The second quarter is off to a great start, with more than $3 billion in catastrophe bonds announced or completed so far. And as the insurance and reinsurance industry prepares for hurricane season, the momentum should continue. Yet issuance volume is only part of what has made the catastrophe bond market interesting this year. A [...]
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The official start of hurricane season is only a few weeks away. As you prepare for the June 1, 2013, reinsurance renewal, don’t forget about your industry loss warranty (ILW) cover — and how you can make it more effective. In several ILW agreements, Property Claim Services® (PCS®) has found that the perils do not [...]
Superstorm Sandy caused unprecedented auto losses for a tropical storm, with Property Claim Services® (PCS®) estimated claim counts topping 200,000. With the start of hurricane season less than a month away, it’s time to think about how you can mitigate such risk more effectively. Watch this video to learn how you can use auto loss [...]
With hurricane season right around the corner, memories of Superstorm Sandy remain fresh. Forecasts for storm activity are starting to appear, as they do every April, and it looks as though this year may be above average. According to Artemis, the Tropical Storm Risk consortium expects 15 named tropical storms, with 8 becoming hurricanes and [...]
A lot has changed in only a few weeks. After a slower than expected start in the first quarter, the catastrophe bond market has gained momentum quickly. If the current announced transactions close without upsizing, year-to-date issuance will reach $2.5 billion, according to data in the Artemis Deal Directory, with $1.7 billion of it coming [...]
Are there hidden gaps in your industry loss warranty (ILW) triggers? Property Claim Services® (PCS®) has reviewed several ILW agreements and found that the perils included do not always align with those used in PCS catastrophe loss estimates. The result could mean unexpected gaps that could affect coverage in the event of a catastrophe. Watch [...]
