PCS triggers were used on 54 percent of ILS issuance volumes in 2016, up from 35 percent in 2015, after XL completed a $750mn Galilei Re industry loss-linked cat bond at year-end.
PCS triggers were used on 54 percent of ILS issuance volumes in 2016, up from 35 percent in 2015, after XL completed a $750mn Galilei Re industry loss-linked cat bond at year-end.