industry loss trigger

Industry loss triggers continue to play a vital role in risk transfer transactions, such as catastrophe bonds, industry loss warrants (ILW’s) and other private ILS or collateralized reinsurance arrangements, and now PERILS AG has reached $14.2 billion of limit placed using its triggers and data.

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 what could be a resurgent […]

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.

Given the fact that reinsurance cession rates remain near record lows, thanks to the softened state of the market, it is time for re/insurers to re-examine reinsurance as a form of contingent capital, JLT Re suggests.

The use of industry loss triggers in risk transfer transactions such as catastrophe bonds and other private ILS or collateralised reinsurance arrangements, decreased in recent years as high levels of re/insurer equity capital and competition from indemnity triggers affected uptake.

Artemis has learned that there are some industry-loss warranties (ILW’s) with a novel new structure currently being marketed to insurance-linked investors. The ILW’s feature a dual trigger, with a parametric and PCS industry loss both used.

Catastrophe Indices and Quantification Inc. (CatIQ), which provides analytical and meteorological information on Canadian natural and man-made catastrophes, has released a dataset containing insurance industry loss estimates for all Canadian catastrophe events since 2008.

White Mountains has purchased industry loss warranties (ILW’s) as a way to protect the balance sheet of its Sirius International Insurance Group, Ltd. unit, as it awaits the completion of Sirius’ sale to Chinese investment group China Minsheng Investment Corp., Ltd.

The uncertainty surrounding hurricane Joaquin and whether it would make a U.S. east coast landfall stimulated some offers, discussions and interest in ‘live cat’ protection buying last week, according to market sources.

Insurance and reinsurance market focused technology provider Xchanging plc has updated its reinsurance deal placement and distribution platform to include index-based products, such as industry loss warranties (ILW’s).