The 2013 Atlantic hurricane season officially began on the 1st of June. Follow every developing storm with Artemis. As always, you can read every market news story and article here 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 2nd June 2013:
- ILS market to continue growing, keep pressure on reinsurance rates
Credit Suisse has published a report on the reinsurance market which discusses the impact of insurance-linked securities. The report concludes there is; “No reason to believe the growth trajectory of insurance-linked-securities reinsurance structures and the subsequent pressure it puts on pricing will dissipate for the foreseeable future.”
- Tornadoes to hit Combine Re cat bonds first-loss layer protection
Ratings agency Moody’s is the first to issue a credit rating update related to a catastrophe bond that is exposed to the recent tornadoes in Oklahoma, including the Moore tornado event.
- New hire at Third Point Re to boost capital raising and investor relations
Bermuda based hedge fund backed reinsurer Third Point Re has announced a new hire to its investment management arm, Third Point Reinsurance Investment Management Ltd.
- Insurance rate rises offset capital markets impact on reinsurance, for some
For some, the decline in pricing seen in property catastrophe reinsurance lines of business caused by capital markets and alternative capacity sources can be offset by rate rises on U.S. property and casualty insurance rates.
- Atlantic hurricane season starts tomorrow, tropics already ripe for development
The 2013 Atlantic Hurricane Season has now begun and the tropics are already looking ripe for storm development according to a number of forecasting models. Forecasters predict an active season in 2013 and conditions look conducive to storm development we could see the first tropical disturbance of the season as early as next week.
- NZ Superannuation Fund appoints Leadenhall to $275m insurance-linked mandate
London based insurance-linked securities and reinsurance-linked investment manager Leadenhall Capital Partners has secured a major new $275m investment mandate from the New Zealand Superannuation Fund.
- PCS stays at $18.75 billion industry loss estimate on hurricane Sandy
The latest re-survey of hurricane Sandy insurance industry loss estimates has now been completed and published by Property Claim Services (PCS). The loss estimate for Sandy has not changed after this re-survey, it remains at $18.75 billion.
- Southport Re makes the Cayman Islands its home
Private equity firm backed reinsurer Southport Re, which writes much of the reinsurance coverage it provides on a fully collateralized basis’, has made the Cayman Islands into its home after taking advantage of recent changes to the jurisdiction’s insurance laws and changing its company classification.
- Karen Clark & Co. launches WindfieldBuilder™, enhances visibility of hurricane threats
Independent catastrophe risk management and modelling firm Karen Clark & Company (KCC) has launched a new tool , WindfieldBuilder, an advanced scientific tool which allows users to create hurricane tracks, wind speeds and wind fields for analysis purposes.
- Reinsurance and cat bonds help Florida Citizens into best financial shape ever
Florida’s Citizens Property Insurance Corporation will begin the 2013 Hurricane Season in the best financial shape ever thanks to reinsurance and capital markets risk transfer through catastrophe bonds, according to recent comments made by CEO Barry Gilway.
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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