Best of Artemis, week ending 17th March 2013

The issuance market for catastrophe bonds continues to look more active as another new deal came to market in the shape of another transaction for Florida Citizens with Everglades Re Ltd. (Series 2013-1). As always, you can read every market news story and article on the Artemis news blog, subscribe to our weekly email newsletter updates and for your convenience here are the ten most popular news articles from the last seven days on Artemis.

Top ten most viewed articles on Artemis.bm, week ending 17th March 2013:

1. Berkshire Hathaway providing capacity for Aon’s new Lloyd’s based sidecar
   Interesting announcement from broker Aon saying that they have signed an agreement with Warren Buffett’s reinsurance giant Berkshire Hathaway which will see the two firms team up to bring sidecar style capacity to retail customers of the broker at Lloyd’s.
2. Innovative and client focused approach required to drive growth in ILS
   The general feeling at the recent SIFMA IRLS conference was that the market has grown, matured and seems poised to accelerate its growth and expansion, helped by a continually growing interest in ILS, reinsurance and catastrophe risk from institutional investors.
3. Florida Citizens return to cat bond market with Everglades Re 2013
   As expected Florida’s Citizens Property Insurance, the state backed property insurer of last resort, is bringing its second catastrophe bond issuance to market with a new Series 2013-1 tranche from its Everglades Re Ltd. special purpose insurer.
4. Amlin aims to leverage third-party capital to enhance return potential
   Specialist insurance and reinsurance underwriting group Amlin aims to capitalise on the interest that third-party capital from sources such as pension funds has been showing in the catastrophe reinsurance market as it seeks to enhance its return potential.
5. As ILS investors compete with traditional reinsurers will they stay the course?
   One of the hot topics at the recent SIFMA Insurance-and-Risk-Linked Securities (IRLS) conference in New York was the increasing competition that ILS and third-party investor sources of reinsurance capacity are posing to traditional reinsurers.
6. Leadenhall unveils new life fund, passes $1 billion assets under management
   A third ILS fund has been unveiled to us by London based insurance-linked securities and reinsurance-linked investment manager Leadenhall Capital Partners.
7. Low catastrophe bond issuance causes unseasonal secondary price movements
   The lack of primary catastrophe bond issuance, combined with continued high demand in the cat bond asset class from investors, has led to some unseasonal price movements on outstanding cat bonds in the secondary market recently.
8. Lancashire appoints Darren Redhead as Head of Capital Management division
   Insurance and reinsurance group Lancashire Holdings has already found a replacement hire to head up its newly created third-party capital management brand Lancashire Capital Management after its previous head, Simon Fascione, recently resigned.
9. Merna Re IV cat bond seeking earthquake cover for State Farm
   We now have some more details on the latest catastrophe bond to come to market which sees sponsor State Farm seeking a new source of earthquake reinsurance protection from the capital markets via a cat bond issuance.
10. Drought will become one of the most destructive natural catastrophes: Munich Re
    Globally the risks posed by and impacts created by droughts and heatwaves have been growing in recent years, yet drought itself remains a widely underestimated natural hazard, according to a recent report published by the worlds largest reinsurer Munich Re.

This is by no means every article published on Artemis during the last week, just the most popular among our readers. To ensure you always stay up to date with Artemis subscribe to our weekly email newsletter update.

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