Here GC Capital Ideas brings together recent posts highlighting selected territories’ renewals. Japan: Prices increased in the range of 5 percent to 12 percent for loss-free programs covering catastrophe excess of loss windstorm, though there were outliers at either end of these ranges where specific factors applied. The average price for Japanese windstorm is now at a 25 ... Continue Reading »
Japan
April 2021 Reinsurance Renewals: Japan
At the April 1 reinsurance renewals, property catastrophe pricing increased for the third year in a row. Following the first loss-free year since 2018, there was some consolation for buyers in that the average increase was the lowest of the past three years. Rates moved up on average by a small percentage for mutual buyers. ... Continue Reading »
CAT-i Bulletin: Mw 7.1 Fukushima Earthquake, Japan February 13
The Fukushima Mw 7.1 earthquake occurred at 23:07 local time (14:07 UTC), on Saturday February 13. The United States Geological Survey (USGS) reported the epicenter to be 96.6 km southeast of Sendai, Japan at a depth 49.9 km. The Japan Meteorological Agency (JMA) reported this event to be Mj 7.3, at a depth of 55 km. Multiple aftershocks occurred within less than an hour, and ... Continue Reading »
Guy Carpenter Appoints Head of Japan
Guy Carpenter today announced the appointment of Pietro Toffanello as Head of Japan in the first quarter of 2021. ... Continue Reading »
CAT-i Bulletin: Typhoon Haishen
Typhoon Haishen made landfall near Ulsan, South Korea around 9 AM GMT+9 Monday, with 1-minute maximum sustained winds of around 155 km/hr (96 mph) prior to landfall, a category-2. About six hours before landfall, the storm brushed past Japan’s Kyushu Island. Haishen hit areas already affected by typhoon Maysak, and flood effects were further amplified by prior monsoon activity ... Continue Reading »
Typhoon Haishen/Maysak – Korean Peninsula & Japan
Typhoon Haishen is an escalating threat to portions of Japan and the Korean Peninsula over the coming days, with the threat of destructive winds and heavy rainfall. This threat comes after Typhoon Maysak followed a similar track earlier in the week, with reports of heavy rainfall and inland flooding, and wind damage with downed trees and powerlines. Typhoon Haishen is ... Continue Reading »
Diversity is Key to a Successful Business
To tackle gender and diversity issues, corporate commitment goes a long way. Guy Carpenter has been at the forefront of this change, instituting policies that encourage, nurture, and ensure diversity in the workplace. “Our goal is to have a workforce that is representative of the society that we live in. We look at ways to unlock the full potential of our workforce by ... Continue Reading »
2020 Western North Pacific Tropical Cyclone Predictions
The Guy Carpenter Asia-Pacific Climate Impact Centre (GCACIC) at the School of Energy and Environment, City University of Hong Kong, has released its 2020 predictions for tropical cyclone formations and landfalls using a regional climate model focusing on East Asia. This model uses information from a global climate prediction model made available in March 2020. ... Continue Reading »
CAT-i Bulletin: Super Typhoon Hagibis
Typhoon Hagibis made landfall in Japan as a category-2 on the Izu Peninsula in the Shizuoka Prefecture on October 12 around 7 PM local time. Large stretches of the country were hit by strong winds and torrential rainfall, and the Japan Meteorological Agency issued warnings and advisories affecting all prefectures in the Honshū, Kyushu, Shikoku and Hokkaido Islands. The highest ... Continue Reading »
Weather Sentinel: Super Typhoon Hagibis Closes in on Japan
Hagabis, a category 5 Super Typhoon for much of the first half of this week, is forecast to track towards Japan with a potential landfall on Saturday morning October 12. Fortunately, the forecast calls for Hagabis to weaken to a category 3 typhoon by landfall. If the forecast for Hagabis verifies, it would be the sixth typhoon of the 2019 season to directly impact Japan and one ... Continue Reading »
