Best of Artemis, week ending 26th August 2018

Here are the ten most popular news articles, week ending 26th August 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 26th August 2018:

1. Industry loss from Genoa bridge collapse up to EUR 600m: Analyst
   The insurance and perhaps reinsurance market loss from the recent Genoa, Italy Morandi motorway bridge collapse has been estimated at as much as EUR 600 million (US $685m) by analysts, with business interruption expected to be a large contributor to the industry loss.

2. ILW prices fall for Florida wind, despite Irma loss creep
   Industry loss warranty (ILW) pricing for Florida wind contracts and all natural perils has fallen in recent weeks, despite the fact that further ILW losses are expected after recent updates to insurance and reinsurance industry loss estimates for hurricane Irma.

3. Artemis ILS NYC 2019 tickets now available, register today
   Super early bird tickets are now available for our next event in New York, Artemis ILS NYC 2019. The conference will be held on February 1st, 2019 and will bring ILS industry experts, investors and other parties from across the insurance, reinsurance and risk transfer space to the city for a day of forward-looking, thoughtful discussion.

4. Irma loss creep hits Lloyd’s syndicates & Floridian insurers
   The creeping insurance and reinsurance industry-wide loss from last year’s hurricane Irma continues to impact the industry, with new loss creep estimates emerging from segments of the market that were most affected, now including Lloyd’s of London syndicates and the leading Floridian primary insurers.

5. ILS plays key role in Florida cat fund (FHCF) $1bn reinsurance renewal
   The Florida Hurricane Catastrophe Fund (FHCF) successfully renewed its $1 billion reinsurance program at June 1st 2018, with significant insurance-linked securities (ILS) fund and collateralized reinsurance vehicle participation.

6. Retrocession market increasingly dependent on third-party capital: S&P
   The retrocessional reinsurance market has become increasingly dependent on the capital markets and insurance-linked securities (ILS), with third-party capital providers beginning to dominate that sector and reinsurers increasingly utilising third-party capital backed retrocession.

7. Leadership changes at Hannover Re & Swiss Re as Wallin set to retire
   The upcoming retirement of Hannover Re CEO Ulrich Wallin means a senior leadership change at the firm and also at its reinsurance competitor Swiss Re, as Jean-Jacques Henchoz of Swiss Re has been named as Wallin’s replacement, while Russell Higginbotham has been named to step in by Swiss Re.

8. Investor confidence in catastrophe models underpins ILS growth: JLT Re
   The development of sophisticated catastrophe risk models has been integral to the growth of the insurance-linked securities (ILS) market, making it easier to understand and visualise risk exposures, roll up portfolios and identify insurance and reinsurance linked investment opportunities.

9. Arch’s largest Bellemeade mortgage ILS supported by 26 investors
   Arch Capital Group garnered significantly more capital market investor support for its latest and largest mortgage insurance-linked securities (ILS) transaction, with 26 investors backing its $653.3 million slice of collateralized mortgage reinsurance from the Bellemeade Re 2018-2 Ltd. transaction.

10. Japan rains & floods estimated as up to $4bn re/insurance industry loss: AIR
    The recent flooding in Japan caused by extreme levels of rainfall could result in an insurance and reinsurance industry loss as high as $4 billion, according to catastrophe risk modeller AIR Worldwide.

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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