Best of Artemis, week ending 14th April 2013

It’s been another busy week of news on Artemis with discussion of third-party capital inflows and the resulting abundant non-traditional reinsurance capacity high on the agenda. 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 14th April 2013:

1. Early 2013 Atlantic hurricane season forecasts suggest active year
   We review some of the early forecasts for the 2013 hurricane season. We also reviewed the CSU forecast here. You can find all the forecasts, tracking maps, satellite imagery and more on our dedicated 2013 Atlantic Hurricane Season page.
2. Ability to attract, deploy third-party capital important for reinsurers: Aon Benfield
   Reinsurance companies ability to attract and deploy third-party capital is becoming increasingly important, according to reinsurance broker Aon Benfield.
3. Convergence of capital sources is changing the reinsurance marketplace: Guy Carpenter
   Reinsurance broker Guy Carpenter reports that ample reinsurance capacity, assisted by continued convergence of traditional and alternative capital sources has resulted in largely stable April reinsurance renewals.
4. North Carolina hurricane cat bond Tar Heel Re Ltd. completes
   Another catastrophe bond has settled and completed, securing a source of hurricane reinsurance protection for the two North Carolina wind pools, the North Carolina Joint Underwriters Assn. (NCJUA) and the North Carolina Insurance Underwriters Assn. (NCIUA).
5. Non-traditional reinsurance capacity will grow: David Flandro, Guy Carpenter
   We discussed the non-traditional reinsurance capacity trend, and its impact on the market, with David Flandro, Guy Carpenter’s Global Head of Business Intelligence.
6. Pelican Re 2013 cat bond features novel on-request drop-down
   In our discussions with market participants this week we’ve managed to glean a few more details about the recently launched second catastrophe bond from Louisiana Citizens Property Insurance Corporation, the coastal windstorm insurer of last resort.
7. Catastrophe bonds upsize by 40% on average so far in 2013
   In a similar vein to the last few years, 2013 has so far seen a healthy trend of upsizing of cat bonds emerge, with most deals so far this year increasing in size.
8. Bosphorus 1 Re cat bond upsizes to $250m, price guidance drops
   The latest cat bond to follow the upsizing trend this year is the Bosphorus 1 Re Ltd. parametric cat bond, being issued on behalf of the Turkish Catastrophe Insurance Pool (TCIP), which has increased in size by 150% while the price guidance has dropped to below the bottom end of the marketed range.
9. ILS pricing drops by up to 70% as reinsurance capital rises: Aon Benfield
   Aon Benfield said that clients renewing significant capacity in the ILS markets have experienced risk adjusted price decreases of 25% to 70% for U.S. hurricane and earthquake exposed transactions.
10. Europe to see increase in part-hurricane, part extratropical Sandy-like storms
    A recently published study suggests that western Europe will be hit by an increasing number of hurricane like and hybrid storms, not unlike hurricane Sandy, as the global climate warms.

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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