strike riot civil commotion (SRCC)

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Artemis Live interview: ILS appetite for political violence risks, with PCS’ Johansmeyer

For our latest Artemis Live interview we were joined by Tom Johansmeyer, Head of PCS, to discuss the insurance-linked securities (ILS) market's appetite to invest in strike, riot & civil commotion (SRCC) or political violence related reinsurance risks. The discussion came about because of a recent piece of work undertaken by read the full article →

What the US Capitol riots mean for re/insurance and ILS interests: Interview

We spoke with Tom Johansmeyer, Head of PCS, today, to discuss the rioting and civil disturbance seen at the US Capitol buildings on January 6th 2021. While the rioting and disturbances seen yesterday won't have any significant implications in terms of losses for the insurance and reinsurance industry, there is a read the full article →

U.S. riot losses accelerated & worsened by pandemic: Johansmeyer at ILS Asia 2020

In an extensive and insightful keynote at the virtually held Artemis ILS Asia 2020 conference (now available on-demand), Head of PCS, Tom Johansmeyer discussed a number of Covid-19 loss scenarios, including the potential combined impacts of the virus and strike riot, civil commotion (SRCC) in the U.S. Triggered by the killing read the full article →

Riot losses said up to $1bn in U.S., retentions may protect reinsurance

The rioting and civil commotion across the United States in recent days is thought likely to cause insurance market losses of as much as $1 billion, but with retentions generally quite high on exposed programs, carriers may not be able to pass on too much of their losses to reinsurance read the full article →

Riots designated a catastrophe in multiple-states, a first for PCS

Rioting and civil commotion across the United States has now been designated as a catastrophe event in multiple-states by PCS, the first time the industry loss data aggregator has done so in its history. As we explained earlier this week, the ongoing situation of riots and civil commotion affecting numerous cities read the full article →

Riots could turn 2020 into a capital event. PCS designates riots as a catastrophe

The ongoing situation of riots and civil commotion outbreaks in numerous cities across the United States have the potential to aggregate into a reasonably sizeable loss for insurance and reinsurance carriers, which analysts at KBW warns could turn 2020 into a capital event for some. Over the last few days and read the full article →