Best of Artemis, week ending 13th July 2014

Here are the ten most popular news articles, week ending 13th July 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 13th July 2014:

1. Reinsurance renewals continue double-digit downwards trajectory: Guy Carpenter
   Reinsurance broker Guy Carpenter is the latest to review the mid-year reinsurance renewals and concurs with the other leading brokers that reinsurance rates have largely continued their double-digit downwards trajectory in July.

2. The death of the traditional catastrophe reinsurance model
   Delegates at an event held in Bermuda recently suggested that the traditional catastrophe reinsurance model may already be dying, as investors providing alternative reinsurance capital move in with more efficient structures and lower-cost capital.

3. Amlin to increase stake in Leadenhall Capital Partners to 75%
   Amlin plc, the non-life insurance and reinsurance group, announced that it has reached a non-binding agreement in principle to increase its stake in insurance-linked securities (ILS) and reinsurance-linked investments manager Leadenhall Capital Partners.

4. Stone Ridge increases ILS & reinsurance-linked assets to $1.8 billion
   New York based Stone Ridge Asset Management, which offers mutual fund investments in alternative risk exposures including reinsurance and insurance-linked securities (ILS), has increased its assets under management to almost $1.8 billion.

5. Supertall buildings could provide opportunities for ILS market
   The world’s first kilometer high building is set to be finished in 2019, Jeddah’s $1.5 billion ‘Kingdom Tower’, demonstrating the imminent rise of supertall buildings and creating opportunities for the insurance-linked securities market.

6. Reinsurance market sees lowest risk margins in a generation: Aon Benfield
   The global reinsurance market is seeing the lowest risk margins in a generation, as traditional and alternative reinsurance capacity providers discover just how low their cost-of-capital will go, according to Aon Benfield’s latest renewal report.

7. Slower growth but with more innovation is the future for ILS
   After a period of what ILS market participants termed surprisingly rapid growth, the insurance-linked securities (ILS) market is set for slower growth ahead, but with more innovation, leading to a deeper participation by alternative capital in reinsurance.

8. Cat bond price compression leads to low ILS fund returns in May
   The average return of the insurance-linked securities (ILS), reinsurance linked investment and pure catastrophe bond fund market sank to a new low for 2014 of just 0.09% in May, according to the latest data from the Eurekahedge ILS Advisers Index.

9. ILS & cat bond market smashes records, innovation to drive growth: Aon
   The insurance-linked securities (ILS) market saw records smashed as sponsors secured a record quarters worth of catastrophe bond coverage, according to the latest ILS market report from broker Aon’s capital markets unit, Aon Benfield Securities.

10. BT pension scheme in record £16 billion longevity swap transaction
    The largest longevity swap transaction ever seen has been announced this morning, with the UK’s BT Plc (telecommunications company) offloading a huge £16 billion of its longevity exposures through a longevity swap transaction.

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 21 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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Q2 2014 Catastrophe Bond & ILS Market Report – The Biggest Quarter, The Biggest Catastrophe Bond

We’ve now published our Q2 2014 catastrophe bond & ILS market report.

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