Best of Artemis, week ending 7th August 2016

Here are the ten most popular news articles, week ending 7th August 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 7th August 2016:

1. Parametric insurance launched for farmers in China, backed by Swiss Re
   The first parametric disaster insurance programme for farmers in China has been launched, covering participants against the impacts of flood, excessive rain, drought and low temperatures in 28 counties across Heilongjiang province.

2. Global Parametrics appoints ex-World Bank exec Hector Ibarra to CEO
   Global Parametrics, the recently launched start-up that aims to sell parametric and index-based risk transfer to organisations which are largely unprotected today, has hired Hector Ibarra, previously of the World Bank, as its Chief Executive Officer (CEO).

3. Lloyd’s puts Index on hold, as Brexit takes priority
   The Lloyd’s of London insurance and reinsurance market has put its plans to launch an index for diversified insurance risks, featuring loss ratios and data on the insurance market’s performance, on hold as understanding the impact of Brexit takes priority.

4. Reinsurance price surge after mega-loss to be smaller: Deutsche Bank
   Analysts at Deutsche Bank have warned that even a mega industry loss event might not be enough for reinsurers to sufficiently push up pricing due to capacity and capital, further evidence of the flattening of the market cycle.

5. Reinsurance, ART, ILS, insurtech to help mutual insurers: Swiss Re
   Customised or tailored reinsurance arrangements, alternative risk transfer (ART) solutions and insurance-linked securities (ILS), alongside insurance technology developments (insurtech) are all seen as key to help mutual insurance firms grow their businesses and compete.

6. At XL size matters in reinsurance, but so does selecting the right capital
   XL Group, the recently re-domiciled to Bermuda insurance and reinsurance group, believes firmly that size matters as a provider of reinsurance capacity, but also that when selecting how to manage risks choosing the right capital source is key.

7. Excess reinsurance capital not the issue, it’s lack of demand: Des Potter, GC
   The problem with the global reinsurance market today is not the abundance of capital from both traditional and alternative sources, but a lack of sufficient demand for reinsurance protection across the globe, according to Des Potter, Head of GC Securities, Europe, the Middle East and Africa (EMEA).

8. Inflow of ILS capital into reinsurance no longer exponential: JLT Re
   Alternative capital is clearly a permanent feature of the global reinsurance market and will continue to increase its share of the global property catastrophe limit, but its growth in the space should no longer be termed as exponential, says JLT Re.

9. Suncorp bulks up on reinsurance, sees catastrophe frequency rising
   Australian primary insurance group Suncorp has bulked up on its catastrophe and weather reinsurance protection again, as the firm has increasingly suffered losses and its CEO states that the increased frequency of medium-sized catastrophe losses is hurting the firm.

10. ILS capital & parametric triggers help reduce corporate deductibles
    For corporations large and small the purchase of their traditional insurance protection typically includes a large deductible, which can be very expensive to reduce. Underlining an opportunity for the capital markets and parametric triggers to provide companies with a more efficient means of reducing risk.

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 25 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.