Best of Artemis, week ending 9th July 2017

Here are the ten most popular news articles, week ending 9th July 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 9th July 2017:

1. Record $7bn quarter sees $10 billion imminent for cat bond market
   Our latest report on the catastrophe bond and insurance-linked securities (ILS) market has now been published. The report, ‘Q2 2017 Cat Bond & ILS Market Report – First double-digit year ahead, $10 billion imminent’, analyses the biggest single quarter ever for cat bonds, with $7 billion of issuance.

2. 2017 Atlantic hurricane forecast increased by Colorado State meteorologists
   Colorado State University (CSU) tropical weather forecaster Philip J. Klotzbach has increased his prediction of expected activity from the 2017 Atlantic Tropical Storm & Hurricane Season, calling for 15 named storms and 8 hurricanes this year.

3. ILS increases share at renewals, traditional struggles on growth: Willis Re
   It’s becoming increasingly clear that the insurance-linked securities (ILS) and collateralized reinsurance markets have grown their share of the pie at the recent June and July renewals, while for traditional reinsurers organic growth is becoming more difficult to achieve.

4. U.S. severe convective storm losses exceed $14bn for first-half 2017: Aon
   By the end of the first-half of 2017 and once all loss estimates are finalised, it’s expected that insurance and reinsurance industry losses from severe convective storms, thunderstorms, tornadoes, large hail and associated damaging winds in the United States will have exceeded $14 billion.

5. Stone Ridge setting up Lloyd’s corporate vehicle Point Dume LLP
   Alternative risk premia focused mutual fund manager Stone Ridge Asset Management has established, or acquired, a limited liability Lloyd’s corporate vehicle, which will in future enable the manager to access the reinsurance linked returns of the key specialty re/insurance hub in London.

6. Chinese regulator highlights need for catastrophe risk transfer
   Huang Hong, Vice Chairman of the China Insurance Regulatory Commission (CIRC) has echoed the views of the Head of the Chinese State Council, Premier Li Keqiang, and called for improved catastrophe risk management in China underpinned by both traditional and alternative risk transfer.

7. Considerations when assuming public entity catastrophe risks: Cardenas
   In a recent interview with Artemis, Victor Cardenas, a senior consultant in risk financing for climate change and natural disaster with specific expertise in the field of public sector entities, discussed various elements and complexities that require attention when considering public sector involvement in catastrophe risks.

8. ILS a glittering prize, London should not surrender it: LMA/Vario Partners
   As the insurance-linked securities (ILS) industry continues to expand its remit and share of the global re/insurance market, London must respond to the opportunity through investment in innovation and by leveraging its expertise, talent and location, according to market experts.

9. Soft market outweighs premium growth opportunities in non-life: Swiss Re
   The continued softness of the non-life insurance market is seemingly outweighing premium growth opportunities for now, as softer premium rates cause non-life markets to stagnate in many regions of the world, particularly in advanced markets, according to reinsurance firm Swiss Re.

10. AXIS buying Novae gives increased options for third-party capital
    Bermudian insurance and reinsurance specialist AXIS Capital Holdings announced late yesterday that it is acquiring London and Lloyd’s specialty market player Novae Group for $604 million, in a deal that will help the firm broaden its activities with third-party capital providers.

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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