Best of Artemis, week ending 27th September 2015

Here are the ten most popular news articles, week ending 27th September 2015, covering catastrophe bonds, ILS, reinsurance capital and related risk transfer topics. 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 September 2015:

1. Alternative reinsurance capital is coming of age: S&P
   The permanence of alternative capital in the global reinsurance sector, underlined by the growing acceptance and understanding of alternative re/insurance structures by traditional re/insurance players, shows the capital is coming of age, according to S&P.

2. Re/insurance & ILS can turn protection gap failure into market success
   The protection gap – underinsurance in emerging and developing economies and the gap between economic and insurance losses – has been a hot topic for the world’s leading reinsurance companies and brokers at this year’s Monte Carlo Rendez-vous.

3. Cat bonds demonstrate low-correlation to financial markets in August
   Levels of trading in the secondary market for catastrophe bonds dropped in August, despite global financial market volatility, as the summer holidays hit the appetite to trade and investors looked to hold positions to benefit from seasonal spread tightening.

4. Alternative reinsurance capital ‘Uberized’ re/insurance: Aon Benfield
   The influx of alternative capital in the global insurance and reinsurance landscape, from traditional and increasingly capital market sources has caused the sector to experience ‘Uberized’ supply competition, according to reinsurer Aon Benfield.

5. Peru buys catastrophe insurance to protect farmers from El Niño losses
   The government of Peru has established a catastrophe insurance facility for the countries farmers, buying a private risk transfer contract to cover around 550,000 hectares of crops, aiming to cover losses up to around $156m.

6. GCube launches wind & hydro power weather risk transfer product
   Renewable energy focused underwriting specialists, GCube Underwriting Ltd. (GCube), has launched a new weather risk transfer product for the wind and hydroelectric energy sectors, an area that increasingly reinsurance and insurance-linked securities (ILS) players seek to tap into.

7. London ILS work about innovation & leveling the playing field: Hearn
   The work being undertaken by the London Market Group (LMG) and HM Treasury to make London an attractive hub for insurance-linked securities (ILS) is all about ensuring that London remains at the forefront of innovation in insurance and reinsurance and that a level playing field exists.

8. Reinsurers to increasingly act as capital market transformers: A.M. Best
   Over the next ten years global reinsurers will likely increasingly act as service providers to capital market or ILS investors, with operating units providing transformer or fronting services, as access to efficient capital becomes increasingly vital.

9. CATCo considers raising new capital for retro reinsurance fund
   Bermuda-headquartered CATCo Investment Management, the reinsurance and retrocessional reinsurance linked investment and fund manager, said this morning that it may seek to raise new capital through a new equity raise for its listed Reinsurance Opportunities Fund.

10. Outstanding cat bond & ILS market grows to $25 billion+ again
    The catastrophe bond and insurance-linked securities (ILS) market has clawed back almost all of the risk capital lost due to heavy maturities seen during the first-half of 2015, with the outstanding size of the market now back above $25 billion for the first time since the start of the year.

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 28 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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Artemis’ Q2 2015 Catastrophe Bond & ILS Market Report – Keeping up with demand

We’ve now published our Q2 2015 catastrophe bond & ILS market report.

This report reviews the catastrophe bond and insurance-linked securities (ILS) market at the end of the second-quarter of 2015, looking at the $3.162 billion of new risk capital issued and the composition of the cat bond & ILS transactions completed during Q2 2015.

Download your copy here.