Best of Artemis, week ending 16th June 2013

The primary catastrophe bond market exploded back to life with four new transactions launching in the last week, read about all of them here. 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 16th June 2013:

1. PERILS release satellite-based flood footprints for flooding in Central Europe
   Zurich based independent provider of industry-wide European catastrophe insurance data and loss indices, PERILS AG, has released satellite-based flood footprints for the ongoing catastrophic flooding event in Central Europe.
2. European floods could produce record losses in Germany: Fitch
   Fitch Ratings has said in an update that it expects the recent European flooding, which hit Central Europe particularly hard, may cause insured losses of €3 billion in Germany alone.
3. Private cat bond platform launched by Tokio Solution Management and GC Securities
   Tokio Solution Management Ltd., the collateralized reinsurance and insurance-linked securities arm of reinsurer Tokio Millennium Re, and GC Securities, the capital markets arm of broker Guy Carpenter, have teamed up to create and launch a private catastrophe bond platform called the Tokio Tensai™ Platform.
4. Cheaper ILS products to end golden era for property CAT margins: Numis
   An analyst report from Numis Securities suggests that the influence of capital market capacity and the availability of cheaper insurance-linked securities (ILS) products will end the golden era for property catastrophe margins.
5. Credit Suisse to move Iris ILS fund out of cat bonds in hunt for return
   In the latest monthly managers update for the DCG Iris insurance-linked securities fund, the London Stock Exchange listed closed end ILS investment fund operated by Dexion Capital, it is revealed that Credit Suisse intends to move one of its funds out of catastrophe bonds in an attempt to find a better return for investors.
6. Amlin launches Tramline Re II U.S. & Canada quake catastrophe bond
   Amlin plc is to sponsor its second catastrophe bond transaction with the launch of Tramline Re II Ltd. (Series 2013-1). The deal sees Amlin looking for a new source of multi-year, fully-collateralized reinsurance for U.S. and Canadian earthquake risks.
7. On the non-correlation, or otherwise, of catastrophe bonds. And drooling
   Some thoughts on catastrophe bonds and correlation, whether investors have really been drooling over recent issuance or perhaps they have more discipline.
8. New Queen Street VIII Re catastrophe bond includes Australian peril
   Munich Re, the world’s largest reinsurance company, is bringing another of its Queen Street catastrophe bond deals to market, according to our sources, in Queen Street VIII Re Limited.
9. Axis appoints two to head new Weather & Commodity Markets initiative
   Bermuda based global insurance and reinsurance group AXIS Capital Holdings Ltd. has been busy launching new initiatives in recent days. First it announced the launch of its third-party capital and capital markets initiative last week and now this week it has announced a new Weather and Commodity Markets unit.
10. Twelve Capital to manage Falcon Private Bank ILS funds
    Swiss based specialist insurance and reinsurance-linked investment manager Twelve Capital has agreed a transaction with Falcon Private Bank, a boutique Swiss weather manager, which will see Twelve Capital take on the management of the Falcon insurance-linked securities (ILS) business and investment funds.

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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