Best of Artemis, week ending 27th April 2014

Here are the ten most popular news articles, week ending 27th 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 27th April 2014:

1. Everglades Re 2014 cat bond hits $1.5 billion, prices towards upper end
   Florida’s Citizens Property Insurance Corporation’s latest catastrophe bond transaction, Everglades Re Ltd. (Series 2014-1), has grown again to hit a new record at $1.5 billion in size, a 275% upsizing from the $400m the deal was initially launched at.
2. ILS capital inflows may slow if rates remain low: Munich Re
   Inflows of capital into the reinsurance space through insurance-linked securities (ILS) and catastrophe bond funds may experience a downturn if ILS rates remain at current low levels, warns the world’s largest reinsurance company Munich Re.
3. TWIA actuarial committee approves plan to issue catastrophe bond
   Texas Windstorm Insurance Association’s (TWIA) plan to pursue its first catastrophe bond issuance in 2014, which we covered here yesterday, has been approved by the Actuarial & Underwriting Committee and a proposal will be sent to the TWIA board.
4. M7.2 earthquake close to the trigger of MultiCat Mexico 2012 cat bond
   A magnitude 7.2 earthquake which struck Mexico on Friday 18th April in the south-western state of Guerrero, came very close to the magnitude and location required to breach the parametric trigger of the MultiCat Mexico Ltd. (Series 2012-1) catastrophe bond.
5. Fitch reiterates negative outlook for global reinsurance sector
   Fitch Ratings has reiterated its negative outlook for the reinsurance sector in a report today, citing developing market trends which have caused a deterioration of the reinsurance markets core fundamentals.
6. ‘Reinsurance, capital markets reluctant to take on terrorism risk’
   So says the U.S. President’s Working Group on Financial Markets (PWG), in a recent report to Congress looking into the long-term availability and affordability of terrorism risk insurance which was published last Thursday.
7. W.R. Berkley CEO expects reinsurer consolidation, to tap alternative capital
   High levels of competition in the global reinsurance market, with excess capital in the sector and alternative reinsurance capital a factor, will result in a lot of reinsurer consolidation, particularly among the ‘billion dollar club’, according to William R. Berkley.
8. Stone Ridge opens first repurchase offer for Interval ILS fund
   Stone Ridge Asset Management, the New York based manager of three mutual funds focused on investments linked to reinsurance and insurance-linked securities (ILS), has opened its first repurchase program offering investors in its Interval fund a liquidity opportunity.
9. Allstate back with $600m Sanders Re 2014 catastrophe bond
   U.S. primary insurer Allstate is returning to the catastrophe bond market with a second Sanders Re issuance. Sanders Re Ltd. (Series 2014-1) is a $600m or larger U.S. named storm and earthquake cat bond structured across three, perhaps four tranches.
10. Randall & Quilter still working on exit solutions for ILS investors
    Specialist non-life insurance investor, service provider and underwriting manager, Randall & Quilter Investment Holdings continues to develop solutions to provide insurance linked investors with exit strategies in the event of a claim.

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.

If you’re looking for details on catastrophe bond and ILS transactions our Deal Directory has more than 315 listed.

Get listed in our MarketView directory of professionals.

Q1 2014 Catastrophe Bond & ILS Market Report – A Record Quarter

Don’t forget to download your copy of our Q1 2014 catastrophe bond & ILS market report.

This report reviews the catastrophe bond and insurance-linked securities (ILS) market at the end of the first-quarter of 2014, looking at the new risk capital issued and the composition of the transactions completed during Q1 2014. Download your copy here.