Best of Artemis, week ending 9th October 2016

Here are the ten most popular news articles, week ending 9th October 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.

Download our new catastrophe bond & ILS market report, reviewing Q3 2016 issuance.

Ten most viewed articles on Artemis.bm, week ending 9th October 2016:

1. Hurricane Matthew dominates the news
   Hurricane Matthew approached the U.S. via the Caribbean, causing significant damage and loss of life in its path. The impact on the U.S. and to the insurance and reinsurance industry remains uncertain. Artemis covered the event and its potential ramifications for the ILS and cat bond market as it happened.

2. Sompo Japan acquires Endurance for $6.304 billion
   Endurance Specialty Holdings Ltd., Bermuda-based property and casualty insurance and reinsurance firm and owner of collateralised reinsurance and ILS fund manager Blue Capital Management Ltd., has been acquired by Sompo Japan for a total consideration of $6.304 billion.

3. Bailey named Head of Capital Markets, Aon Securities, London
   Aon Securities has appointed Darren Bailey as Head of Capital Markets (Capital Markets Team – Aon Securities) in the firm’s London office, as it rebuilds its European-based insurance-linked securities (ILS) focused team in the wake of two departures.

4. Re/insurers must innovate, seize evolving market opportunities: GC’s Carter
   The ability to innovate and adapt to the changing risk landscape and disruptive forces reshaping the global economy is becoming ever more important for insurers and reinsurers, according to Victoria Carter, Vice Chairman of International Operations at Guy Carpenter.

5. Oortfolio launch to increase liability risk transfer innovation: Praedicat
   The launch of Oortfolio™, a liability insurance risk modeling platform from Praedicat, could stimulate innovation in liability insurance risk transfer, such as attracting new capital by enabling it to better quantify liability exposures and even liability catastrophe bonds.

6. Rejal to head liquid alternatives (including ILS) at Willis Towers Watson
   Sara Rejal has been promoted to a newly created role of Head of Liquid Alternatives, in the investment consultancy and advisory business of Willis Towers Watson, a role that will see her take on reinsurance and insurance-linked securities (ILS) investment consultancy responsibility.

7. PCS designates first two Turkish catastrophe events, both terror related
   Property Claim Services (PCS) has designated its first two catastrophe events under its PCS Turkey catastrophe loss aggregation and industry loss estimation service, with both events being terrorism insurance related.

8. Blue Capital: No changes due to Sompo acquisition of Endurance
   The acquisition of specialist Bermuda-headquartered insurance and reinsurance firm Endurance Specialty Holdings Ltd. by Japanese insurance giant Sompo Holdings is not expected to result in any changes to the management of collateralized reinsurance and ILS specialist Blue Capital Re.

9. ILS could assist IDF’s contribution to the G7 InsuResilience target
   The Insurance Development Forum (IDF) has expressed its support of the G7 InsuResilience target and proposed the formation of a Technical Assistance Facility (TAF), which, aims to support increased insurance penetration in emerging regions and that could be supported by the insurance-linked securities (ILS) space.

10. Robust administration & valuation of ILS funds vital: Horseshoe / IKONIC
    The importance of robust administration, oversight and valuation of insurance-linked securities (ILS) funds, particularly those investing in hard-to-value private ILS transactions, cannot be overstated, according to Horseshoe Group and IKONIC.

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 30 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 2016 Catastrophe Bond & ILS Market Report – Weather risk returns, private deals, market growth

We’ve now published our Q3 2016 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 2016, looking at the new risk capital issued and the composition of transactions completed during Q2 2016.

Q3 saw $1.087 billion of risk capital issued from eight transactions, making it the third most active Q3 of the last decade in terms of deal volume, and one of the busiest in the market’s history in terms of number of deals. Strong investor appetite for cat bond and ILS investment saw the outstanding market size increase from the $25.174 billion recorded at the end of Q2, to $25.449 billion.

Download your copy here.