Concordia Responds to Cyclone Yasi in Queensland Australia

21st February 2011

Cyclone Yasi hit Queensland on Wednesday 2nd February 2011 and was the second catastrophic event to impact the Australian state in as many months.  Wind speeds reached approximately 250 km/h at its peak, comparable with wind speeds recorded during Hurricane Katrina in 2005.
Yasi has caused serious damage to property and industry in the region and has resulted in a surge of new claims on top of those made following the December 2010 / January 2011 floods.


Photos taken by James Capell

Weather experts forecast that there is no immediate end in sight and the poor weather is set to continue with a further risk of flooding highly likely over the next two months.
This second catastrophe has stretched the insurance industry's resources still further and Concordia’s experienced CAT response team are in the region and are ready to assist with claims if needed.
The Concordia Cat Response team is experienced in handling large property, mining, energy, marine, casualty and business interruption claims.  Alongside this our experience in audit and compliance activities provides support and process validation for reinsurers, especially in reserve analysis.

Our Cat Response team has responded effectively and efficiently to major events including: several hurricanes in the Caribbean; the Asian tsunami; floods in Mumbai, Istanbul, Singapore and UK; and earthquakes in Indonesia and Chile.

For further information or assistance please contact:

James Capell, MD Designate
Concordia Consultancy (Australia) Pty. Ltd,
Level 13 & 14, 167 Macquarie Street
Sydney, Australia

Tel: +61 421 039 314


Tel: +65 6246 4672


Tel: +44 207 623 8461

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