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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 →

RMS highlights huge catastrophe insured loss potential for global ports

Catastrophe risk modelling firm RMS has highlighted the growing catastrophe exposures faced by ports around the world. Analysis from the firm reveals that a combination of cargo type and the type of natural disaster risk are significant drivers of potential losses, and not just the size of container hubs.After the read the full article →

First marine catastrophe model to encourage ILS participation: RMS

The forthcoming launch of the first marine cargo and specie catastrophe risk model from RMS will provide an enhanced approach to marine risk quantification, helping ILS investors and capital to increase participation in the marine insurance and reinsurance market.The RMS Marine Cargo Model, which will be the insurance and reinsurance read the full article →

Costa Concordia insured loss rises again, close to $2 billion

The total insurance industry loss from the wreck and salvage of the stricken cruise ship Costa Concordia looks set to get very close to the $2 billion we reported was likely over a year ago which could increase any impact on ILS or ILW instruments.Back in December 2013 we wrote 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 →