Best of Artemis, week ending 18th October 2015

Here are the ten most popular news articles, week ending 18th October 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 18th October 2015:

1. P&C re/insurance pricing outlook bleak over next 18 months: Moody’s
   The outlook for property and casualty (P&C) insurance and as a result reinsurance pricing over the next 12 to 18 months is bleak, according to Moody’s, with a general environment of flat to down pricing with pressure particularly on commercial lines.

2. Vulnerable 20 nations to establish climate risk pooling facility
   The Vulnerable 20 (V20), a group of the most vulnerable nations to weather extremes and a changing climate, is aiming to establish a risk pooling mechanism for climate related risks within the next five years, it was announced at a recent meeting.

3. Attracting ILS & cat bonds will be challenging for London: Report
   A report published by global accounting firm Grant Thornton in partnership with UK Trade & Investment (UKTI) concludes that London and the UK will find attracting insurance-linked securities (ILS) business tough to achieve despite best efforts.

4. Acceptance of alternative reinsurance capital continues to rise: S&P
   Insurance and reinsurance ratings agency Standard & Poor’s (S&P) has predicted the growth of alternative capital to persist in the global reinsurance sector, citing that reinsurers increasingly view it as a cycle management tool rather than a threat.

5. Cat bond lite issuance reaches new heights in 2015
   The catastrophe bonds and insurance-linked securities (ILS) market has witnessed rapid growth in recent years, aided by the growing acceptance and use of cat bond lite structures, with 2015 already being a record year for private deal issuance.

6. Reinsurance business to remain “tough”, but rate declines to slow: S&P
   Global reinsurance players small and large expect the soft market conditions to persist into 2016 as the search for a pricing floor continues and ongoing market challenges test reinsurers’ sustainability and market relevance, according to Standard & Poor’s (S&P).

7. Demand pushes secondary cat bond prices higher in September
   Higher demand for secondary market catastrophe bond and ILS investment opportunities helped to drive prices higher in September, which alongside seasonality in the peak month of the U.S. wind season, drove attractive cat bond returns in the month.

8. Longevity reinsurance resource constraints lead to pinch-points: Aon
   A lack of manpower and resources for pricing longevity risks in the global reinsurance market is resulting in pinch points at times, making timing especially important for pension funds looking to hedge their longevity exposure, according to Aon Hewitt.

9. Regulators increase focus on alternative investment fund liquidity
   Financial market and securities industry regulators are increasing their focus on investment fund liquidity, as they aim to reduce the risk that in times of stress or crisis fund manager’s are better able to manage liquidity risk and honour investor redemptions.

10. HAA launches risk aggregation platform for ILS investors
    Huang & Associates Analytics (HAA), a firm targeting the insurance-linked securities (ILS) market’s growing demand for risk analytics solutions and advisory services, has launched a product named “RAPID”, Risk Aggregation Platform for ILS Decisions.

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 22 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’ Q3 2015 Catastrophe Bond & ILS Market Report – A market making steady progress

We’ve now published our Q3 2015 catastrophe bond & ILS market report.

This report reviews the catastrophe bond and insurance-linked securities (ILS) market at the end of the third-quarter of 2015, looking at the $1.093 billion of new risk capital issued and the composition of the cat bond & ILS transactions completed during Q3 2015.

Download your copy here.