Key Headlines Escalating Threat: Hurricane Ida is now expected by the National Hurricane Center (NHC) to make landfall over southeast Louisiana as a category-4 hurricane, with maximum sustained winds prior to landfall of 140 mph. Forecast storm surge is now in the range of 10-15 feet. Significant Strengthening Expected: After landfall over Cuba, Ida has since ... Continue Reading »
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Tropical Storm Ida Forms in the Caribbean, Hurricane Impacts Likely Along US Gulf Coast
Key Headlines 9th Named Storm: Ida's formation yesterday, August 26, marks the ninth named storm of the 2021 Atlantic Hurricane Season. Ida formed nearly a month ahead of the average date of formation for "I" storms, September 26, based on the 1953-2020 average. Significant Strengthening Expected: As Ida crosses Cuba and enters into the Gulf of Mexico this ... Continue Reading »
Built to Last: Infrastructure and Trust in a Changing World
Marsh McLennan Advantage’s latest report, Built to Last: Infrastructure and Trust in a Changing World, examines the role of trust in the infrastructure ecosystem and elaborates on how private infrastructure owners and operators can build and maintain trust with stakeholders. The post-pandemic global economic recovery, the intensifying effects of climate change, and the ... Continue Reading »
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. Their analysis currently counts 149 active InsurTech start-ups in Germany, 16 in Austria, and 44 in ... Continue Reading »
Tropical Storm Henri Northeast Landfall; Hurricane Grace Final Mexico Landfall as Major Hurricane
Key Headlines Landfall Recap: Henri made landfall as a tropical storm early Sunday afternoon, August 22. Landfall occurred along the western Rhode Island coastline, near Westerly, with maximum sustained winds of 60 mph and higher gusts. Slow Moving: The center of Henri is currently located over New York's Hudson Valley and is nearly stationary in movement. Henri ... Continue Reading »
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. ... Continue Reading »
Tropical Storm Henri Landfall Today, Impacts Moving Onshore
Key Headlines The forecast is unchanged: Henri is a high end tropical storm with landfall expected midday Sunday on far eastern Long Island and then subsequently tracking close to the Connecticut / Rhode Island border. A full discussion of the forecast can be read in our Friday August 20 update, while today's update focuses on the major perils at risk with the ... Continue Reading »
Live Event: TS Henri Increasing Threat To Northeast US, Atlantic Canada; Grace Makes Yucatan Landfall
Key Headlines Henri a Threat to New England by Sunday: Weather models are notably slower and further west with Henri over the last two days. These shifts increase the risk for tropical storm impacts by Sunday for New England and possibly Atlantic Canada by Monday. Grace Makes Landfall on the Eastern Yucatan Peninsula: The forecast for Grace verified, making ... Continue Reading »
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. ... Continue Reading »
Live Event: TS Grace to Impact Yucatan as a Hurricane
TS Grace to Impact Yucatan as Category 1 Hurricane, Atlantic Active with Three Storms Key Headlines Stronger Grace Results in Hurricane Watch for the Yucatan Peninsula: A track further south has resulted in less disruption to Grace while passing south of Hispaniola. After passing over Jamaica today, conditions are favorable for intensification into a category 1 ... Continue Reading »
