Best of Artemis, week ending 16th July 2017

Here are the ten most popular news articles, week ending 16th 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.

Ten most viewed articles on Artemis.bm, week ending 16th July 2017:

1. London Centre for Global Disaster Protection announced at G20 by PM May
   UK Prime Minister Theresa May has announced a new London Centre for Global Disaster Protection, that will be established to harness expertise in the insurance and reinsurance market with the goal of helping to increase the use of rapid paying risk transfer protection and insurance against perils such as drought in Africa.

2. 2017 cat bond issuance hits $10 billion, market’s first double-digit year
   Catastrophe bond issuance for 2017 now stands at $10.15 billion, according to data from the Artemis Deal Directory, the first time the cat bond market has ever seen a double-digit total and with almost six months left to run this year is set to eclipse all previous market records.

3. New Paradigm parametric deals to list on TigerRisk X-gRm platform
   Parametric risk transfer products from New Paradigm Underwriters will now be listed on the electronic reinsurance trading platform X-gRm with TigerRisk Partners acting as intermediary, and up to $100 million of capacity set to be made available.

4. Neon hires Mark Gibson to develop reinsurance & alternative capital strategy
   Specialist Lloyd’s insurance and reinsurance firm Neon has hired Mark Gibson, previously of Argo Group, to lead the development of its outwards reinsurance and alternative or third-party capital strategy.

5. Asset manager-backed Crosswinds Re signs deal with TransRe
   Canadian asset manager Crosswinds Holdings Inc. continues to demonstrate its the appeal that reinsurance linked returns have for investors of all kinds, signing an agreement between its Crosswinds Re reinsurer and established market player TransRe.

6. Generali hails “innovative & flexible” Lion II Re catastrophe bond
   Italian headquartered global insurer Assicurazioni Generali S.p.A. has hailed the completion of its latest and third catastrophe bond, the recently completed Lion II Re DAC transaction, as an “innovative and flexible” example of how the insurer intends to manage its capital going forwards.

7. Swiss Re backs mobile parametric insurance for China typhoon risk
   Global reinsurance giant Swiss Re has partnered with China’s Ping An Property & Casualty Insurance Company of China, Ltd to develop and deliver mobile-enabled parametric insurance protection against typhoons.

8. Mexico returns with new Fonden 2017 multi-peril cat bond
   Mexico has returned to the catastrophe bond market with a new transaction seeking a source of reinsurance risk transfer for its Fund for Natural Disasters (El Fondo de Desastres Naturales), better known as FONDEN, in a $290 million deal we’ve called IBRD / FONDEN 2017, assisted by the World Bank.

9. Hannover Re sees low risk attractive margins from ILS business
   Reinsurance firm Hannover Re has continued to expand its activities in the insurance-linked securities (ILS) transformer space, fronting and working with both existing and new clients in recent months, to secure what the company sees as a source of low risk and attractive margins.

10. SCOR reinsures £1bn longevity risk for Pension Insurance Corp.
    Global reinsurance firm SCOR has provided capacity to back a £1 billion longevity risk transfer transaction for specialist defined benefit pension fund insurer Pension Insurance Corporation plc (PIC).

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 22 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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