Best of Artemis, week ending 20th April 2014

Here are the ten most popular news articles, week ending 20th April 2014, on catastrophe bonds, reinsurance capital and related risk transfer topics, from the last seven days on Artemis. To ensure you never miss a thing  subscribe to the weekly Artemis email newsletter updates.

Top ten most viewed articles on Artemis.bm, week ending 20th April 2014:

1. The capitalisation of the reinsurance business is changing
   The way the reinsurance business is capitalised has changed over the last decade, as an increasing amount of capacity funded by capital market investors has entered the sector seeking to benefit from the returns possible on reinsurance business.
2. Lloyd’s to proactively embrace reinsurance convergence trend
   As suggested previously by Artemis, the Lloyd’s of London insurance and reinsurance market’s new strategic plan, published today, calls for the market to proactively embrace reinsurance convergence and new capital sources as a key strategic priority.
3. Consolidation ahead for smaller reinsurers: Munich Re CFO
   The CFO of the world’s largest reinsurance company, Munich Re, told a German newspaper this weekend that consolidation through mergers & acquisitions may be ahead for smaller reinsurers pressured by pricing and other factors.
4. Richard Brindle retires from Lancashire Holdings, Maloney appointed CEO
   Richard Brindle, the founder and CEO of specialty insurance and reinsurance company Lancashire Holdings Limited is to retire, according to a release. Group Chief Underwriting Officer Alex Maloney will be appointed the new CEO.
5. Endurance thinks bigger is better in re/insurance, makes offer for Aspen
   Insurance and reinsurance firm Endurance Specialty Holdings has made a, what’s being termed hostile, takeover bid for Aspen Insurance Holdings Ltd., but the offer has been firmly rejected by Aspen
6. Everest Re’s Kilimanjaro Re cat bond grows to $450m with demand
   The first catastrophe bond from new sponsor Everest Reinsurance Company, Kilimanjaro Re Ltd. (Series 2014-1), has increased in size by 80% to $450m and pricing guidance has dropped due to strong investor demand.
7. Reinsurance downside risks grow, June renewals will test: Moody’s
   There are more downside risks for the reinsurance industry today than there were six months ago, as the sector risks giving up more ground before finding a floor on catastrophe reinsurance pricing, said rating agency Moody’s recently.
8. Interview: Dmitry Mnushkin, President, Treefrog Consulting Ltd.
   The latest in our series of interviews with figures from the risk transfer and insurance-linked securities markets saw us speak with Dmitry Mnushkin, President of reinsurance and risk software consultancy Treefrog Consulting Ltd.
9. Florida takeout insurer Heritage in second Citrus Re cat bond
   Florida Citizens takeout insurer and first time catastrophe bond sponsor Heritage Property and Casualty Insurance is issuing a second series of cat bond notes already, with the launch of Citrus Re Ltd. (Series 2014-2).
10. Willis adds two, strengthens WCMA’s reinsurance capital markets team
    Global insurance and reinsurance broker Willis Group has added two new hires to its capital markets and insurance-linked securities (ILS) focused Willis Capital Markets & Advisory (WCMA) unit as it seeks to capitalise on the sector’s growth.

This is by no means every article published on Artemis during the last week, just the most popular, some of which were published over a week ago. There were 23 new articles published in the last week. To ensure you always stay up to date with Artemis and never miss a story subscribe to our weekly email newsletter which is delivered every Wednesday.

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