Best of Artemis, week ending 24th June 2018

Here are the ten most popular news articles, week ending 24th June 2018, 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 or get our email alerts for every article we publish.

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Ten most viewed articles on Artemis.bm, week ending 24th June 2018:

1. Munich Re refocusing on risk + tech + experience?
   There are signs that the world’s largest reinsurance firm Munich Re is beginning to refocus and reposition itself, intending to concentrate on its core areas of expertise in risk management, risk transfer and risk bearing, alongside a newer developed focus on technology.

2. Reinsurance pricing outlook “very bleak” – Deutsche Bank
   Absent further major losses hitting global reinsurance and insurance-linked securities (ILS) markets this year, the expectation now is that rates are likely to lose any ground gained at renewals so far this year and return to a slow softening trend in 2019, according to analysts at Deutsche Bank.

3. Bernina Re launched as flagship reinsurer for Credit Suisse ILS team
   Bernina Re Ltd. has been established and launched by the Credit Suisse Insurance Linked Strategies Ltd. team as a new reinsurance company, with the goal that Bernina Re should become the flagship reinsurance platform for the Credit Suisse ILS offering.

4. Prospects for busy 2018 hurricane season diminished by cooler Atlantic: Klotzbach
   “Prospects for a second straight busy hurricane season have diminished markedly,” according to Phil Klotzbach of the Colorado State University tropical forecasting team, as cooler Atlantic sea surface temperatures point to “profound impacts” for the 2018 hurricane season.

5. Nephila & Allianz complete first wind farm revenue swap in Australia
   Nephila Climate, the weather and climate risk focused unit of ILS and reinsurance investment giant Nephila Capital, and often partnering insurer Allianz have together completed the first wind farm proxy revenue swap transaction in Australia, hedging price and volume risks including weather exposure for a new wind farm project in Victoria.

6. Dramatic growth ahead for ILS, but investors seek transparency: Report
   There’s opportunity for insurance-linked securities (ILS) capacity to grow dramatically into other areas, and while investor response to 2017 events shows they clearly remain attracted and committed to the space, increased manager transparency would be welcomed, according to a report from Clear Path Analysis.

7. Diversification positive, but risk has to be quantifiable: ILS fund managers
   As the catastrophe bond market looks to expand outside of the natural catastrophe space, terrorism risk has been highlighted as a potential growth avenue for the insurance-linked securities (ILS) sector, but while new perils bring diversification benefits, it’s essential the risk is quantifiable.

8. ILS at its strongest for years after lessons of 2017: Twelve Capital
   It’s crucial the insurance-linked securities (ILS) market learns from the impacts of 2017 catastrophe events, but despite the losses, the outlook for the ILS asset class is stronger than it has been for some years, according to Zurich headquartered insurance and reinsurance linked investment manager, Twelve Capital.

9. Arch ILS assets up 20% to $600m, to expand ILS management activities
   Bermuda headquartered insurance and reinsurance firm Arch Capital Group has increased the amount of third-party capital under its management in insurance-linked securities (ILS) related assets by 20% to $600 million in the last year.

10. AXIS Capital returns for $150m+ Northshore Re II 2018 cat bond
    Bermuda-based specialty insurance and reinsurance firm AXIS Capital Holdings Ltd. has returned to the capital markets with a new Northshore Re II Ltd. (Series 2018-1) catastrophe bond, with which the company is seeking a multi-year source of multi-peril reinsurance and retrocession.

This is not every article published on Artemis during the last week, just the most popular, some of which were published over a week ago. There were 23 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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