Best of Artemis, week ending 11th June 2017

Here are the ten most popular news articles, week ending 11th June 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.

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Ten most viewed articles on Artemis.bm, week ending 11th June 2017:

1. $100m World Bank pandemic facility cat bonds launched by IBRD
   The first catastrophe bonds that will support the World Bank designed Pandemic Emergency Financing Facility (PEF) have been launched to the investment community.

2. Keynote speakers announced for ILS Asia 2017, tickets still available
   Today we’re delighted to announce four keynote speakers for our upcoming ILS Asia 2017 conference, which is being held at the Marina Bay Sands complex in Singapore on the 13th July. Tickets remain available so please register to attend today.

3. Hudson Structured & MultiStrat complete novel casualty ILS transaction
   Insurance and reinsurance specialist investment manager Hudson Structured Capital Management is allocating to a novel third-party liability, or casualty risk, transaction that has been arranged by MultiStrat Advisors Ltd., enabling it to access the returns of workers’ compensation insurance risks.

4. Turing Re collateralized sidecar launched at $65m by Hamilton Re
   Hamilton Re, the Bermuda-based reinsurance unit of Hamilton Insurance Group, has set up its first collateralized reinsurance sidecar vehicle, capitalising the special purpose insurance vehicle Turing Re Ltd. with $65 million of capital.

5. Flood cat bonds? Flood sidecars? How can the NFIP de-risk using ILS?
   As the National Flood Insurance Program (NFIP) increasingly looks to risk capital, from traditional reinsurance and in the future capital markets, in order to de-risk itself and better protect the taxpayers who ultimately back it, it’s perhaps more likely we see ILS structures in the form of a sidecar than a flood catastrophe bond.

6. Brexit, regulatory uncertainties challenge London’s ILS ambitions: Experts
   Some insurance-linked securities (ILS) market participants have expressed uncertainty as to whether London’s ambitions of becoming a global ILS hub will be beneficial to investors and the asset class, noting Brexit as an additional challenge for ILS in London.

7. SCOR hires Wolfgang Murmann as Head of Longevity, EMEA
   Reinsurance firm SCOR has hired seasoned longevity risk transfer executive Wolfgang Murmann to be the firms new Head of Longevity for the EMEA region, picking him up from asset management giant Insight Investment where he worked on solutions for pensions and institutions.

8. Nephila features again as Universal completes reinsurance placement
   Floridian insurer Universal Insurance Holdings has finalised its 2017-2018 reinsurance programme, with Nephila Capital once again being cited as a key participant. The insurer noted a continuation of the trend of increasing conservatism, a new contract that reduces its retention on certain coverage, and the expansion of its single Florida event reinsurance tower.

9. More pension funds invest in ILS as alternatives allocations rise: Mercer
   European pension funds have been increasing their allocations to alternative investments and this looks to have been benefitting the insurance-linked securities (ILS) space, with the percentage of EU pension funds that have an allocation to ILS doubling in the last year, according to consultancy Mercer.

10. Over $1.5tr of property value at risk of hurricane storm surge: CoreLogic
    Analysis from global property information, analytics and data-enabled service provider, CoreLogic, reveals that almost 6.9 million homes along the Atlantic and Gulf coasts, with a combined reconstruction cost value (RCV) of over $1.5 trillion, are at risk of hurricane storm surge inundation.

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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