industry loss trigger

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We’re at the start of an industry-loss trigger adoption wave: Johansmeyer at ILS NYC 2021

It’s just a matter of time before the use of industry loss triggers for risk transfer transactions broadens and is more widely used, which in turn will unlock more diversifying risk into certain sub-sectors of the insurance-linked securities (ILS) space, according to Tom Johansmeyer, Head of PCS. The fifth annual Artemis read the full article →

Liberty Mutual’s new $300m Mystic Re IV cat bond priced below guidance

Liberty Mutual's latest visit to the catastrophe bond market can be considered a resounding success for the company, after the new Mystic Re IV Ltd. (Series 2021-1) catastrophe bond transaction upsized to $300 million while marketing and the notes priced at a level below the low-end of initial guidance. These two read the full article →

Liberty Mutual’s new Mystic Re IV cat bond grows 50% to $300m

The new Mystic Re IV Ltd. (Series 2021-1) catastrophe bond transaction sponsored by insurance giant Liberty Mutual has been upsized during its marketing, growing by 50% to now feature an issuance of $300 million of notes to support reinsurance protection for the carrier. Liberty Mutual returned to the catastrophe bond market read the full article →

Liberty Mutual sponsoring first cat bond since 2012, with $200m Mystic Re IV

Insurance giant Liberty Mutual has returned to the catastrophe bond market for the first time since 2012, as the company seeks a $200 million source of catastrophe reinsurance from the capital markets by sponsoring a Mystic Re IV Ltd. (Series 2021-1) transaction. Not only is this Liberty Mutual's first catastrophe bond read the full article →

PCS designates record number of catastrophe events in 2020

Highlighting the truly exceptional level of severe weather and natural catastrophe activity in 2020 so far, Property Claim Services (PCS) has already designated a record number of PCS Catastrophe events, with just over two months of the year left to run. Property Claim Services (PCS), a division of Verisk Analytics, has read the full article →

PCS designates hurricane Delta as first Mexico catastrophe event

Property Claim Services (PCS) has designated recent hurricane Delta's impacts on the Yucatan region as the first catastrophe event under its recently launched PCS Mexico industry loss data aggregation and index reporting services. PCS teamed up with Asociación Mexicana de Instituciones de Seguros (AMIS) to launch the PCS Mexico service just read the full article →

PCS adds Gulf of Mexico elemental marine & energy losses, targets global coverage

Property Claim Services (PCS), a Verisk Analytics business, has now officially launched coverage of Gulf of Mexico elemental insurance industry loss events to its PCS Global Marine & Energy service. The launch is seen as the first step on the road towards global elemental loss event coverage for both marine and read the full article →

Tremor sees higher live cat interest for hurricane Sally than with Laura

Tremor Technologies, the insurtech offering a technology-based programmatic insurance and reinsurance risk transfer marketplace, experienced higher activity in its live cat ILW marketplace yesterday for hurricane Sally, than it did a few weeks ago for Laura. The company launched a live cat industry loss warranty (ILW) marketplace for hurricane Sally yesterday, read the full article →

Tremor to run live cat auctions for every hurricane, including today for Sally

Tremor Technologies, the insurtech company that offers a technology-based programmatic insurance and reinsurance risk transfer marketplace, is set to make its marketplace available for every major hurricane threat, with live cat auctions set to be run by the insurtech, including today for hurricane Sally. Hurricane Sally is heading for a northern read the full article →

PCS explores adding elemental loss events to Marine & Energy service

In response to market discussions and recent hurricane activity in the Gulf of Mexico, Property Claim Services (PCS), a Verisk Analytics business, is exploring adding coverage of elemental loss events to its PCS Global Marine & Energy service. PCS launched the Marine & Energy service in 2017, to provide the insurance read the full article →