Catastrophe Bonds

Q3 Catastrophe Bond Market Trends Update

We can attribute the rapid growth of the catastrophe bond market to many factors, some of which extend back for years. However, PCS ® sees five trends as particularly important this year, highlighting the expanding...

PCS Pre–Monte Carlo Briefing

The unofficial start of the January 1, 2015, reinsurance renewal season is almost upon us. In a few days, the global reinsurance industry will descend upon Monte Carlo for the annual ritual of 30-minute meetings in...

Cat Bond Lite Issuance Continues, 40 Percent Use PCS

Cat bond lite issuance has continued into the third quarter. The latest transaction, index-triggered Dodeka III, brings the year’s total to $242 million  according to Artemis.bm . Sponsors have completed ten cat bond...

PCS Q2 2014 Catastrophe Bond Market Update: Trend Tracking

The rapid growth of the catastrophe bond market, which has reached nearly $6 billion in the first half of 2014 , can be attributed to many factors, some of which extend back for years. However, PCS ® sees five trends ...

Index Triggers: Protect Your Competitive Advantage

Fueled by the abundance of capital in the insurance-linked securities (ILS) market, many sponsors have been able to secure favorable rates through indemnity triggers. As a result, sponsors can bypass the basis risk...

PCS Q1 2014 Catastrophe Bond Market Update: Trend Tracking

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

The Next Big Thing in Indemnity Triggers

As the first quarter comes to a close, it’s already clear that the 2014 catastrophe bond issuance year is starting off strong. It looks as though sponsors will complete around $1.2 billion in new transactions,...

Five Index Trigger Benefits for Catastrophe Bond Sponsors

In general, Property Claim Services® (PCS®) doesn’t have an opinion as to which catastrophe bond trigger is best. We believe sponsors should use the structures they feel align best with their risk and capital manageme...

PCS Catastrophe Designation in Indemnity-Triggered Catastrophe Bonds

Indemnity-triggered catastrophe bonds are increasing in popularity, but it’s clear that the insurance-linked securities (ILS) community wants some degree of third-party validation in them. The number of sponsors using...

PCS 2013 Year in Review: 5 Key Insights

Last year could have looked a lot different. Although catastrophe frequency in the United States was slightly above average, insured losses from those events fell just shy of $13 billion, putting the total well below...