Catastrophe Bonds

When Will We See a $50 Billion ILS Issuance Year?

Issuance of insurance-linked securities is growing rapidly. A recent Artemis report put the total outstanding at more than $40 billion. At $5.9 billion, last year was the second most active for catastrophe bond issuan...

Catastrophe Bonds: More than Half Way to $4 Billion

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,...

Catastrophe Bonds: $4 Billion by June 30?

According to Artemis , Aon Benfield has forecast $4 billion in catastrophe bond issuance activity by the end of June. If that happens, 2013 will have become the most active first half in the history of the market. So...

Catastrophe Bond Market Trend Watch

This year’s catastrophe bond market began with a strong first quarter. Sponsors raised nearly $900 million, making it one of the three most active first quarters in the history of the catastrophe bond market. Many...

ILS Frictional Costs: Evolution and Progress

Insurance-linked securities (ILS) transactions are not as expensive as they used to be. Five or six years ago, it could take months for a sponsor to complete a catastrophe bond, and it would cost as much as 50 basis...

Five Insights into the PCS Catastrophe Loss Process

Do you know how Property Claim Services ® ( PCS ® ) develops catastrophe loss estimates? We’re ready to help. Download our new guide to the PCS catastrophe loss estimate process now to get started. In the new guide,...

Five ILS Market Considerations for 2013

The new year may have only just begun, but that’s unlikely to slow speculation about what lies ahead. Will 2013 rival 2012, or will we see a post-spike dip as we did in 2011? Several factors are poised to influence...

Where Did the December Catastrophe Bond Deals Go?

By now, you’ve probably read the latest edition of the quarterly PCS catastrophe bond report as well as the many other reports released over the past few weeks. Each perspective has led to new questions about 2013 and...

Five Insights into the 2012 Catastrophe Bond Market

In 2012, $5.9 billion in fresh capital flowed into the market through catastrophe bonds, making it the second most active issuance year in the history of the sector. Issuances surged 38 percent year over year, helped...

Catastrophe Bonds: Mid-Quarter Update

The fourth quarter tends to be among the busiest of the year in the catastrophe bond issuance market, and 2012 has not disappointed. So far, sponsors have completed four transactions, three of them with U.S. natural...