Best of Artemis, week ending 13th April 2014

Here are the ten most popular news articles, week ending 13th April 2014, on catastrophe bonds, reinsurance capital and related risk transfer topics, from the last seven days on Artemis. To ensure you never miss a thing  subscribe to the weekly Artemis email newsletter updates.

Top ten most viewed articles on Artemis.bm, week ending 13th April 2014:

1. Alternative reinsurance capital grew 28% to $50 billion in 2013: Aon Benfield
   Both traditional and non-traditional, or alternative, reinsurance capital have been growing strongly, but in 2013 alternative capital grew by a massive 28% to end the year at a record $50 billion, according to broker Aon Benfield.
2. TSR lowers 2014 Atlantic hurricane season forecast, cites El Niño
   Tropical Storm Risk (TSR) has published an updated and lowered quantitative forecast for the 2014 Atlantic tropical storm and hurricane season citing the likely development of moderate El Niño (ENSO) conditions. Also, another forecast called for even lower activity: Klotzbach & Gray forecast below average 2014 hurricane season
3. Lion I Re Ltd. cat bond launches for first time sponsor Generali
   Assicurazioni Generali S.p.A., one of the largest insurers in Europe and the world, is sponsoring its first catastrophe bond with the launch of Lion I Re Limited, a €150m European windstorm cat bond, sources told Artemis this morning.
4. Reinsurance prices to drop by double-digits at June renewals: Fitch
   Reinsurance rates and pricing are likely to see further declines, by as much as double-digits, at the next major contract signing at the June reinsurance renewals, according to Fitch Ratings.
5. Kilimanjaro Re, first catastrophe bond from Everest Re, launches
   Another first time catastrophe bond sponsor is coming to market, this time in the shape of Everest Reinsurance Company, with Kilimanjaro Re Ltd. (Series 2014-1), seeking retrocessional protection for U.S. named storms and earthquakes.
6. Catastrophe bond pipeline for Q2 very strong: Willis
   The catastrophe bond pipeline for Q2 2014 issuance is very strong, according to reinsurance broker Willis, which will please insurance linked investors and managers who are hoping that the strong start to the year seen in the first-quarter continues.
7. Citrus Re cat bond prices at low-end of reduced range
   The $150m Citrus Re Ltd. (Series 2014-1) catastrophe bond, sponsored by Florida Citizens takeout insurer and first time cat bond sponsor Heritage Property and Casualty Insurance, has priced right at the low-end of a reduced coupon range.
8. Everglades Re 2014-1 cat bond launches for Florida Citizens
   As expected Florida’s Citizens Property Insurance is back in the catastrophe bond market with the launch of Everglades Re Ltd. (Series 2014-1), a $400m (for now) annual aggregate Florida hurricane catastrophe bond.
9. Investors receptive to creative structure of Watford Re: CEO
   The CEO of newly launched, hybrid-strategy reinsurance company Watford Re has said in a recent interview that investors were ‘overwhelmingly receptive’ to the ‘creative’ structure of the reinsurance startup.
10. PCS adds natural hazard & weather analysis to catastrophe bulletins
    Property Claim Services (PCS) has teamed up with Verisk Climate, both units of Verisk Analytics, to add natural hazard and weather analysis maps of affected areas to its PCS catastrophe designation and loss estimate bulletins.

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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