Industry Loss Warranties (ILW) Consistent with seasonal trading patterns, ILW activity tailed off in the third quarter relative to pre-U.S. wind season levels. Prices were driven down by increased available capacity (from sellers looking to take advantage of price increases available at the conclusion of the first quarter) and a demand reduction from protection buyers as the ... Continue Reading »
GC LiveCat
2010 Hurricane Season Begins: Knowing, Understanding and Better Managing the Risks, Part IV: Tools for Understanding and Managing Risk
Lara Mowery, Managing Director and Julian Alovisi, Senior Vice President Contact Guy Carpenter offers the solutions to help (re)insurers manage the risks associated with hurricane exposures and preparedness through our forward looking hazard forecasting tools. Assessing the impact and potential loss damage of hurricane activity on a risk portfolio can now be accomplished with ... Continue Reading »
Near-Term Capital Management: Hidden Opportunity
Michelle Harnick, Managing Director Contact We've had a fairly quiet catastrophe year, making it easy for risk managers to slip into a false sense of comfort. But, the situation could have been much different, especially if Hurricane Bill had taken a slightly altered course. A single storm can affect the insurance industry profoundly, especially if it makes landfall where there ... Continue Reading »
Update: Hurricane Bill
Hurricane Bill is currently located approximately 810 miles (1,305 kilometers) east of the Leeward Islands and packs sustained winds of around 100 mph (160 kmph), according to the National Hurricane Center (NHC). Bill is travelling in a west-northwest direction and this motion is expected to continue for the next day or so with a gradual turn to the northwest later this week. ... Continue Reading »
Hurricane Bill
Hurricane Bill is currently located approximately 1,160 miles (1,870 kilometers) east of the Lesser Antilles and packs sustained winds of around 75 mph (120 kmph), according to the National Hurricane Center (NHC). Bill is travelling in a west-northwest direction and this motion is expected to continue over the next 48 hours as the storm tracks over the central Atlantic Ocean. ... Continue Reading »
Guy Carpenter LiveCat™ Hurricane Index
Michelle Harnick, Managing Director Contact The Guy Carpenter Hurricane Index helps (re)insurers assess the potential losses from hurricanes making landfall in the Atlantic Basin by defined regions: Northeast, Southeast, Florida, and Gulf. Guy Carpenter created this index in response to the (re)insurance industry's questions about the credibility of catastrophe models after the ... Continue Reading »
GC LiveCat Turns Last-Minute Decisions into a Competitive Advantage
Michelle Harnick, Managing Director Contact A hurricane is headed toward a coastal urban center, bringing with it the likelihood of outsized insured losses. The storm is heading into Galveston, Texas. The risk manager, tracking the situation, is concerned that the storm could strike a heavily exposed region. At this point, one of three situations could occur: (1) the storm does ... Continue Reading »
Enhance Capital Productivity When a Hurricane Is Coming
Michelle Harnick, Managing Director Contact September 2008 brought two major shocks to the global (re)insurance industry. The financial catastrophe captured the headlines, ultimately depleting reinsurer capital by 18 percent, as measured by the Guy Carpenter Global Reinsurance Composite. At the same time, Hurricane Ike pushed through the Gulf of Mexico eventually costing ... Continue Reading »
Beware the Benign Hurricane Forecast
Michelle Harnick, Managing Director Contact The 2009 hurricane season is expected to be moderate, but that's no reason to let your defenses down. In setting your expectations for the coming months, it pays to consider severity as well as frequency. Most major forecasts address the number of storms anticipated -- but they don't account for severity. A mild Atlantic hurricane ... Continue Reading »
Solution Spotlight: GC LiveCat™ and GC ForeCat™
GC LiveCat and GC ForeCat help you assess the impact of Atlantic hurricane activity—and potential losses—on your U.S. risk portfolio. With deeper detail, Guy Carpenter’s clients now have access to improved risk management capabilities, enabling them to manage their reinsurance purchases more effectively. GC ForeCat offers a detailed monthly pre-season hurricane landfall rate for ... Continue Reading »
