June 1 reinsurance renewals were challenging, capacity ultimately came together to meet cedents’ needs and the market continued to function well. Similar outcomes are expected at July 1, and looking further ahead to January 1, 2021. The reinsurance sector has shown itself to be well versed at navigating market-changing events, and the overriding message following June 1 r ... Continue Reading »
Guy Carpenter Appoints Managing Director of Global Risk Solutions
Guy Carpenter announced today the appointment of Andrea Piatti as a Managing Director, Global Risk Solutions, effective August 3. ... Continue Reading »
CAT-i Bulletin: Hurricane Hanna
Hurricane Hanna, the eighth named storm and first hurricane of the 2020 Atlantic season, made landfall in South Texas at 6PM EDT, July 25, 2020 as a category-1 hurricane. This is the highest number of named storms in the Atlantic this early in the season, according to the known historical record, and is one storm ahead of the hyperactive 2005 season. ... Continue Reading »
Silent Cyber – No Longer Silent: Part Two
The goals of Lloyd’s and global regulators are to safeguard the sustainability of the insurance market, provide contract certainty for clients and drive innovation of new cyber products to fill the evolving needs of clients, according to Guy Carpenter colleagues Siobhan O’Brien, International Cyber Center of Excellence Leader, and Erica Davis, North America Cyber Center of Exc ... Continue Reading »
