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ILW broker Alston Gayler (AG) to be acquired by Miller

Lloyd’s accredited and London headquartered insurance and reinsurance broker Alston Gayler (AG), which has a recognised ILW broking practice, is to be acquired by fellow broker Miller Insurance Services LLP, the London broker majority owned by Willis Towers Watson (WTW).Alston Gayler (AG) is well-known as a broker in the insurance-linked read the full article →

PCS enhancing granularity with county-level loss data: Johansmeyer

Global catastrophe loss data aggregator, Property Claim Services (PCS), is “excited” at the prospect of its county-level industry loss data for all 50 U.S. states going live in early 2019, an enhancement that could make industry loss triggers more sensitive to losses at a county level.Co-Head of PCS Strategy & read the full article →

PCS to provide U.S. county-level industry loss estimates from 2019

Property Claim Services (PCS) has announced that in the first-quarter of 2019 it will provide county-level industry insured loss estimates and claim counts across all U.S. states and perils, for events with insured losses of at least $1 billion.PCS, a Verisk business, has revealed that it’s to provide a new read the full article →

Total PERILS-based transaction limit placed nears $15 billion

Catastrophe data loss aggregation and estimation firm, PERILS AG, has revealed that since January 1st, 2010, a total of 233 transactions have been placed using its industry loss triggers and data, resulting in combined limits placed of $14.9 billion.The figures are from the company’s latest annual newsletter, which also shows read the full article →

PCS Global Terror loss aggregation & index service launched

Property Claim Services (PCS), a Verisk Analytics business, has now launched its awaited latest industry loss data solution for global specialty insurance and reinsurance lines, a new loss aggregation solution and risk transfer index for terrorism risks.Artemis covered the impending launch of the PCS Global Terror loss aggregation service recently, read the full article →

PCS to launch Global Terror loss aggregation & index in Q1 2018

Property Claim Services (PCS), a Verisk Analytics business, has announced plans to launch a new loss aggregation solution for terrorism risks in the opening months of 2018, its latest industry loss data solution for global specialty insurance and reinsurance lines.PCS Global Terror is expected to be launched in the first-quarter read the full article →

Use of PCS data in 2017 catastrophe bond triggers rises with issuance

Analysis from Property Claim Services (PCS), a Verisk Analytics company, reveals that the use of PCS data in 2017 catastrophe bond issuance increased by 77% to $5.3 billion when compared with the previous year, as total issuance broke records.Excluding cat bond lite transactions, private cat bonds, and transactions focused on read the full article →

Cat bond industry loss triggers up nearly 140% year-on-year: PCS

During the first-nine months of 2017 the use of the PCS industry loss trigger for catastrophe bond issuance increased substantially when compared with the same period in 2016, to a huge $4.54 billion, according to analysis from Property Claim Services (PCS), a Verisk Analytics company.The $4.54 billion figure is from read the full article →

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 →

Record cat bond issuance drives significant uplift in use of PCS trigger

After a record-breaking first and second-quarter for catastrophe bond and insurance-linked securities (ILS) issuance, use of Property Claim Services (PCS) data in H1 transactions increased significantly to $4.5 billion when compared with the previous year, according to the PCS H1 2017 Catastrophe Bond Report.As shown by the Artemis Deal Directory read the full article →