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

» The insurance-linked securities (versus traditional reinsurance) job gap
Artemis discusses the issue that insurance linked securities funds and institutional investor backed reinsurance capital managers do not create the same number of jobs as traditional reinsurance companies.

» Traditional reinsurers challenged to compete on cost-of-capital
Traditional reinsurance companies are being challenged to compete with insurance-linked securities (ILS), catastrophe bonds and collateralized reinsurance products which have a lower cost-of-capital than them.

» January reinsurance renewals coverage
Our coverage of the key January reinsurance renewal period, the impact on pricing and influence of alternative reinsurance capital. Including commentary from leading brokers and reinsurers.

» 2013 catastrophe bond & insurance-linked securities issuance hit $7.64 billion
2013 cat bond and ILS issuance hit $7.64B and the catastrophe bond and ILS market grew to over $20.5 billion at year-end 2013, a record size. The total return of the cat bond market was 11% while ILS funds returned 7.56% on average in 2013.

» Euro windstorms, UK floods add up to meaningful insurance losses

» Munich Re adjusts renewal portfolio to avoid competition, price pressure

» U.S. winter storm losses build. What about catastrophe bonds?

» Alternative capital a growing piece of Aon’s reinsurance broking

» How Berkshire Hathaway thinks of reinsurance float: Warren Buffett

» Arch, Highbridge to launch third-party capital backed Watford Re

» New reinsurance capital ‘actually quite intelligent’: Aspen CEO

» Reinsurance pricing down, but still attractive. Pressure felt: Swiss Re

» The catastrophe bond yield advantage

» ILS investment manager interview: Dexion Capital (DCG Iris)
We spoke with Ana Haurie, Managing Director and Martin McCubbin, Research and Advisory at Dexion Capital. Dexion Capital operate the DCG IRIS ILS fund, which acts as a feeder into a Credit Suisse managed ILS fund.

» Alternative capital is efficient capital: Frank Majors, Nephila Capital
The preferred terminology used at ILS investment manager Nephila Capital to describe the third-party capital that has entered the reinsurance market, as institutional investors appreciation for catastrophe risk as an asset class has grown, is not ‘alternative capital’, rather it is ‘efficient capital’..

» Interview: Joe Louwagie, AVP, Property Claim Services (PCS)
Artemis interviewed Joe Louwagie, assistant vice president at Property Claim Services® (PCS®), a unit of Verisk Analytics (Nasdaq:VRSK).

» ILS investment manager interview: Michael Stahel, LGT Insurance-Linked Strategies
Artemis chatted with Michael Stahel, one of the four partners/portfolio managers of LGT Capital Management’s Insurance-Linked Strategies team.