Best of Artemis, week ending 26th February 2017

Here are the ten most popular news articles, week ending 26th February 2017, 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.

Ten most viewed articles on Artemis.bm, week ending 26th February 2017:

1. Aon and SS&C launch one-stop insurance-linked securities platform
   Aon Insurance Managers, part of global insurance and reinsurance brokerage Aon plc, and SS&C Technologies, the world’s largest fund administrator, have announced the launch of a one-stop platform for the insurance-linked securities (ILS) market.

2. Nephila & Greenlight Re provide United quota-share reinsurance
   The largest insurance-linked securities (ILS) investment fund manager Nephila Capital participated in a new 20% quota-share reinsurance arrangement for Florida-focused United Insurance Holdings, as the company seeks to reduce its exposure to catastrophe loss events.

3. World Bank, Swiss Re backed Kenya livestock index insurance pays out
   An index-based livestock insurance program in Kenya, which was launched with the backing of the World Bank and with reinsurance from Swiss Re, has been triggered and will pay out $2 million to farmers hit by drought.

4. Key challenges to ILS allocation revealed in investor survey
   Fees charged, the education of stakeholders and understanding the risks are key challenges investors in today’s sophisticated insurance-linked securities (ILS) market are faced with when allocating to the space, according to a report by Clear Path Analysis.

5. Swiss Re binds less renewals as prices decline, business model adjusts
   Reinsurance firm Swiss Re underwrote 18% less renewal business at the 1st January 2017, renewing $8.5 billion of a possible $10.3 billion, as it continues to navigate softening reinsurance markets and looks to protect its profitability.

6. APEC needs disaster risk financing, ILS should play a role
   The 21 member economies of the Asia-Pacific Economic Cooperation (APEC) are once again meeting this week and disaster risk financing, insurance and reinsurance are hot on the agenda, as leaders in the region recognise the importance of increasing protection.

7. New Ocean delivers increased value to XL & investors as assets rise
   Bermuda domiciled insurance-linked securities (ILS) and reinsurance linked investment manager New Ocean Capital Management Limited (New Ocean) has delivered increased value to its stakeholders and third-party investors over the course of 2016.

8. Cayman to fast-track cat bond license approvals
   The Cayman Islands has made some changes to its regulatory framework for catastrophe bonds, with a new fast-track license approval process that aims to streamline the issuance of cat bonds registered in the domicile.

9. Aspen expands capital market activities with Peregrine Re
   Aspen Insurance Holdings has expanded its capital markets activities through its Peregrine Reinsurance Ltd. vehicle recently, utilising it for segregated account re/insurance deals for a broader range of risks, backed by third-party investors.

10. United suffers loss on catastrophes, reinsurance & ILS to take share
    Florida’s United Insurance Holdings has reported a loss for the fourth-quarter of 2016 and a much reduced profit for the full-year after catastrophe losses took the firm to an underwriting loss, but its reinsurance providers, including ILS fund managers, who will take a significant share.

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’ Q4 2016 Catastrophe Bond & ILS Market Report – Market reaches new heights

We’ve now published our Q4 2016 catastrophe bond & ILS market report.

This report reviews the catastrophe bond and insurance-linked securities (ILS) market at the end of the fourth-quarter of 2016, looking at the new risk capital issued and the composition of transactions completed during Q4 2016.

Q4 saw $2.13 billion of risk capital issued from six transactions, exceeding the ten-year average for the quarter by approximately $337 million. Strong investor and sponsor appetite throughout 2016 helped the market end the year at a new record size, of $26.82 billion.

Download your copy here.