Market Chatter: Carlyle Group to Re-Assess Weather-Related Risks

MT Newswires Live06-22

Carlyle Group (CG) is working with its portfolio managers to proactively evaluate and then possible de-risk assets from weather-related damages, Bloomberg reported Monday.

The company's portfolio managers will try to ascertain risks to assets and the resilience thereof, and whether upgrading properties against possible damages could obtain better underwriting terms from insurers, according to the report.

Carlyle Group is working with insurer Marsh (MRSH) in implementing the new program, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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