Webinar – 2012 Half-Year Natural Catastrophe Review

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2012 Half-Year Natural Catastrophe Review

13 July 2012

Running time: 63 minutes

Munich Re and the Insurance Information Institute jointly present an overview of natural catastrophe activity for the first six months of 2012.

About this event

While the first six months of 2012 do not nearly reach the record-setting levels of 2011, wildfire, thunderstorm, drought and hurricane activity during this period continues a trend of rising frequency and loss accumulation. With the largest wildfire in New Mexico history, the most damaging wildfire in Colorado history, and extreme flooding in Florida, losses continue to mount.

Webinar topics

  • Overview of US natural catastrophe activity including a review of Tropical Storms Beryl and Debby and an update on the impact of “local” severe-weather events
  • Overview of global catastrophe activity including major global events and a comparison of first-half activity with prior years
  • Economic implications of US natural catastrophes for first half of 2012
  • Impacts of high catastrophe losses on underwriting performance and profitability of the US P/C insurance industry in 2012 and historically

Presenters/Agenda

Carl G. Hedde.
US Catastrophe Update:
Carl G. Hedde, CPCU
Head of Risk Accumulation Munich Reinsurance America, Inc.
Ernst Rauch.
Global Catastrophe Update:
Ernst Rauch
Head of Corporate Climate Center
Munich Re
Robert P. Hartwig.
Economic Implications:
Robert P. Hartwig, CPCU
President & Economist,
Insurance Information Institute

In the US, Munich Re provides access to a full range of property-casualty reinsurance and specialty insurance products through Munich Reinsurance America, Inc., American Modern Insurance Group and Hartford Steam Boiler Group. Together, we deal with the issues that affect society and work to devise cutting-edge solutions that render tomorrow’s world insurable. Munich Reinsurance America, Inc. has been successfully addressing the key challenges of the future since 1917. Our clients trust us to develop solutions for the whole spectrum of reinsurance – from traditional reinsurance agreements to the management of complex specialty reinsurance risks. Our recipe for success: we anticipate risks early on and deliver solutions tailored to clients’ needs, creating opportunities to achieve sustained profitable growth.

The Insurance Information Institute (I.I.I.) is a nonprofit, communications organization supported by the insurance industry. Its mission is to improve public understanding of insurance -- what it does and how it works. For nearly 50 years, the I.I.I. has provided definitive insurance information. Today, the I.I.I. is recognized by the media, governments, regulatory organizations, universities and the public as a primary source of information, analysis and referral concerning insurance.

Contact

For press information, please contact
Terese Rosenthal
Phone: +1 609 243-4339


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