Catastrophes

Top 5 Cat Bond Market Trends in Q1 2015

The ongoing shift in underlying market trends over the past year shows how dynamic the catastrophe bond sector has become . Innovation, expanded geographical reach, and increases in market participation continue to...

Oklahoma Tornado Assessment by PCS

A severe tornado ripped through the Tulsa, Oklahoma area on March 25 resulting in one fatality and extended property damage. As a result of the storm’s impact, Property Claim Services (PCS) issued a catastrophe...

Cat Bond Lite: Flexibility and larger pool of available capital

In an interview with A.M. Best TV , Tom Johansmeyer, assistant vice president of Reinsurance Services, ISO, speaks about the latest trend in the linked securities industry: cat bond lite. Compared with catastrophe...

April 2015 Preview: Historical Catastrophe Activity

Over the past ten years, on average, approximately 236 tornadoes have occurred in April. Historically, between 1950 and 2013, April tends to have more violent tornados — EF4 and EF5 — than any other month. And last...

Microinsurance Alternative Risk Transfer: Strategic Capacity to Support Your Mission

Microinsurance programs have overcome some incredible challenges. They’ve found ways to distribute an intangible product — one for which a customer may pay regularly and seem to receive nothing in return — to local...

Cat Bond Lite: Market Curiosity and Growth

WRIN.tv (World Risk and Insurance News TV) caught up with Tom Johansmeyer, AVP Reinsurance Services at ISO, at the IRLS Conference in New York on March 4, 2015, to discuss the latest trend in the linked securities...

A string of winter storms results in multiple PCS catastrophe designations

Property Claim Services (PCS)  diligently monitored winter storm events throughout January and February.  In the past month, consecutive winter storms brought multiple waves of freezing temperatures, ice accumulation,...

March 2015 Preview: Historical Catastrophe Activity

During the month of March between 2005 and 2014, Property Claim Services ® (PCS ® )  designated 28 catastrophe events. All were weather-related and caused approximately $12.5 billion in insured losses. The largest Mar...

Independent Catastrophe Designation in Indemnity Triggers

The increased use of indemnity triggers in catastrophe bonds is well documented, but it’s a trend within this development that demonstrates the continued maturation of the catastrophe bond market . The use of PCS ® da...

2014 Weather-Related Catastrophes in Review

In a recent A.M. Best episode entitled “2014 Was a Surprising Year for Natural Catastrophes,” Ted Gregory, Manager at Property Claims Services ® (PCS ® )  and Carl Hedde, Head of Risk Accumulation at Munich Re America...