Jersey City, N.J. – July 9, 2012 — With two quarters completed in 2012, the catastrophe bond market remains robust. According to a new report from Property Claim Services®(PCS®), the similarities between the 2007 and 2012 catastrophe bond issuance years are striking. PCS is a unit of Verisk Analytics (Nasdaq:VRSK).
The report, PCS Catastrophe Bond Report: Is It 2012 or 2007, includes the following key findings:
“Is 2012 like 2007? That’s the big question everyone seems to be asking,” said Gary Kerney, assistant vice president of PCS. “The big indemnity-triggered transactions from then and now — Merna Re and Everglades Re — certainly make you think about it. And overall issuance volume is expected to be in the neighborhood of the 2007 results.”
“At the beginning of hurricane season, it’s just too soon to tell,” he concludes. “One catastrophe could change everything.”
About Verisk Analytics
Verisk Analytics (Nasdaq:VRSK) is a leading provider of information about risk to professionals in insurance, healthcare, mortgage, government, and risk management. Using advanced technologies to collect and analyze billions of records, Verisk Analytics draws on vast industry expertise and unique proprietary data sets to provide predictive analytics and decision support solutions in fraud prevention, actuarial science, insurance coverages, fire protection, catastrophe and weather risk, data management, and many other fields. In the United States and around the world, Verisk Analytics helps customers protect people, property, and financial assets. For more information, visit www.verisk.com.
MWW Group (for Verisk Analytics)
Treasurer and Head of Investor Relations
Verisk Analytics, Inc.