Insight and Intelligence on (Re)insurance Convergence with the Capital Markets

19 May 2012

Europe's loss index launch delayed

7 July 2008

The much-anticipated launch of a comprehensive, stand-alone European windstorm loss index has been delayed until at least "the beginning of 2009" after failing to gain sufficient commitment from (re)insurers, Trading Risk can reveal.
The PERILS index - which aims to replicate the success of the US' Property Claims Services (PCS) by becoming a standard benchmark for insurance linked securities (ILS) - was due to launch this summer, according to sources close to the initiative.
However, with only half of its...


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