The COVID-19 pandemic clearly presents significant challenges to insurers, but it is also becoming increasingly clear that (re)insurers are likely entering a far more favorable underwriting environment. After years of relative stability brought about by strong capitalization, the landscape for the sector has undeniably changed, with pressure on the asset side of balance sheets ... Continue Reading »
Property
Mid-Year 2020 Reinsurance Renewal: Overview
GC Capital Ideas recently featured three posts covering some of Guy Carpenter's observations on the mid-year 2020 reinsurance renewals. ... Continue Reading »
Review of Climate Change Risks on GC Capital Ideas
Here we highlight the recent stories that GC Capital Ideas has presented on managing risks associated with climate change. ... Continue Reading »
Why We Need Community-Based Catastrophe Insurance
The impacts of COVID-19 on individuals, communities and insurers are continuing to unfold and no doubt present uncertainty. However, the current disruption also serves to highlight the importance of lessening reliance on federal financial relief and, instead, creating financial resilience at the community level. As disaster losses escalate around the globe, the difference ... Continue Reading »
CAT-i Bulletin: Hurricane Sally
Hurricane Sally made landfall around 5:45 AM EDT on September 16 as a category-2 hurricane, with maximum sustained winds of 105 mph. The core of Sally moved ashore over Orange Beach, Alabama after gaining strength on its final approach to the coast. The slow forward motion of the storm together with its gain in intensity brought prolonged periods of heavy rainfall, storm surge ... Continue Reading »
Atlantic Alphabet Exhausted; Cat-4 Teddy to Approach Bermuda, Wilfred & Alpha form, Beta Likely this Weekend
The hyperactive Atlantic season continues unabated. Category-4 Teddy will track close to Bermuda as a major hurricane Sunday night. Tropical Storm Wilfred formed today in the deep tropics and is no risk to land while Subtropical Storm Alpha formed just off the coast of Portugal. Tropical Depression Twenty-Two is likely to become Beta over the weekend and needs to be mo ... Continue Reading »
Silent Cyber – No Longer Silent?
Silent (or non-affirmative) cyber refers to cyber-related exposure within many all-risk general insurance products. ... Continue Reading »
Hurricane Sally Makes Category-2 Landfall Near Gulf Shores, Alabama
Hurricane Sally made landfall at 4:45 am local time near Gulf Shores, Alabama as a Category-2 Hurricane. Sally is the fourth hurricane to make landfall in the continental U.S. this year and is the first hurricane to make landfall in Alabama since Hurricane Ivan in 2004. Sally is forecast to move inland slowly today while weakening, before regaining forward speed along a ... Continue Reading »
How Businesses Can Overcome Barriers to Achieving Climate Goals
As climate change and the associated increase in natural catastrophe events alters the contemporary risk landscape, there is now an opportunity for companies to partner with the (re)insurance market and put its expertise to work. According to a recent survey of hundreds of business executives and thought leaders, many are taking the right steps to reach their goals. However ... Continue Reading »
Hurricane Sally on Final Approach to Central Gulf Coast
Hurricane Sally is now drifting in the northern Gulf of Mexico as a category-1 hurricane, and expected to begin a slow turn to the northeast over the coming hours. The hurricane is forecast to make landfall very early Wednesday morning. The slow forward motion of the system will bring prolonged periods of heavy rainfall to amplify the threat for inland flooding. Wind impacts ... Continue Reading »
