Best of Artemis, week ending 10th April 2016

Here are the ten most popular news articles, week ending 10th April 2016, 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 10th April 2016:

1. Q1 2016 Cat Bond Market Report: A record $2.215bn first-quarter
   Our latest quarterly report on recent catastrophe bond and insurance-linked securities (ILS) issuance has now been published. The report, ‘Q1 2016 Catastrophe Bond & ILS Market Report – Another record first-quarter‘, analyses a record Q1 with $2.215 billion of issuance.

2. Below average 2016 hurricane season forecast, on cooler sea temps: TSR
   The 2016 Atlantic tropical storm and hurricane season is forecast to produce 12 named storms, 6 hurricanes and 2 major hurricanes, by Tropical Storm Risk, figures that are 20% below the long-term average and 15% below the recent 2006-15 average.

3. Reinsurers increase peak zone cat risk exposure despite softening: Moody’s
   Despite continued softening and resulting rate declines at the January 1st renewals, reinsurers’ probable maximum loss (PML) disclosures reveal that many actually increased their allocation to peak zone catastrophe risks, according to Moody’s Investors Service.

4. Aon trading platform supports fronted or collateralized reinsurance
   A new global reinsurance trading platform will be launched by reinsurance broker Aon Benfield on April 11th 2016. ABConnect Placements will also benefit and support alternative capital and ILS market participants that allocate capital to traditional reinsurance on a fronted and collateralized basis.

5. Alternative reinsurance capital grew 12% to $72bn in 2015: Aon
   Total global reinsurance capacity declined by 2% last year, standing at $565 billion at December 31st 2015. However, alternative reinsurance capital continued to increase its share of the overall market during the period growing by 12% to $72 billion, according to reinsurance broker Aon Benfield.

6. ISO to collect terror event data, help develop terrorism ILS solutions
   ISO, a division of Verisk Analytics is working to assist the development of improved terrorism insurance solutions, by collecting, aggregating and analysing data on global terror events for the U.S. Department of the Treasury, the company has announced.

7. Nephila’s Syndicate 2357 doubles profit, ups capacity by 68% for 2016
   Lloyd’s of London Syndicate 2357, backed by the largest manager of catastrophe and weather insurance or reinsurance linked assets, Nephila Capital, more than doubled its full-year profit in 2015 and has increased its stamp capacity for 2016 by 68% to $178.9m.

8. Cat-in-a-Box & parametric contract pricing app launched by RMS
   Risk modelling firm RMS has launched a new cloud-based application that enables all insurance, reinsurance or insurance-linked securities (ILS) markets to model, create and price parametric risk transfer cat-in-a-box contracts.

9. Bank of England warns of soft re/insurance market disconnect
   The Bank of England’s Chris Moulder, director of general insurance at the Prudential Regulation Authority (PRA), has warned of a disconnect between the supervisory discussions had with insurance and reinsurance firms and observed market behaviour.

10. Ventus MGA looks to insurtech to efficiently transfer risk to ILS capital
    Ventus Risk Management, a recently established MGA focused on sourcing and underwriting property catastrophe risks, with backing directly from the capital markets and ILS investors, is embracing technology to help make the transfer of its risks more efficient.

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 27 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’ Q1 2016 Catastrophe Bond & ILS Market Report – Another record first-quarter

We’ve now published our Q1 2016 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 2016, looking at the record $2.215 billion of new risk capital issued and the composition of the cat bond & ILS transactions completed during Q1 2016. The report also includes a review of global property catastrophe reinsurance pricing trends and commentary on dedicated reinsurance sector capital from co-editor GC Securities.

Download your copy here.