Best of Artemis, week ending 6th October 2013

Here are the top ten articles as viewed by our readers week ending 6th October 2013. 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 6th October 2013:

1. UK regulator to monitor alternative reinsurance capital trend
   Julian Adams, the Deputy Head and Insurance Director of the Bank of England’s Prudential Regulation Authority (PRA) spoke to the Lloyd’s of London insurance market today and discussed the regulator’s approach to supervision of insurance and in particular the alternative reinsurance capital trend.
2. Will Canada be next for catastrophe bonds?
   The remarks made by the head of the top financial services and insurance regulator in Canada, which called for insurers to look to catastrophe bonds as an alternative way to access risk transfer and reinsurance capital, have sparked some speculation on when we’ll see a cat bond covering solely Canadian perils.
3. Stone Ridge to launch ‘Interval’ ILS fund, to invest in illiquid assets
   New York based insurance-linked securities and reinsurance-linked investment firm Stone Ridge Asset Management is launching a new ILS fund, the Stone Ridge Reinsurance Risk Premium Interval Fund, as it seeks to offer investors access to more illiquid reinsurance-linked investments.
4. Resource Re Ltd., first Multi-Strat Re reinsurer, raising capital
   Resource Re Ltd., the first reinsurer to join the Multi-Strat Re Ltd. Bermuda based reinsurance venture that seeks to enable asset managers, such as hedge fund managers, to enter the reinsurance market with less friction, is now actively raising capital.
5. SAC Capital putting reinsurer SAC Re up for sale, say reports
   According to numerous reports in the press, SAC Capital, the embattled hedge fund owned by Steven A. Cohen, is looking for a buyer for its year old reinsurer SAC Re, as the hedge fund continues to fight insider trading charges.
6. Nephila Capital’s syndicate 2357 will educate investors about Lloyd’s
   The approval and launch of the first Lloyd’s of London re/insurance market syndicate to be wholly backed by an insurance-linked securities (ILS) managers capital is expected to play a key role in educating a new audience of global investors about the Lloyd’s market.
7. India’s GIC Re approves use of catastrophe bonds for risk transfer
   India’s national reinsurance company, General Insurance Corporation of India or GIC Re for short, will look to catastrophe bonds as a potential source of risk capital and transfer as it seeks to provide cover for losses and access capital at cheaper rates, according to a report.
8. Investment returns boost Third Point Re
   Strong investment performance has boosted Bermuda headquartered reinsurance firm Third Point Reinsurance Ltd’s share price, after the hedge fund backed reinsurer reported attractive returns from its investment assets managed by hedge fund Third Point LLC.
9. PCS triggers back 24% more catastrophe bond risk capital in 2013
   In the first nine months of 2013 approximately $2.1 billion catastrophe bond risk capital issued was based on a trigger which utilises data from Property Claims Services (PCS).
10. Calypso Capital II Euro wind cat bond grows by 75% to Euro350m
    AXA’s latest catastrophe bond transaction, Calypso Capital II Ltd., has grown by 75% while marketing to now offer €350m of protection against losses from windstorm events in Europe. At the same time the price guidance has fallen to the low-end of the marketed range.

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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