Catastrophe Bonds

PCS 2013 Catastrophe Bond Market Update: Trend Tracking

The growth and maturation of the catastrophe bond market in 2013 provide a sense of its direction in 2014. Rather than continued issuance increases for common risks (such as U.S. wind), it appears that the market has...

On the Brink of Real-Time Risk Management

If you take the concept of insurance-linked securities (ILS) to its natural conclusion, you’ll wind up at real-time risk and capital management. The insurance and reinsurance community has discussed such a possibility...

PCS Post-Monte Carlo Briefing: 5 Hot Topics

The global insurance and reinsurance community descended on Monte Carlo last week for the annual gauntlet of 30-minute meetings that will shape the January 1, 2014, reinsurance renewal. As expected, the capital market...

Take Wildfire Risk to the Capital Markets

The Yosemite wildfire is spreading, according to AIR Worldwide . As of August 26, 2013, it had affected 225 square miles and destroyed 23 buildings. Another 4,500 buildings are at risk. The wildfire is likely to raise...

PCS Online Delivery Just Got a Face-Lift

We’re pleased to announce that we’ve modernized our PCS ® online delivery to simplify and enhance our customers’ experience. Launched today, those enhancements will help users more easily identify and work with our...

Catastrophe Bond Mid-Quarter Update

The third quarter tends to be slow for the catastrophe bond issuance market, given that it falls in the middle of hurricane season. This year, however, is a bit different. According to data from the Artemis Deal...

5 Key Catastrophe Bond Market Trends

Since the end of 2012, PCS has been tracking five major trends in the catastrophe bond market. The optimism with which 2013 began has grown into a record-setting first half, with the expectation that this year may...

Are You Writing Canadian ILWs?

Cedents have used the PCS ® Catastrophe Loss Index heavily in industry loss warranty (ILW) exposure to U.S. natural catastrophe risk. The PCS index likely accounts for more than half the market. This straightforward...

The Rise of the Private Catastrophe Bond

The Artemis Deal Directory added its second private catastrophe bond of the year. Sunshine Re is a $20 million transaction, sponsored by Florida Municipal Insurance Trust. It follows Skyline Re, a $61.2 million deal...

Five New ILS Market Developments

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 shoul...