Best of Artemis, week ending 6th August 2017

Here are the ten most popular news articles, week ending 6th August 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 6th August 2017:

1. Alternus could write almost every Marsh property account: Glaser
   Perhaps giving us another glimpse of the coming future state of insurance and reinsurance markets, Marsh & McLennan Co’s. Chief Executive officer Dan Glaser said that the alternative capital backed Alternus facility is “willing to write virtually every property account of Marsh.”

2. Swiss Re Capital Markets hires Ed Johnson as VP ILS Structurer
   Swiss Re Capital Markets, the ILS and catastrophe bond structuring division and investment banking unit of the global reinsurance firm, has hired Edward Johnson from ILS specialist investment manager Leadenhall Capital Partners to take on the role of Vice President, ILS Structurer.

3. Markel sees State National as the perfect conduit of risk to capital
   Following the announcement from Markel Corporation that it is to acquire State National Companies for $919 million, Markel executives have discussed the benefits the transaction represents, expecting the takeover to deepen its relationship with alternative capital.

4. First blockchain settlement for cat bond completed by Solidum
   Insurance and reinsurance linked investment specialists Solidum Partners have completed a private catastrophe bond transaction, a $14.8 million Dom Re IC Limited 2017, which has become the first such securitisation to be settled using a private blockchain.

5. Alternative capital record high a driver of reinsurance M&A: S&P
   The search for scale, in order to achieve market relevance, continues in the global property and casualty insurance and reinsurance market. Abundant low-cost capital boosted by an all-time high of alternative capital is driving the trend for mergers & acquisitions (M&A), according to Standard & Poor’s.

6. Arch targets annual Bellemeade Re mortgage ILS transactions
   Arch Capital Group said that it intends to sponsor two more Bellemeade Re mortgage insurance linked security ILS transactions to cover its 2017 book and that it would like to sponsor additional takedowns annually going forwards, as it looks to the capital markets to help it managed its tail risks.

7. PCS designates Turkey hail storms & floods as catastrophe loss
   Property Claim Services (PCS), a division of Verisk Analytics, has designated the two recent Turkish hail storm and flooding events as catastrophes, kicking into action its process to monitor the events and aggregate as well as report on the insurance and reinsurance industry loss. Loss estimates from local media now put the industry impact as high as US $440m.

8. World Bank completes Mexico cat bond, ILS provides bulk of capacity
   The World Bank has announced the completion of its $360 million Mexico catastrophe bond transaction, which protects against Mexico earthquakes and named storms, and of which the majority of the capacity came from the insurance-linked securities (ILS) space.

9. Lottoland renews jackpot ILS at upsized EUR 120m, adds flexibility
   Fast-growing Gibraltar licensed online lottery provider the Lottoland Group has renewed its Fortuna collateralized reinsurance or insurance-linked securities (ILS) transaction at an upsized EUR 120 million, increasing the size of its capital markets-backed jackpot insurance coverage.

10. Aeolus gains £51m investment from London Pensions Fund Authority
    UK local authority pension fund manager the London Pensions Fund Authority (LPFA) made an investment of around £51 million in two of the reinsurance linked investment funds managed by Bermuda-based specialist Aeolus Capital Management Ltd.

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 27 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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