Tropical Storm Sally continues to track slowly toward the Central Gulf Coast and is expected to take advantage of warm waters and low wind shear to strengthen into a hurricane prior to landfall. At the peak of hurricane season, Sally is one of five systems currently active in the Atlantic, including Hurricane Paulette that made landfall in Bermuda this morning. There ... Continue Reading »
Political Risk Map 2020: Mid-Year Update for Asia-Pacific
Terrorism, political violence and other malicious acts differ from other insurable perils in that they are dynamic and adaptive; there is human intent driving the probability and willing the impacts to change. Historic incidents show past trends, but those are only partial drivers of future trends as terrorists adapt their tactics in response to past effectiveness and current ... Continue Reading »
Risk-Based Capital Stress Testing: Part II
The Impact for Life & Health Insurance Companies COVID-19 is likely having an impact on insurance company capital. Companies are closely monitoring potential decreases in assets as well as liability changes in an effort to protect their capital and surplus positions. Rating agencies are also monitoring these developments to try to identify companies whose financial ... Continue Reading »
Strengthening Tropical Storm Sally on Path to Hurricane Landfall along Central Gulf Coast
Tropical Storm Sally has been bringing heavy rainfall and winds to portions of Florida over the weekend, and is now emerging into the Gulf of Mexico. Both of the best predictors for strengthening are present; namely very warm waters and low wind shear. A hurricane landfall along the Central Gulf Coast, with the threat of heavy rainfall, strong winds, and a dangerous storm surge ... Continue Reading »
Oregon and California Fires
Exceedingly hot and dry conditions combined with an extreme wind event beginning on September 7 resulted in explosive growth of existing fires and the ignition and rapid spread of several fires in the Pacific Northwest. These conditions have resulted in five fires in Oregon that have currently burned more than 100,000 acres with numerous smaller fires prompting massive ... Continue Reading »
Week’s Top Stories: September 5 – 11, 2020
Chart - Significant Insured Catastrophe Losses 2011 – 1H2020: The following chart shows significant insured catastrophe losses between 2011 and the first half of 2020. View the chart >> Building Climate-Resilient Infrastructure in the Post-Pandemic World: With the global economy facing its deepest economic contraction since the second world war, many governments are ... Continue Reading »
Capital and The Insurance Industry During COVID-19
Vicky Carter, Guy Carpenter Chairman of Global Capital Solutions, International, recently spoke to Mark Geoghegan, Editor at The Voice of Insurance about capital in the (re)insurance industry during the COVID-19 pandemic. During their discussion, Vicky and Mark examine capital and the industry’s financial health, investor appetite for the insurance sector and the prospects f ... Continue Reading »
Guy Carpenter Addresses Changing Nature of Risk
The (re)insurance industry is navigating one of the most significant periods of change in recent times which is altering perceptions of risk across the sector. The impact of COVID-19, the first globally systemic insurance loss, has put pressure on a marketplace already addressing challenges on multiple fronts. During this period of transformational change, reinsurance continues ... Continue Reading »
Dean Klisura Appointed President of Guy Carpenter
Guy Carpenter and Marsh today announced the appointment of Dean Klisura as President of Guy Carpenter, effective October 1, 2020. He will report to Peter Hearn, CEO of Guy Carpenter. ... Continue Reading »
Chart: Significant Insured Catastrophe Losses 2011 – 1H2020
The following chart shows significant insured catastrophe losses between 2011 and the first half of 2020. *Note: This chart excludes the impact of any COVID-19-related losses Click here to register to receive e-mail updates >> ... Continue Reading »
