Guy Carpenter announced the launch of its Asia Pacific Catastrophe Advisory Group, with the appointment of Jeremy Waite to lead this new operation. ... Continue Reading »
Property
What If We Applied the Urgency of Solving COVID to Climate Change?
It is crucial that companies and the (re)insurance market incorporate climate change into business considerations as investors, ratings agencies and financial regulators apply pressure on firms. ... Continue Reading »
Engaging Stakeholders Is Key in Implementing Community-Based Catastrophe Insurance Programs
A new report from Guy Carpenter, Marsh & McLennan Advantage, and the Wharton Risk Management and Decision Processes Center, Community-Based Catastrophe Insurance: A Model for Closing the Disaster Protection Gap, sets out an innovative model to deliver insurance and help communities close the disaster protection gap. ... Continue Reading »
CAT-i Bulletin: Severe Hail Activity – U.S. Southern Plains April 28
Severe thunderstorms on April 28 produced heavily clustered hail reports in the U.S. Southern Plains. Significant hail of two inches diameter or more was reported, especially in Texas and Oklahoma, with some reports of destructive hail of up to four inches diameter. Impacts are apparent in the areas of San Antonio, Dallas-Fort Worth and Oklahoma City. The activity was initiated ... Continue Reading »
Climate Change Is a Health Crisis. How Can Health Care and Life Sciences Respond?
It is crucial that companies and the (re)insurance market incorporate climate change into business considerations as investors, ratings agencies and financial regulators apply pressure on firms. Climate change will also impact health and life sciences stakeholders via more frequent and severe disruptions, according to Kavitha Hariharan, Director of Health Societies, Marsh ... Continue Reading »
Accessing Capacity for Community-Based Catastrophe Insurance Programs
Community-based catastrophe insurance (CBCI) solutions have the potential to enhance the financial resilience of communities and their residents, provide affordable and reliably available disaster insurance, and create incentives for community-level and individual risk reduction. Accessing insurer, reinsurer or capital market capacity can present varying benefits and ... Continue Reading »
April 2021 Reinsurance Renewals: Korea
Prior to the April 1 reinsurance renewals in Korea, expectations for pricing increases were quite high. While Korea had not experienced any impactful losses in recent years, a mid-sized typhoon, heavy rain losses and several large single losses occurred in 2020, influencing the pre-renewal expectations. However, capacity was more than sufficient and certain markets were ... Continue Reading »
Guy Carpenter Appoints Global Co-Heads of Cyber
Guy Carpenter announced the appointment of Anthony Cordonnier as Managing Director and Global Co-Head of Cyber, effectve the second half of 2021, and the promotion of Erica Davis to Global Co-Head of Cyber, effective immediately. ... Continue Reading »
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 »
GC Capital Ideas Top Climate Change Insights
The 2021 Global Risks Report posits that climate change impacts cannot be ignored. Here we bring together a roundup of recent GC Capital Ideas posts focusing on climate change. The 2021 Global Risks Report is published by the World Economic Forum with support from Marsh McLennan. A Hot Opportunity – Four Trillion Reasons To Accelerate the Energy Transition: Today, it is ... Continue Reading »
