In 2012, $5.9 billion in fresh capital flowed into the market through catastrophe bonds, making it the second most active issuance year in the history of the sector. Issuances surged 38 percent year over year, helped along by the $750 million Everglades Re transaction. Even with such a large deal in the market, there was [...]
catastrope losses
In 2011 — for the first time in many years — the cumulative insured catastrophe losses from wind and thunderstorm events (including tornadoes) surpassed the cumulative catastrophe losses from hurricanes, according to PCS estimates. (PCS data goes back to 1950 and includes insured losses from events meeting the PCS definition of a catastrophe at the [...]
The beginning of the 2012 hurricane season is upon us. It’s too soon to tell whether the winds will blow, but one thing is certain: Nothing will prevent a land-falling hurricane. For the past 15 years or so, seasonal forecasts have consistently indicated above-average storm formation. As PCS sees it, the more storms that form [...]
