Best of Artemis, week ending 27th July 2014

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

1. ILS capital more rational on price than traditional reinsurance: RBC
   There have been many claims that alternative reinsurance capital, or capital from insurance-linked securities (ILS), is less rational than traditional reinsurers when it comes to underwriting. Recently though, it is beginning to look the other way around.

2. Differing views on margin drive reinsurance competition: Platinum CEO
   Differing, or non-homogenous, views on underwriting profit margin are driving the competition in reinsurance markets, as markets continue to test for the optimal, lowest profit margin above loss costs, according to Platinum’s Michael Price.

3. Nephila taps catastrophe risk returns in deal with State National Companies
   Nephila Capital, the largest insurance-linked securities (ILS) investment manager with $10 billion of reinsurance and catastrophe-linked assets under management, is increasingly targeting the insurance market as a risk capital provider in order to tap new sources of return.

4. Swiss Re helps Chinese crab farmers to weather-index insurance
   Reinsurance giant Swiss Re has teamed up with Chinese firm China Pacific Insurance (CPI), to introduce a temperature-index insurance scheme to protect the $73 million hairy crab industry.

5. Capital inflow into ILS hit $3.1B in Q2. ILS capacity at record high: Munich Re
   Net capital inflow into insurance-linked securities (ILS) hit $3.1 billion in Q2 2014, as the brisk issuance and the largest single catastrophe bond issuance in the market’s history pushed outstanding cat bond capacity to a record high, said reinsurer Munich Re

6. TransRe invests in Florida primary P&C insurer Monarch
   Transatlantic Reinsurance Company (TransRe) is another example of a reinsurer investing in a Florida start-up property and casualty insurance carrier, making a small debt investment in Monarch while also securing a right of refusal to provide reinsurance.

7. Weather & climate disasters have cost the global economy $2.4 trillion
   Demonstrating the need to increase financial protection against weather, climate and water related disasters, a new report from the WMO shows that between 1970 and 2012 the global economy suffered a huge $2.4 trillion of losses as a result of these events.

8. Pension plan longevity set to jump with new actuarial mortality tables
   The longevity risk exposure and liabilities of many defined benefit pension plans are set to jump once a new set of actuarial mortality tables are introduced during 2016, according to a consultancy.

9. Everest Re adds $50m more third-party capital to Mt. Logan Re sidecar
   Bermuda based reinsurance company Everest Re has continued to have success in attracting capital markets investors to its Mt. Logan Re collateralized reinsurance sidecar, adding another $50m of third-party capital to it during the second quarter.

10. Aspen’s Silverton Re reinsurance sidecar sees 12% performance YTD
    Global insurance and reinsurance firm Aspen’s collateralized reinsurance sidecar Silverton Re looks to have achieved 12% performance in the first six months of 2014, according to the firms quarterly results published yesterday.

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 26 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.