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PCS launches industry estimates for large risk losses globally

Property Claim Services (PCS) has launched its second new service offering in as many days, announcing a service that will track global large onshore property losses of $500 million or greater, marking the loss data aggregator's latest expansion into the specialty lines arena.Just yesterday, PCS announced the launch of new read the full article →

PCS launches AUS, NZ, SE Asia industry loss estimates & indices

Property Claim Services (PCS) is greatly expanding its range of industry loss data aggregation and index reporting services to include Australia, New Zealand and also the Southeast Asia region, as it looks to capitalise on growing demand for its products.PCS, a division of Verisk, said that significant global reinsurance market read the full article →

PCS to report Marine & Energy industry losses by line-of-business

Property Claim Services (PCS), is enhancing its PCS Global Marine & Energy insurance industry loss data aggregation and index service by breaking it down into lines of business, to enhance granularity in reporting and facilitate more focused risk transfer decisions.PCS launched its service for non-elemental industry loss estimates for the read the full article →

PCS starts Mexico industry loss index & estimates service

Property Claim Services (PCS) has launched Mexico as the latest addition to its range of industry loss data aggregation and index reporting services, teaming up with Asociación Mexicana de Instituciones de Seguros (AMIS) for PCS Mexico.PCS, a Verisk Analytics business, will now cover four countries with loss aggregation and reporting read the full article →

Further Jebi loss creep may impact RenRe’s retro portfolio: CEO O’Donnell

If the loss creep linked to Japanese typhoon Jebi continues it has the potential to impact RenaissanceRe's retrocessional reinsurance underwriting book, according to the firms CEO.Kevin O'Donnell, the CEO of Bermuda headquartered reinsurance firm RenaissanceRe (RenRe), explained during his firms recent quarterly earnings call that the potential for further development read the full article →

Jebi creep impacts ongoing, as loss threatens fresh reinsurance layers

The impacts to reinsurance and ILS players from the typhoon Jebi losses in Japan may still have a little further to run, as the escalation of the industry loss has hit fresh layers in reinsurance programs, we've learned.Sources in the insurance-linked securities (ILS) market said that a typhoon Jebi final read the full article →

The ongoing, innovative evolution of PCS: Tom Johansmeyer

Over the last couple of years, Property Claim Services (PCS) has innovated and evolved to offer an enhanced, client-centric global strategy designed to serve both existing and new client needs.In light of a flurry of market activity, Artemis spoke with Tom Johansmeyer, Co-Head of PCS, about the firm’s undertakings over read the full article →

Loss creep evident in combined $14.5bn Jebi, Trami, Japan rains claims from GIAJ

Reported claims figures for the typhoons and extreme rainfall event that struck Japan last year have risen significantly, with the latest figures from the General Insurance Association of Japan (GIAJ) totalling over US $14.5 billion.The insurance and reinsurance industry losses from these three Japanese events have escalated so far this read the full article →

Typhoon Jebi industry loss may settle at $15bn to $16bn: Analysts

The insurance and reinsurance industry wide loss from Japanese typhoon Jebi looks destined to rise even further, with analysts saying that industry participants they met with recently in Bermuda have suggested the loss may settle at between $15 billion to as much as $16 billion.The industry loss from the most read the full article →

First PCS triggered Japan ILW brokered by Willis Re

Property Claim Services (PCS) industry loss data aggregation and index reporting services for non-marine catastrophe losses in Japan has already been used for an industry loss warranty (ILW).We've learned that reinsurance broker Willis Re has become the first to structure and trade an industry loss triggered retrocessional risk transfer instrument read the full article →