Marsh provide advice in advance of hurricane season


A panel of experts from Marsh & McLennan Companies, Inc. who met yesterday to discuss their views on property insurance availability, claims management, and reinsurance in advance of the 2008 hurricane season.

Kevin Stokes, Leader of Guy Carpenter’s Global Property Specialty Practice as well as its Florida Operating Committee commented on insurers continuing to access the capital markets by issuing catastrophe bonds in order to supplement their reinsurance. “Interest in this market will continue to expand, although not significantly,” Mr. Stokes said, an interesting statement as far as I’m concerned as with cat bonds making up 8% of coverage currently I’d expect that to grow to double figures very quickly (which is fairly significant).

You can listen to the full audio webcast at the link below.

MMC 2008 Hurricane Season Media Briefing

The press release is available here.

Don’t forget that the Atlantic hurricane season begins on June 1st and as soon as a storm happens we’ll be updating our storm season page to help you keep abreast of the impacts.

Artemis catastrophe bond ILS DashboardAnalyse catastrophe bond market issuance using the Artemis Dashboard and Charts.

We’ve tracked more than 650 cat bonds and related ILS transactions since 1996, all of which are included in our extensive Deal Directory.

Use the Artemis Dashboard and our Cat Bond Market Charts to analyse this market!

Print Friendly, PDF & Email

Artemis Newsletters and Email Alerts

Receive a regular weekly email newsletter update containing all the top news stories, deals and event information

  • This field is for validation purposes and should be left unchanged.

Receive alert notifications by email for every article from Artemis as it gets published.

Read previous post:
Hannover Re issue property-catastrophe sidecar Globe Re

Hannover Re have stepped into the alternative market again by sponsoring a 1 year retrocessional sidecar Globe Re. The deal...