Best of Artemis, week ending 20th January 2019

Here are the ten most popular news articles, week ending 20th January 2019, 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.

Ten most viewed articles on Artemis.bm, week ending 20th January 2019:

1. Ledger closes non-standard auto insurance securitization with AlphaCat
   Insurance technology (insurtech) and insurance-linked securities (ILS) start-up Ledger Investing has successfully completed its first transaction, directly securitizing a portfolio of non-standard passenger auto insurance between an MGA and the AIG-owned ILS fund manager AlphaCat.

2. Terms & risk access as important as rates in determining ILS returns
   Terms and conditions associated with reinsurance, retrocession and insurance-linked securities (ILS) renewals, as well as the way you access the risk, are said to have been equally as important as rates at the recent renewal in determining the actual risk adjusted returns achievable.

3. Catastrophe frequency leads buyers to rethink reinsurance: Willis Re
   Reinsurance buyers are rethinking their strategies and retention levels in the wake of two years that drove over $200 billion of losses through the sector, when the frequency of smaller to mid-sized losses has become a talking point, according to Willis Re.

4. Rationality & “flight to quality” seen in alternative reinsurance capital: Peel Hunt
   The alternative reinsurance capital market showed evidence of increasing rationality at the key January 1st 2019 renewals, according to analysts at Peel Hunt, with a “flight to quality” also noted as being underway in some corners of the ILS fund market.

5. PG&E’s liability tower to pay out, say analysts, likely includes cat bond
   Pacific Gas & Electric Co’s (PG&E) liability insurance tower is still expected to face a total loss in the face of significant claims for wildfire damages, despite the utilities impending bankruptcy status.

6. Pool Re sponsors first terrorism risk catastrophe bond, Baltic PCC
   Pool Re, the UK government-backed mutual terrorism reinsurance facility, is bringing the first terrorism risk catastrophe bond to market to tap the capital markets for retrocession, in a £75 million ($97m) Baltic PCC Limited (Series 2019) transaction.

7. Retro re-pricing to drive higher reinsurance costs later in 2019: Credit Suisse
   A re-pricing of retrocessional reinsurance capacity following the significant losses of the last two years is set to drive higher reinsurance costs over the course of 2019, as reinsurer seek to pass on higher retro prices to insurers, according to Credit Suisse.

8. Investors increasingly ask about climate change: Adam Beatty, Nephila
   Capital market investors that participate in the insurance-linked securities (ILS) or reinsurance linked investing space are increasingly asking questions about the potential impacts climate change could have on the risk landscape.

9. Variable reinsurance renewal as EMEA pressures market: Guy Carpenter
   Global property catastrophe reinsurance rates rose just 1.1 % across the market at the key January renewals, but there considerable variation in pricing across region and how loss affected or perceived as under priced an account was, according to Guy Carpenter.

10. World Bank to double climate adaptation & resilience financing
    The World Bank Group will double its financing of climate change adaptation and resilience related projects, with one area of focus being the delivery and facilitation of financial protection instruments that can help countries respond early to, and recover faster from, climate and disaster shocks.

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 30 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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