Industry Loss Warrants

Seven Cat Bond Lite Benefits You Should Understand

Last year, $500 million in private catastrophe bonds came to market, nearly half of them publicly announced . In the first quarter of 2015, approximately $200 million in “cat bond lite” transactions were completed, an...

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...

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...

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...

Catastrophe Bond Trend Watch: Q3 2013

With Rendez-Vous de Septembre behind us, a new set of trends has emerged for the catastrophe bond sector . Some that PCS has tracked since the end of 2012 remain, while new issues have inserted themselves firmly into...

Washington State: 700 Wildfires So Far

According to the Associated Press , Washington State has experienced nearly 700 wildfires this year. That’s just one example of a trend that has recently been the talk of the insurance industry . Although many wildfir...

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...

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...

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...