Any hurricane can produce wind, surge and inland flood impacts. The severity and scope of impacts is not always consistent with rating on the Saffir-Simpson scale, particularly for surge as we have seen with Katrina (2005) and Sandy (2012). ... Continue Reading »
Superstorm Sandy
When Contract Certainty Isn’t So Certain
Richard Banyard, Senior Vice President, Lance Finley, Managing Director, Jane Furnas, Senior Vice President and Scott VanKoughnett, Senior Vice President Contact Insurance policies are carefully drafted to outline coverage that is needed by policyholders while also specifying those areas where coverage is not expected to apply - the goal is to provide contract certainty, not in ... Continue Reading »
Guy Carpenter Reveals Findings of Damage Survey in Sandy-Impacted Northeast
Guy Carpenter & Company released a comprehensive assessment of the damage resulting from Superstorm Sandy, highlighting meteorological aspects of the storm and detailed observations of some of the most severely impacted areas across the Northeast. ... Continue Reading »
CAT- i Reports in Second Half 2012
Here we review all of the CAT-i report events that appeared on GC Capital Ideas in the second half of 2012. Floods in Eastern Australia, February 1: Ex-tropical cyclone Oswald tracked over parts of Queensland and New South Wales in eastern Australia between January 23 and January 30, resulting in widespread damage from flooding, severe storms and tornadoes. Floodwaters in some ... Continue Reading »
Chart: Long-Term Evolution of Shareholders’ Funds, 1998 to Q3 2012
Dedicated reinsurance capital was at a record high immediately prior to Superstorm Sandy. ... Continue Reading »
January 1, 2013 Renewals Bring Stable Reinsurance Pricing
Guy Carpenter reports that the reinsurance sector enters 2013 equipped with ample dedicated capital and stable pricing. In its 2013 global renewal report, The Route to Profitable Growth, Guy Carpenter finds that the January 1, 2013 renewals took place against a stable backdrop, with only loss-affected lines and select regions experiencing price volatility. The market was ... Continue Reading »
Superstorm Sandy: Initial Impacts and Implications
Guy Carpenter has published a new briefing: Superstorm Sandy: Initial Impacts and Implications ... Continue Reading »
