Chart: Global Property Catastrophe ROL Index: The Guy Carpenter Global Property Catastrophe Rate on Line (ROL) index is presented for 1990 through 2019. View the chart >> 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 ... Continue Reading »
Week in Review
Week’s Top Stories: September 28 – October 4, 2019
Global Climate Regulation Looms on the Horizon. Are Banks and Insurers Ready? Many of the world’s leading banks and insurers are busy finalizing their response plans to the Bank of England’s innocuous-sounding supervisory statement number SS3/19. It sets out the regulator’s expectations for how banks and insurers should manage the financial risks of climate change, including mod ... Continue Reading »
Week’s Top Stories: September 21 – 27, 2019
CAT-i Bulletin: Hurricane Lorena: In the East Pacific Basin, Hurricane Lorena affected the Pacific Coast of Mexico south of Puerto Vallarta before approaching the Baja California Peninsula as a category-1 hurricane over the weekend. Initial media reports indicate some flooded homes and roadways along with some property damage due to wind for affected areas. Read the article ... Continue Reading »
Week’s Top Stories: September 14 – 20, 2019
Monte Carlo: GC@MC Commentary Roundup: Here we highlight the most popular stories among last week’s GC@MC series, which featured our review of critical issues shaping the reinsurance industry that were the focus of discussions at the Rendez-Vous de Septembre. Read the roundup >> Escalating Tropical Activity – Bermuda, Mexico, Texas, Caribbean: Several tropical sto ... Continue Reading »
Week’s Top Stories: September 7 – 13, 2019
CAT-i Bulletin: Hurricane Dorian: Hurricane Dorian was a long-lived and historic storm that rendered impacts from the Caribbean to Atlantic Canada between August 24 and September 7. It is evident from media reports that the most severe impacts occurred in the northwestern Bahamas where complete destruction of property and infrastructure was reported in Grand Bahama and Abaco ... Continue Reading »
Week’s Top Stories: August 31 – September 6, 2019
Weather Sentinel: Dorian Intensifies towards the Carolinas: Dorian regained major category 3 strength overnight as it tracks perilously close, if not over, the coast of the Carolinas this evening. If Dorian retains this strength to the coast, it will be the first category 3 hurricane to make landfall in the Carolinas since Fran in 1996. Peak perils of risk that carry high c ... Continue Reading »
Week’s Top Stories: August 24 – 30, 2019
Hurricane Dorian – Confidence Increasing for Florida Landfall as a Major Hurricane: Weather models are raising confidence and concern that Hurricane Dorian will make an eastern Florida landfall as a major hurricane, between late Sunday and early Tuesday, of the coming Labor Day weekend. Several critical aspects of the forecast that are being analyzed to gain further confidence i ... Continue Reading »
Week’s Top Stories: August 17 – 23, 2019
Guy Carpenter Selected by CEA on Wildfire Fund Reinsurance and Risk Transfer Program: Guy Carpenter & Company today announced its appointment as the sole reinsurance intermediary for the newly formed California Wildfire Fund, which is currently being administered by the California Earthquake Authority. Read the article >> Global Insurance Prices Are on the Rise: ... Continue Reading »
Week’s Top Stories: August 10 – 16, 2019
Weather Sentinel: Significant Wildfire Potential Outlook; August 2019: Moving into the late summer, weather patterns are favoring seasonal dryness in the western United States, where moderate to severe drought is persisting in the Pacific Northwest, and fuels are drying out and becoming receptive to fire. While fire activity has been slightly below average to date in 2019, the ... Continue Reading »
Week’s Top Stories: August 3 – 9, 2019
Threat of Cyber Incidents on the Rise: The nature of the terrorism threat facing society has changed considerably in the last 20 years. Previously, governments and (re)insurers structured their mitigation strategies and responses to deal with attacks that were large in scale. Read the article >> Life Insurance Insights: Here we review recent stories on GC Capital ... Continue Reading »
