Live Event: TS Grace to Impact Yucatan as a Hurricane: Tropical Storm Grace led to a hurricane watch in Mexico, while Tropical Storm Fred made landfall in the Florida panhandle and Tropical Storm Henri was expected to make a close approach to Bermuda. Continue reading >> Outlook: Wildfire Activity Increasing Across Western US: Large fire activity and extreme fire ... 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 »
Video: The Tangible Economic Cost of Action Related to Climate Change is High, Inaction Higher
In this video, Josh Darr, Head of North America Peril Advisory, Guy Carpenter, and Jessica Turner, Managing Director, Catastrophe Advisory, Guy Carpenter, highlight how the tangible economic cost of action related to climate change may be high, but the cost of inaction is ultimately higher. They also discuss the scientific advances being made for climate change risk ... Continue Reading »
Post Event Report: Mw 7.2 Haiti Earthquake: August 14, 2021
Event Headlines A large Mw 7.2 earthquake erupted Saturday August 14, 2021 on the Enriquillo-Plantain Garden Fault Zone in southwest Haiti, 78 miles west of the capital of Port-au-Prince, Haiti. Significant damage is being reported across southwest Haiti, with recovery efforts hindered by heavy rainfall associated with Tropical Storm Grace and political instability. ... Continue Reading »
Guy Carpenter Appoints New President in Asia Pacific
Guy Carpenter announced the appointment of Michael Harden as President of Asia Pacific, with immediate effect. ... Continue Reading »
Outlook: Wildfire Activity Increasing Across Western US
Key Headlines: Current Fire Activity Increasing: Fire activity continued to increase significantly across the West during July. The onset of the seasonal monsoon effectively moderated fire activity in the Four Corners Region, while warm temperatures fueled large and damaging wildfires in California and the Pacific Northwest. The Dixie Fire in California has become ... Continue Reading »
Week’s Top Stories: August 7–13, 2021
2021 Global Large Loss Activity/COVID-19 Losses: Hailstorms, heavy rains and tornadoes in parts of France, Belgium, the Netherlands, Switzerland, Germany, the Czech Republic and elsewhere in Europe (between June 21 and July 1) could increase the insured loss estimate by over USD 2.5 billion. Read the article » 2021 Mid-Year Reinsurance Renewal: A year after the onset of ... Continue Reading »
Video: What Lessons Can We Take From the COVID-19 Experience to Globally Mobilize a Whole-of-Society Response?
In this video, Jessica Turner, Managing Director, Catastrophe Advisory, Guy Carpenter, and Josh Darr, Head of North America Peril Advisory, Guy Carpenter, relate how society mobilized and came together in the pursuit of the same goal in response to COVID, demonstrating that we can use the same focus towards the next group of challenges around climate change, biodiversity, ... Continue Reading »
