In this interview with The Insurer, Charles Whitmore, President, Global Accounts, Guy Carpenter, discusses how buyers can look forward to a healthy reinsurance market while carriers will be focusing on pricing priorities, and terms and conditions. ... Continue Reading »
Post Event Report: Hurricane Ida Eastern U.S. Impacts
The Hurricane Ida post-event report comprises the following sections: Updated Insured Loss Estimate Updates Regional Impacts Notable Impacts by Peril Additional implications for the Insurance Industry Key Dates in the Timeline of Hurricane Laura This second Post Event Report on Hurricane Ida is focused on the widespread damage across the Mid-Atlantic and ... Continue Reading »
Week’s Top Stories: September 4-10, 2021
Video: The State of Wildfire Resilience: In this video, Sydney Hedberg, Associate Director, Marsh McLennan Advantage; Andy Read, Vice President, Public Sector Practice, Guy Carpenter; and Sydney Chamberlin, Climate Policy Associate, The Nature Conservancy, join Thomas Carver, Executive Editor of BRINK News, for a discussion on how society can respond to the growing ... Continue Reading »
(Re)insurance Industry Continues To Demonstrate Resilience in Challenging Market
The convergence of tangible and intangible challenges facing the (re)insurance industry is creating one of the most dynamic and potentially volatile environments in recent market history, yet (re)insurers continue to demonstrate their resilience through their ability to adapt and respond. This is according to panelists at a recent virtual media briefing, Moving Forward, hosted ... Continue Reading »
Chart: Surety Results Remain Relatively Stable Over Time
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 »
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 »
