Surety industry underwriting results have remained relatively stable since 2005. Loss activity spiked in the early 2000s, leading to combined ratios ranging between 124 percent in 2001 and 117 percent in 2004 (see Figure 1). Factors contributing to the high combined ratios in the early 2000s included sharply increased competition in the surety sector in the late 1990s, higher ... Continue Reading »
Property
M7.0 Acapulco, Mexico Earthquake Rattles Guerrero State to Mexico City
Key Headlines Significant earthquake (Mw7.0 USGS; M7.1 Mexico SSN) on the Middle America subduction zone near Acapulco, Mexico occurred in the evening of September 7th (20:47 local time): Earthquake epicenter was approximately 21 km (13 mi) from Acapulco, Guerrero, Mexico. The 20 km depth is consistent with subduction interface events and the earthquake occurred ... Continue Reading »
Flood Risk Index Provides Global Overview
The Marsh McLennan Flood Risk Index provides key information on the likelihood, vulnerability and severity of flood exposure for countries throughout the world. It is accessible through a highly intuitive navigator that visualizes the results on an interactive world map. The index makes it easy to compare scores between two countries, one country and the world average, and ... Continue Reading »
Guy Carpenter boosts capital markets capabilities with key appointment at GC Securities
Guy Carpenter announced today the appointment of Quentin Perrot as Managing Director, GC Securities, with immediate effect. In this role, Mr. Perrot will be responsible for the origination and structuring of insurance-linked securities, collateralized structures, and alternative capital, supporting clients from around the world including Bermuda, U.S. and Europe. Based in ... Continue Reading »
Infrastructure: Heightened Cyber Threats Pose Risks for Owners, Operators
Technological innovation has provided a huge boon in operating efficiency and cost savings in the development and employment of assets. However, this comes at a price as increasingly sophisticated hackers can disrupt business and misuse customer information. Identifying new opportunities for collaboration and reimagining partnerships with stakeholders provide keys to mitigate ... Continue Reading »
Video: The State of Wildfire Resilience
This year’s season for wildfires is shaping up to be even more devastating than those of recent years. With reduced humidity, increasing drought and strong winds, how can we build better resiliency? Sydney Hedberg, Associate Director, Marsh McLennan Advantage; Andy Read, Vice President, Public Sector Practice, Guy Carpenter; and Sydney Chamberlin, Climate Policy Associate, ... Continue Reading »
Live Event: Ida Hits Eastern U.S. with Extreme Flooding and Severe Thunderstorm Activity
Live Event: Ida Hits Eastern U.S. with Extreme Flooding and Severe Thunderstorm Activity Key Ida Headlines Exceptional Mid-Atlantic Flooding: Both in terms of hourly rainfall rates as well as daily rainfall totals, Ida brought extreme, and in some cities, record setting rainfall to the Mid-Atlantic yesterday. Wide swaths of Pennsylvania, New Jersey, New York and ... Continue Reading »
Infrastructure: Accelerating Impacts of Climate Change
Climate change is driving a range of physical, transition, and liability risks in infrastructure. Uncertainty surrounding the various paths to decarbonization challenges traditional business models and existing infrastructure investment approaches. Data analytics can guide the use of adaptation measures and the negotiation of innovative risk transfer solutions. Transparent ... Continue Reading »
Video: Public-Private Partnerships Play Key Role in Tackling Climate Risk
In this video, Josh Darr, Managing Director, Head of North America Peril Advisory for Guy Carpenter, talks about the need for a high-profile champion within the federal government to address climate-related market risks, and the progress we are seeing in this area. ... Continue Reading »
Major Hurricane Ida to Make Landfall Within Hours, Dangerous Impacts Expected
Key Headlines Severe Hurricane Status: Ida has undergone rapid intensification and strengthened into a severe category-4 hurricane. Ida has a well-defined eye and circulation, and is approaching status as a category-5 hurricane. Ida is now the strongest hurricane of the Atlantic Hurricane Season thus far, and the second major hurricane of the 2021 Atlantic Hurricane Season ... Continue Reading »
