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GA2013-Warming of the Oceans

GA2013-Warming of the Oceans

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Published by Alan Farago
Recent report by re-insurance industry on global warming risks.
Recent report by re-insurance industry on global warming risks.

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Categories:Types, Business/Law
Published by: Alan Farago on Jul 29, 2013
Copyright:Attribution Non-commercial

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09/24/2013

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 Warming of the Oceansand Implications for the (Re)insurance Industry 
A Geneva Association Report
J   
 
The Geneva Association
 
(The International Associationfor the Study of Insurance Economics)
The Geneva Association is the leading international insurance think tank for strategically important insuranceand risk management issues.
The Geneva Association identies fundamental trends and strategic issues where insurance plays a substantialrole or which inuence the insurance sector. Through the development of research programmes, regular  publications and the organisation of international meetings, The Geneva Association serves as a catalyst for 
 progress in the understanding of risk and insurance matters and acts as an information creator and disseminator.
It is the leading voice of the largest insurance groups worldwide in the dialogue with international institutions.In parallel, it advances—in economic and cultural terms—the development and application of risk management
and the understanding of uncertainty in the modern economy.
The Geneva Association membership comprises a statutory maximum of 90 Chief Executive Ofcers (CEOs)from the world’s top insurance and reinsurance companies. It organises international expert networks and managesdiscussion platforms for senior insurance executives and specialists as well as policy-makers, regulators andmultilateral organisations. The Geneva Association’s annual General Assembly is the most prestigious gatheringof leading insurance CEOs worldwide.Established in 1973, The Geneva Association, ofcially the “International Association for the Study of InsuranceEconomics”, has ofces in Geneva and Basel, Switzerland and is a non-prot organisation funded by its members.
Chairman:
 Mr Mike
McGavick 
, CEO, XL Group plc, Hamilton.
Vice Chairmen:
Mr Michael
Diekmann
, Chairman of the Management Board, Allianz SE, Munich; Mr John
Strangfeld
, Chairman and CEO, Prudential Financial Inc., Newark; Mr Shuzo
Sumi
, Member of the Board andPresident, Tokio Marine & Nichido Fire Insurance Company Ltd, Tokyo.
 Members of the Board:
Dr Carlo
Acutis
, Vice President, Vittoria Assicurazioni S.p.A., Turin; Mr Henri
deCastries
, Chairman of the Management Board and CEO, AXA Group, Paris; Mr Patrick 
de Larragoiti Lucas
,President, Sul America Seguros, Rio de Janeiro; Mr Mario
Greco
, Group CEO, Generali Assicurazioni S.p.A.,Milan; Mr Donald
Guloien
, President and CEO, Manulife Financial Corporation, Toronto; Prof. Denis
Kessler
,Chairman and CEO, SCOR, Paris; Mr Michel
Liès
, Group CEO, Swiss Reinsurance Company Ltd, Zurich;
Mr Martin
Senn
, CEO, Zurich Financial Services, Zurich; Mr Esteban
Tejera Montalvo
, First Vice Chairman,MAPFRE, Madrid; Mr Tidjane
Thiam
, Group Chief Executive, Prudential plc, London; Dr Nikolaus
vonBomhard
, Chairman of the Board of Management, Munich Re, Munich; Dr Richard
Ward
, CEO, Lloyd’s, London;
Mr Mark 
Wilson
, CEO, Aviva Plc, London; Dr Yan
Wu
, Chairman and President, The People’s InsuranceCompany (Group) of China Ltd., Beijing.
 Secretary General:
Mr John H.
Fitzpatrick 
, Basel/Geneva.
 Deputy Secretary General and Head of Research:
Dr Shaun S.
Wang
, Geneva.
Vice Secretaries General:
Prof. Jan
Monkiewicz
(Head of PROGRES and Liaison—Eastern Europe), Warsaw;Dr h.c. Walter R.
Stahel
(Head of Risk Management), Geneva.
 Heads of Programmes and Research Directors:
Dr Etti
Baranoff 
(Research Director for Insurance and Finance),Richmond, VA; Dr Christophe
Courbage
(Head of Health and Ageing and Insurance Economics), Geneva;
Mr Daniel
Haefeli
(Head of Insurance and Finance), Geneva; Mr Anthony
Kennaway
(Head of Communications),Geneva; Prof. Krzysztof 
Ostaszewski
(Research Director for Life and Pensions), Normal, IL.
 Special Ofcers:
Mr Katsuo
Matsushita
(Liaison—Japan & East Asia), Yokohama; Mr Richard
Murray
(Headof Liability Regimes Project), New York; Dr Hans Peter 
Würmli
(Chairman of Chief Risk Ofcers Network),Zurich.
Chairman of the Scientic Advisory Council:
Prof. Harold
Skipper
.
Former Presidents of The Geneva Association:
Prof. Raymond
Barre
, Paris (1973-1976); Mr Fabio
Padoa
,Trieste (1976-1983); Mr Julius
Neave
, London (1983-1986); Prof. Dr Dr e.h. Reimer 
Schmidt
, Aachen (1986-1990); Sir Brian
Corby
, London (1990-1993); Drs. Jan H.
Holsboer
, Amsterdam (1993-1999); Mr Walter 
Kielholz
, Zurich (1999-2003); Mr Henri
de Castries
, Paris (2003-2008); Mr Martin J.
Sullivan
, New York (2008); Mr Jacques
Aigrain
, Zurich (2008-2009); Dr Nikolaus
von Bomhard
, Chairman of the Board of Management, Munich Re, Munich (2009-2013).
Former Secretaries General of The Geneva Association:
Prof. Orio
Giarini
(1973-2000), Mr Patrick M.
Liedtke
(2000-2012).
 
 
 Warming of the Oceansand Implications for the (Re)insurance Industry 
A Geneva Association Report
Lead author and editor: Falk Niehörster Contribution authors: Markus Aichinger, Richard Murnane, Nicola Ranger, Svenja Surminski

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