Artemis.bm - Catastrophe Bonds, ILS, Reinsurance, Risk Transfer

» Q4 2018 Cat Bond Market Report - Mortgage risk dominates, as cat risk issuance shrinks
Q4 2018 saw $1.97 billion of issuance, which is slightly below the long-term average for the period. Mortgage risk dominated, as catastrophe risk issuance slowed a little.

The outstanding market size at the end of the fourth-quarter of 2018 hit $37.8 billion, a new record high. Download the report here.

» Reinsurance renewal coverage
Read our reporting, insight and analysis of the January 2019 reinsurance renewals, when a large proportion of global reinsurance program terms are renewed and repriced. Reinsurance rates remained largely flat, thanks to ongoing pressure from the weight of reinsurance capital. Read our reinsurance renewal coverage here.

» Artemis ILS NYC 2019
Joins us at our third annual insurance-linked securities conference in New York City, for a day of insightful and forward-looking discussions on the future of ILS with more than 300 attendees expected. Register to attend here.

» A $200bn catastrophe loss year (that took 18 months to accumulate)

» The renewal wasn’t flat (or down) for everyone

» Flat reinsurance & harder retro at 1/1, but 10%+ increases for mid-year renewals

» Reinsurance & retro capacity may rise again soon after 1/1

» Markel CATCo sets & strengthens reserves for 2018 loss events

» Optimism & panic at renewals, but improving reinsurance returns expected

» Reinsurance rates flat to down at renewal, capital markets interest persists

» Tremor completes first property catastrophe reinsurance auction

» 2019 Atlantic hurricane outlooks suggest average year, but El Niño adds uncertainty

» Aggregate ILS returns questioned after recent losses

» Peak Re looks to expand use of ILS after success of Lion Rock Re
The reinsurer expects to make increasing use of third-party capital to support its underwriting.

» Praedicat aims to help ILS enter the casualty space: CEO Reville
Casualty ILS has long been an ambition, but is increasingly nearing broader adoption.

» Big test of ILS needs much higher losses than 2017: Ludolphs, Hannover Re
2017's losses alone did not provide the test of ILS some thought it would.

» Capital markets ideally placed to meet emerging ECIS demand: RMS
ILS can help in the transfer of catastrophic risks out of the ECIS region.

» First flood cat bond “very significant” for ILS market: John Seo, Fermat
FEMA's use of a cat bond to augment its reinsurance coverage for the NFIP was significant.