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Property Claim Services (PCS) leadership changes announced

Leadership changes have been announced at Property Claim Services® (PCS), the division of Verisk Insurance Solutions that collects and aggregates insurance industry loss data which is widely used in reinsurance, industry loss warranty (ILW) and catastrophe bond transaction.Tom Johansmeyer has been appointed assistant vice president of PCS Strategy and Development, read the full article →

PCS index triggers widely utilised in 2015 cat bond issuance

The latest catastrophe bond report from Property Claim Services (PCS) highlights the continued use of PCS data for both index triggers and independent catastrophe designations, in the maturing insurance-linked securities (ILS) space.Excluding cat bond lite transactions, private ILS deals, and deals focused outside of the property catastrophe insurance or reinsurance read the full article →

Use of PCS industry loss triggers up in Q1 2015 cat bond issuance

Use of insurance industry loss triggers using data supplied Property Claim Services (PCS) increased in the first-quarter of 2015, as a record first-quarters' catastrophe bond issuance saw PCS' data used in $800m of transactional volume across 4 deals.In PCS’ latest catastrophe bond market report, titled 'Heavy and Lite: PCS® First-Quarter read the full article →

Ongoing maturation of cat bond market, highlighted in PCS report

2014 was a year full of firsts for the catastrophe bond market, helping cat bond issuance to reach a new record highs. But as well as breaking new ground the cat bond market shows signs of continuing maturation, according to the latest market report from Property Claim Services (PCS).Breaking records read the full article →

Despite slow Q3, cat bond issuance still up y-o-y with U.S. focus: PCS

2014 continues to look capable of breaking records for catastrophe bond issuance, with this year still up on the last helped by an increased focus on the insurance-linked securities (ILS) markets' sweet spot of U.S. perils, according to Property Claim Services (PCS).PCS only covers property catastrophe bonds officially in its read the full article →

Diversity increases in catastrophe bond issuance, PCS trigger use up

The record level of catastrophe bond issuance seen in 2014 to date has seen an increased amount of diversity brought to market, according to Property Claim Services (PCS), while its data was used within $2 billion of new cat bonds so far this year.The volume of catastrophe bonds issued during read the full article →

PCS adds natural hazard & weather analysis to catastrophe bulletins

Property Claim Services (PCS) has teamed up with Verisk Climate, both units of Verisk Analytics, to add natural hazard and weather analysis maps of affected areas to its PCS catastrophe designation and loss estimate bulletins.The PCS bulletins are already widely subscribed to be insurers and reinsurers in the property & casualty read the full article →

PCS triggers used in 50% of applicable Q1 catastrophe bonds

The volume of catastrophe bonds issued during the first-quarter of 2014 which utilised data from Property Claim Services (PCS) within their triggers totalled $465m, accounting for 50% of the applicable deals issued.Based on PCS’ calculation of total catastrophe bond issuance for Q1 2014, which only includes natural catastrophe bonds and read the full article →

PCS triggers used in $2.8 billion of catastrophe bond issues in 2013

Over the course of 2013 the volume of catastrophe bonds issued which utilised data from Property Claim Services (PCS) within their triggers totalled $2.8 billion, accounting for nearly 40% of risk capital issued.Based on PCS' calculation of total catastrophe bond issuance, which only includes natural catastrophe bonds and excludes some read the full article →

PCS triggers back 24% more catastrophe bond risk capital in 2013

In the first nine months of 2013 approximately $2.1 billion catastrophe bond risk capital issued was based on a trigger which utilises data from Property Claims Services (PCS). This is 24% higher than a year earlier in 2012 when PCS triggers were used in $1.7 billion of cat bond issuance.PCS read the full article →