Best of Artemis, week ending 17th December 2017

Here are the ten most popular news articles, week ending 17th December 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 17th December 2017:

1. Reinsurance renewal rates to trail expectations at January 2018
   Reinsurance renewal rates are likely to trail initial market expectations in January 2018, as the anticipation amongst reinsurers of major price increases have declined somewhat since the third-quarter reporting season, according to analysts at Keefe, Bruyette & Woods.

2. ILS NYC 2018: More speakers announced
   We’re pleased to reveal four more expert speakers, from GC Securities, HSBC Global Asset Management, Property Claim Services (PCS) and Mt. Logan Re Ltd., who have been added to the roster for our second conference in New York, Artemis ILS NYC 2018.

3. Losses an opportunity to assess ILS fund manager performance
   When this year’s major hurricane losses struck the insurance-linked securities (ILS) market, the last thing on most investors minds was the relative performance of their investment managers. But now, with the picture of the eventual loss clearing, many ILS investors will for the first time be able to compare their ILS manager with others.

4. California wildfires have now destroyed 1,200+ structures in December
   The southern California wildfires have now completely destroyed over 1,200 structures in the most recent December outbreaks, with another 350+ structures damaged. The largest and most damaging Thomas wildfire is still only 25% contained and weather remains conducive to burning, although the Santa Ana winds have lessened.

5. Nasdaq looks to reinsurance as potential client vertical
   Nasdaq inc. created the world’s first electronic share trading platform and stock exchange and is now among the largest providers of trading, clearing and exchange technology, so it’s intriguing to learn that the organisation is looking into new markets and that trading of reinsurance is one potential avenue of expansion.

6. Collateralised reinsurance diversifies UK & Lloyd’s insurer protections: PRA
   The use of collateralised sources of reinsurance and alternative reinsurance capital is providing a significant diversifying element to the protections adopted by United Kingdom insurers and Lloyd’s of London syndicates, according to information from the Bank of England.

7. Markel CATCo fund sets up 4.4% loss reserve for October California wildfires
   Markel CATCo Investment Management Ltd. has established a loss reserve amounting to 4.4% of net asset value (NAV) for its listed retrocessional reinsurance fund, the CATCo Opportunities Fund, to cover any losses from the wildfires that struck the northern California region during October 2017.

8. Artemis ILS Bermuda Executive Roundtable 2017
   Welcome to the third annual Artemis ILS Bermuda Executive Roundtable in which participants discussed a mix of challenges and opportunities for the sector as it continues to expand its remit and push for growth, on the back of an extremely active loss year for sponsors and investors.

9. Brit launches Sussex Capital collateralised vehicle, Jay Nichols joins board
   Specialty insurance and reinsurance player and part of the Fairfax group Brit Ltd. has launched a new collateralised reinsurance vehicle, named Sussex Capital, which will write third-party business on a fully-collateralised basis and also assume risk from Brit’s syndicate at Lloyd’s.

10. Craig Wenzel departs XL Catlin for Gallatin Point Capital LLC
    Craig Wenzel, a well-known senior executive in the alternative reinsurance capital and insurance-linked securities (ILS) space, has departed from his current role at re/insurance giant XL Catlin to take up a position at private investment manager Gallatin Point Capital LLC.

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 26 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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