Category Archives: Weather risk

Seasonal climate forecast for Europe

A thermometer in a window, showing a temperature of -25°C

At this time of year, in the midst of contract renewals, property insurers are keeping an eye on the long-range forecasts for the rest of the winter in Europe. We’ve all seen the headlines in the tabloids about the next … Continue reading →

Assessing the aftermath: Lessons learned from Hurricane Irma

hurricane irma risk mitigation

Soon after hurricane Irma struck, Willis Re sent a team to survey the property damage in southwest Florida. After four days, and 900 miles, the team completed its assessment, which can be found here. Among the key lessons learned was … Continue reading →

Post-hurricane confusion in the energy insurance markets: 3 reasons why a market turn is too early to call

post-hurricane

Energy insurers were in a bullish mood as delegates gathered at the critical Baden-Baden reinsurance meeting last week. Their frame of mind didn’t come as a surprise, given all the media speculation on how insurance markets will respond in the … Continue reading →

A hurricane season of record-breaking storms – Part 2: What will the future hold?

This is a continuation of a previous blog post, A hurricane season of record-breaking storms – Part 1: Historical context With every large storm, there are always questions concerning climate change. Can storms such as those we’ve seen in recent … Continue reading →

A hurricane season of record-breaking storms – Part 1: Historical context

Hurricane season 2017 will leave many scars. A succession of September Hurricanes have left trails of devastation across many Caribbean Islands, as well as caused widespread flooding and loss across many southern states of the U.S. In fact, it was … Continue reading →

The 2017 hurricane season: Will it transform the energy insurance markets?

In the aftermath of hurricanes Harvey and Irma, the thoughts of our colleagues in the energy sector and insurance market are quite rightly directed towards the human tragedy that’s unfolding as new details of the death and destruction wrought by … Continue reading →

Deadly Hurricane Irma continues towards Florida

Sitting in a conference hall at Columbia University seems far away from violence and destruction being caused by Major Hurricane Irma. However, this conference (The Workshop on Atlantic Climate Variability – Dynamics, Prediction and Hurricane Risk) hosts some of the … Continue reading →

Hurricane Harvey – More exposures in the mix than just water and wind!

The full damage and devastation caused by Hurricane Harvey is not yet known and will likely be felt for months to come. While the most pressing issues facing Insureds at this time are the devastating impacts of water and/or wind … Continue reading →

Peak hurricane season is approaching. What can we expect?

Two months of 2017 Atlantic Hurricane season down, four more to go. With the peak of this year’s hurricane season yet to pass, so far we have seen seven named storms. None of these storms have become hurricanes, but echoes … Continue reading →

Hurricane preparedness for homes and businesses

Atlantic hurricane season is under way and will run through the end of November. While peak season is usually in August, September and October, hurricane preparedness, for personal and business properties, should be done well in advance of any forecasted … Continue reading →