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First PCS marine & energy ILW traded, Twelve Capital backs it

The first marine and energy industry loss warranty (ILW) transaction has been traded using the PCS Global Marine and Energy non-elemental industry loss index service, with insurance and reinsurance linked investment manager Twelve Capital providing the capacity to back the deal.PCS launched the new service earlier this year, with the read the full article →

Can marine ILW’s make a comeback? Q&A with Tom Johansmeyer, PCS

Property Claim Services (PCS) recently launched a new service offering non-elemental industry loss estimates for the global marine and energy insurance and reinsurance sector, as well as a risk-transfer index to facilitate transactions. Following this launch Artemis spoke with Tom Johansmeyer, assistant vice president, PCS Strategy and Development to discuss read the full article →

PCS marine & energy industry loss estimates & index launched

Property Claim Services (PCS), a Verisk Analytics business, has launched a new service offering non-elemental historical industry loss estimates for the global marine and energy insurance and reinsurance sector, as well as a risk-transfer index to facilitate transactions.PCS adds to its well-used catastrophe estimates and risk transfer index service with read the full article →

Costa Concordia insured loss could reach $2 billion

Due to difficulties faced during the salvage of the stricken cruise ship Costa Concordia the total insured loss from one of the most costly marine disasters in history look set to rise, perhaps to greater than $2 billion, according to reports.A report in the Independent newspaper yesterday suggested that the read the full article →