Best of Artemis, week ending 1st December 2013

You can read every market news story and article, week ending 1st December 2013, here on the Artemis news blog. Subscribe to the 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 1st December 2013:

1. More hedge funds and asset managers to launch reinsurers: EY
   According to global assurance, tax, advisory and transactions firm EY (Ernst & Young) more asset managers are likely to launch their own reinsurance firms as they seek to emulate the successful hedge fund reinsurer strategy to leverage reinsurance premiums as a source of capital.
2. Philippines working with World Bank on options for disaster risk transfer
   The government of the Philippines is working with the World Bank on its options for disaster risk transfer, as it seeks to find a way to protect itself against the financial impacts that natural catastrophes have on its economy.
3. Pension Insurance Corp. acquires £1.4 billion of longevity reinsurance
   Pension Insurance Corporation (PIC), a specialist provider of insurance and risk transfer solutions for defined benefit pension funds, announced today that it has recently acquired reinsurance to cover £1.4 billion of its own longevity exposure.
4. Economic costs of weather volatility exceed impact of natural catastrophes
   The annual economic costs from routine weather variance or weather volatility can far exceed the costs caused by natural catastrophes, according to a report showing the importance of weather risk management from insurer Allianz Global Corporate & Specialty SE.
5. Abundant capital, rising retentions converging on reinsurers
   A new report from rating agency A.M. Best looks at the fortunes of the U.S. and Bermuda reinsurance market and concludes that reinsurers are currently stuck in the middle of two converging forces, abundant capital and rising retentions.
6. Bermuda ILS Market Report shows increasing use as ILS domicile
   A new quarterly publication from the Bermuda Monetary Authority, the first edition of which was published yesterday, shows that Bermuda is increasingly being used as a domicile for insurance-linked securities (ILS) and catastrophe bond issuance.
7. A suggestion for an ILS and cat bond collateral safety mechanism
   Recently, two outstanding catastrophe bonds have seen impairments to the value of the collateral assets held in trust, which would eventually be used for loss payments or be returned to the cat bonds investors, putting investors at risk of a small loss of principal.
8. Alternative reinsurance capacity up by 80% since 2010: Swiss Re
   Global reinsurer Swiss Re said that it believes the amount of alternative reinsurance capital backed capacity in the global reinsurance market has increased by 80% since 2010 and is expected to continue growing, perhaps as fast as demand for catastrophe reinsurance increases.
9. Catastrophe bond market reaches all-time high with 20% growth: Swiss Re
   Global reinsurance firm Swiss Re says that 2013 will be the second strongest for catastrophe bond and insurance-linked securities (ILS) issuance on record, helping the outstanding cat bond market grow by 20% this year to reach an all-time high.
10. Everest Re’s sidecar, Mt. Logan Re, appoints David Whiting as CUO
    Bermuda based reinsurer Everest Re Group Ltd.’s collateralized reinsurance sidecar, Mt. Logan Re, Ltd., has announced the appointment of experienced industry executive David Whiting to the position of Chief Underwriting Officer.

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.

If you’re looking for details on catastrophe bond and ILS transactions our Deal Directory has more than 300 listed.

Get listed in our MarketView directory of professionals.

Keep up with the 2013 Atlantic Hurricane Season here.