Best of Artemis, week ending 31st July 2016

Here are the ten most popular news articles, week ending 31st July 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 31st July 2016:

1. 50% of ILS capital could be wiped out by 1-in-200 hurricane: Deutsche Bank
   A 1-in-200 year U.S. hurricane loss event could result in insurance and reinsurance losses of as much as $150 billion, which could wipe out as much as 50% of the entire catastrophe bond, alternative capital and ILS market, according to analysts at Deutsche Bank.

2. Market Re 2016-5, first temperature cat bond since 1999 launched
   A new catastrophe bond has been launched which aims to be the first to cover temperature related weather risks since 1999, as sponsor Allianz Risk Transfer seeks $70m of coverage against European winter temperature extremes through a Market Re Ltd. (Series 2016-5) deal.

3. Reinsurance losses may be sufficient to install pricing floor: Macquarie
   The recent higher levels of catastrophe loss suffered by the insurance and reinsurance industry in the second-quarter, may be sufficient to help install a floor on reinsurance pricing at the January 2017 renewal season, analysts at Macquarie Research have suggested.

4. Reinsurance increasingly the cheapest form of capital: JLT Re
   The steady fall in the cost of reinsurance coverage has now typically made it the cheapest and most efficient form of contingent capital, when compared to ceding companies equity, debt and own capital, according to a new study from JLT Re.

5. Allianz Risk Transfer & Nephila in second wind farm revenue swap
   Alternative product specialist insurance and reinsurance firm Allianz Risk Transfer has closed a second innovative weather hedging revenue management transaction for a wind farm with the help of insurance linked asset manager Nephila Capital.

6. ILS management, more than just completing a transaction: Artex ILS team
   In the latest in our series of interviews with figures from the risk transfer and insurance-linked securities (ILS) and reinsurance markets, Artemis spoke with the ILS management and administration team at Artex Risk Solutions.

7. Solar storm space weather could cause $330bn insured loss: Research
   The University of Cambridge Centre for Risk Studies has released a report exploring the potential impact space weather could have on the U.S. economy and insurance industry, noting that its stress test scenario shows the insurance industry could face losses of as much as $334 billion.

8. Harrington Re advances “21st century” capital management for AXIS
   For insurance and reinsurance group AXIS Capital Holdings, the launch of new venture total-return reinsurer startup Harrington Re, is considered part of the firms “21st century” approach to managing its capital, with the help and backing of third-party investors.

9. AlphaCat assets hit $2.51bn at Validus, takes share of large losses
   AlphaCat Managers Ltd., the third-party reinsurance capital and insurance-linked securities investment management unit of Validus Group, raised another $206.3m of capital in the second-quarter to take its total ILS assets under management to $2.51 billion.

10. ILS a growth area at Schroders, higher Secquaero stake shows intent
    Global asset management group Schroders has underlined its commitment and ambitions in its insurance-linked securities (ILS) investment business, with the CEO of the group explaining that he sees it as a growth opportunity for the firm.

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 29 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 2016 Catastrophe Bond & ILS Market Report – A quiet quarter fails to keep up with investor demand

We’ve now published our Q2 2016 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 2016, looking at the new risk capital issued and the composition of transactions completed during Q2 2016.

Q2 2016 issuance failed to hit $2 billion, with just $1.624 billion of new risk capital issued from 14 transactions. This is the first time since 2011 that Q2 issuance has failed to reach $2 billion.

Download your copy here.