Reinsurance News
ILW
Reinsurance broker platform Jireh Connect announces first ILW placement
30th January 2024
Jireh Connect, a digital platform for reinsurance brokers to manage placement processes online and part of Jireh Holdings, has announced the successful placement of its first industry loss warranty (ILW). Set up by insurance-linked securities (ILS) veteran Salvatore Tucci in Bermuda, Jireh Connect soft launched at the start of 2024. Since ... Read the full article
In our industry we rely on the past to have a glimpse of the future: Mican, PCS
16th December 2022
In an interview with Reinsurance News, Alex Mican, Director, Specialty Lines Product Development, PCS, Verisk Claims, suggested that given the events of the past year, having access to additional loss data sources will be vital to a successful January 1st renewal. Discussing what challenges specialty lines underwriters have faced this year, ... Read the full article
Stonybrook Capital develops ILW pricing service
12th March 2021
Investment banking and reinsurance broking firm Stonybrook Capital & Risk Management has developed a platform to support the pricing of industry loss warranty (ILW) contracts. Initially, established in the summer of 2020, Stonybrook says its ILW desk has already completed several transactions. “Our goal was to bring technology that delivers transparency, improved ... Read the full article
Tremor’s weekly ILW auction sees significant rise in capacity and bidders
16th April 2020
Tremor, the programmatic insurance and reinsurance risk transfer marketplace, recently completed its first programmatic Industry Loss Warranty (ILW) trade and second weekly online auction, during which marketplace capacity tripled and bidders doubled. Tremor announced towards the end of March that in order to ensure the market continues operating during the ... Read the full article
Lack of reliable loss estimates has impaired ILW market in Japan, says PCS
5th September 2019
A lack of access to reliable and independent sources of industry loss estimates has impaired the market for industry loss warranties (ILW) in Japan, according to a new report from PCS, a Verisk business. The report looked at the impact of potential underreporting by informal loss reporting data sources, as well ... Read the full article
Repeatability of innovative solutions needed to expand risk transfer: PCS
21st February 2018
The traditional and alternative reinsurance industry has a solid track record of innovation, but as seen with risks like cyber and terror, sustainability and adoption has proved more challenging, suggesting a need for risk transfer solutions that support repeatability, according to Property Claim Services (PCS), a Verisk Analytics business. PCS has ... Read the full article
If cyber insurance were bigger, 2017 would really hurt
27th November 2017
As the market for cyber insurance grows the amount of exposure in the re/insurance industry is increasing, so reinsurance companies are also finding their portfolios more exposed making the ability to hedge that exposure vital, according to Tom Johansmeyer, Assistant Vice President, PCS Strategy & Development at ISO. While you were ... Read the full article
We love cyber. But how do we bring more into the reinsurance market?
10th September 2017
Cyber risk is a hot topic for the insurance and reinsurance industry, perhaps the highest profile of the new lines of business everyone would like to break into. But to date, the industry has been a little tentative at assuming too much cyber risk, something that can change according to ... Read the full article
PCS releases Global Cyber Industry Loss Index
4th September 2017
Property Claim Services (PCS) has released a new Global Cyber Industry Loss Index for insured cyber losses with a minimum threshold of $20 million industry wide. The cyber loss index was developed in collaboration with Capsicum Re in response to growing demand for an independent view of cyber industry loss estimates. The new ... Read the full article
Blockchain: Why re/insurers need to take control of their future
14th March 2017
In this contributed article, Tom Johansmeyer, assistant vice president, PCS Strategy and Development, at ISO Claims Analytics, a division of Verisk Insurance Solutions, discusses the need for insurance and reinsurance market participants to engage with the global blockchain community. Blockchain: Why re/insurers need to take control of their future Waiting for a ... Read the full article
JLT Re grows ability to broker ILWs with expanded PCS relationship
27th February 2017
Reinsurance broker and advisory JLT Re has increased its ability to offer industry loss warranty (ILW) products to its clients, by expanding its relationship with PCS, a division of Verisk Analytics. The expanded relationship means that JLT Re, which is already one of the leading ILW brokers, now has the ability ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
