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

19 May 2012

Perils benefits from private boom

12 September 2011

Private market deals have become the majority base for European catastrophe loss aggregator Perils, the agency said as it released an update on its nascent business in Monte Carlo today.

Perils industry loss index data has served as the trigger for more than $2.5bn of deals since it began in 2010, of which nearly 70 percent ($1.72bn) came through private transactions such as industry loss warranties (ILWs).

The remaining $1.07bn limit was sold through public cat bonds.

This means the...


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