terrorism

The UK’s government-backed mutual terrorism reinsurance facility Pool Re is actively exploring the issuance of an insurance-linked securities (ILS), or at least some collateralized reinsurance, using the recently set up UK ILS regulatory regime, as the mutual looks to expand its sources of terror retrocession to the capital markets.

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.

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.

The terrorism protection gap is now larger than ever and expanding all the time, underlining the need for innovative and effective solutions, with the insurance-linked securities (ILS) space a logical evolution, says Pool Re Chief Executive Officer (CEO), Julian Enoizi.

Industry insured loss aggregation consists of a few basic components, but they’re crucial to the process. The three basic ingredients are reliable data sources comprising sufficient share of an event to enable extrapolation of the full market loss, a set of rules (methodology) and a way to define events, and a threshold below which events […]

AIR Worldwide (AIR) has expanded its terrorism risk model to support scenario testing and analysis for the United States and 27 other countries, to help companies better manage terror risk and assess the impact of different attack scenarios on their insurance, reinsurance and ILS portfolios.

Violence broke out almost simultaneously in two European countries only a couple of weeks ago. Shortly after a truck drove through the Bastille Day festivities in Nice, causing 87 fatalities and 203 injuries, according to early reports by Verisk Maplecroft, an attempted coup d’état in Turkey left more than 250 people dead.

ISO, a division of Verisk Analytics is working to assist the development of improved terrorism insurance solutions, by collecting, aggregating and analysing data on global terror events for the U.S. Department of the Treasury, the company has announced.

The tragic events in Brussels, Belgium this week, when more than 30 people were killed by terrorist bombings at the city’s airport and metro, are unlikely to result in significant insurance or reinsurance impact, but demonstrate the lack of coverage for the terrorism-related economic exposure.

Global reinsurance firm Swiss Re has continued its trend of redeeming its series of Vita Capital mortality linked catastrophe bonds, with its $275m 2012 transaction Vita Capital V Ltd. called a year early and investors to be paid a premium of 1%.