Category: Formation
Engineering reinsurance pricing was flat at the January 1, 2012, reinsurance renewal – for general treaty, catastrophe excess of loss and per risk. For loss-affected programs, the losses realized…
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GCCapitalIdeas.com
for Thursday, 15 December 2011 [7:00 PM PhT] Typhoon2000 (T2K) NEWS (Wednesday Dec 14 2011): Currently issuing 6-hrly web, email, & iTyphoon app updates (except 12:00 Midnight) on WASHI (SENDONG). WASHI (SENDONG) MAX WIND SPEED PER AGENCY: + USA (JTWC/1-min avg): 65 km/hr+
Bushman’s Typhoon Blog
for Friday, 16 December 2011 [7:30 AM PhT] Typhoon2000 (T2K) NEWS (Wednesday Dec 14 2011): Currently issuing 6-hrly web, email, & iTyphoon app updates (except 12:00 Midnight) on WASHI (SENDONG). WASHI (SENDONG) MAX WIND SPEED PER AGENCY: + USA (JTWC/1-min avg): 75 km/hr+
Bushman’s Typhoon Blog
for Friday, 16 December 2011 [12:51 PM PhT] Typhoon2000 (T2K) NEWS (Wednesday Dec 14 2011): Currently issuing 6-hrly web, email, & iTyphoon app updates (except 12:00 Midnight) on WASHI (SENDONG). WASHI (SENDONG) MAX WIND SPEED PER AGENCY: + USA (JTWC/1-min avg): 85 km/hr+
Bushman’s Typhoon Blog
The general casualty business in the Asia Pacific region continues to develop in a highly competitive environment. The significant competition among local, regional and global players in the primary…
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GCCapitalIdeas.com
for Friday, 16 December 2011 [6:42 PM PhT] Typhoon2000 (T2K) NEWS (Wednesday Dec 14 2011): Currently issuing 6-hrly web, email, & iTyphoon app updates (except 12:00 Midnight) on WASHI (SENDONG). WASHI (SENDONG) MAX WIND SPEED PER AGENCY: + USA (JTWC/1-min avg): 85 km/hr+
Bushman’s Typhoon Blog
According to iWeather Online’s Peter O’Donnell: “Latest indications show that Maria may make landfall around Placentia Bay in southeast Newfoundland around 1930 GMT (which would be 5 p.m. local time) and then move north towards Bonavista before being absorbed by a strong low near the Labrador coast.”
Maria is the thirteenth named storm of the 2011 Atlantic hurricane season and first emerged as a vigorous tropical wave in the far eastern Atlantic on September 5. The system quickly organized and was designated Tropical Depression Fourteen on September 6, before strengthening into a tropical storm the next day.
UK Motor
Rate increases were higher than in recent years at the January 1, 2012, reinsurance renewal for UK motor, due in part to primary market dynamics.
The UK primary market saw price increases…
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GCCapitalIdeas.com
for Saturday, 17 December 2011 [1:30 AM PhT] Typhoon2000 (T2K) NEWS (Wednesday Dec 14 2011): Currently issuing 6-hrly web, email, & iTyphoon app updates (except 12:00 Midnight) on WASHI (SENDONG). WASHI (SENDONG) MAX WIND SPEED PER AGENCY: + USA (JTWC/1-min avg): 95 km/hr+
Bushman’s Typhoon Blog
Miami (CNN) — Rina strengthened to a Category 1 hurricane off the coast of Central America on Monday, as officials in Nicaragua searched for more than two dozen missing storm evacuees.
A navy boat ferrying people between the Miskito Cays and Puerto Cabezas, on the eastern coast, was reported missing on Sunday, according to Vice Adm. Roger Gonzalez of the Nicaraguan navy. Twenty-seven people were on board, he said.
Forecasters warn that the storm will strengthen further before making landfall later this week.
Readings from a reconnaissance aircraft showed the storm had 75 mph maximum sustained winds, according to the National Hurricane Center in Miami. As of 5 p.m. ET, Rina was centered about 195 miles southwest of Grand Cayman island and 355 miles east-southeast of Chetumal, Mexico.
The storm was moving west-northwest at 3 mph, the forecast center said, and could strengthen to a Category 3 hurricane in the next 48 hours.
Earlier Monday, forecasters said Rina’s projected path had shifted course, menacing Mexico with the possibility of strong winds and heavy rainfall. The storm is expected to dump between 2-4 inches of rain over the Cayman Islands.
Rina could make landfall this week in Mexico’s Yucatan Peninsula — home to Cancun and many of Mexico’s top tourist spots.
“It is too early to speculate what, if any effects Rina will have on the U.S., but after the storm makes landfall in the Yucatan, the combination of land interaction and high shear that is forecast into the Gulf of Mexico is expected to weaken Rina as it begins to turn towards the northeast towards Cuba, or perhaps South Florida or the Bahamas,” said CNN meteorologist Dave Hennen.
Flood-soaked Central America also braced for more rain Monday as Rina lumbered toward land.
In Nicaragua and Honduras, where flooding and mudslides have affected thousands and killed dozens of people, authorities issued alerts warning residents that more precipitation could be on the way.
October marks the end of the rainy season in the region and is when the area is most susceptible to flooding because the ground is already saturated, CNN International weather anchor Mari Ramos said.
Heavy rains have hit Honduras for several weeks, killing at least 29 people, according to government statistics.
In Guatemala, 39 people have been killed and thousands remain at risk, the state-run AGN news agency reported.
Civil protection officials in El Salvador reported 34 rain-related deaths. And Nicaragua has reported at least 12 deaths.
