Catastrophe Risks

COVID-19 Underscores Business Continuity Plans' Value, Insurance Needs

January 4, 2021

Confronted with the COVID-19 pandemic, many risk managers' immediate response was to prioritize their organizations' people, while business continuity plans that were developed as part of enterprise risk management efforts helped address pandemic-related disruptions, according to a recent survey. The Federation of European Risk Management Associations survey underscored risk management tools' importance. Read More

COVID-19, Changing Risks Will Add Complexity to Reinsurance Renewals

November 25, 2020

January 1 reinsurance renewals and related negotiations will likely be lengthier and more complex than in prior years, according to a new report from Guy Carpenter. The intermediary cites several factors that will contribute to the complexities around coming renewals, including slow and uncertain COVID-19 loss development. Read More

Google Parent Explores Captive-Sponsored Catastrophe Bond Solution

November 16, 2020

Alphabet, Inc., is reportedly in the process of sponsoring a $237.5 million captive-sponsored catastrophe bond to cover its California earthquake exposure. A story on the website explains that Alphabet will use its Hawaii-domiciled captive insurance company, Imi Assurance, Inc., to act as fronting insurer for the risk. Read More

Pandemic Disruptions Highlight Need for Supply Chain Resilience

November 11, 2020

As the world grapples with new spikes of the COVID-19 pandemic, it's important to consider the disruptions such global crises can cause to organizations' supply chains. The COVID-19 pandemic created severe disruptions for many organizations' supply chains, and it's likely that a similarly disruptive event will occur in the future. Read More

Benefits Captives' Value Grows with Rising Medical Costs and COVID-19

November 9, 2020

Continued increases in medical costs coupled with the ongoing impacts of the COVID-19 pandemic create significant stressors for employers providing healthcare benefits. Increasingly, including a captive insurance company in some employee benefits offerings can be a sound strategy for many of those employers. Read More