Best of Artemis, week ending 14th June 2015

Here are the ten most popular news articles, week ending 14th June 2015, 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.

Top ten most viewed articles on Artemis.bm, week ending 14th June 2015:

1. Fidelis raises $1.5bn, launches hybrid underwriting / investing reinsurer
   Fidelis Insurance Holdings is launching, after a $1.5 billion capital raise, as a hybrid insurance and reinsurance firm seeking to balance the underwriting and investment side of the business in order to generate a total-return that outperforms the market.

2. New Guy Carpenter unit to develop parametric risk transfer products
   Global reinsurance broker Guy Carpenter has launched a new division named CAT Risk Studio (CRS), to support its Model Suitability Analysis (MSA)® initiative and work with capital markets team GC Securities to develop parametric catastrophe risk transfer solutions.

3. London ILS task force participants revealed, holds first meeting
   The participants of the London Market Group (LMG) and HM Treasury industry task force that has been established to look at progressing initiatives to make London a more attractive hub for catastrophe bonds and ILS, have been revealed.

4. $135bn reinsurance overcapacity a significant driver of softening: RBC
   The level of overcapacity in the global reinsurance sector is a significant driver of the softening market, and RBC Capital Markets estimates that by the end of 2014 reinsurance was home to roughly $135 billion of surplus capacity.

5. Alternative capital helps re/insurance stay relevant to society: McGavick
   As an industry, the property & casualty (P&C) insurance and reinsurance sector’s relevance to society has declined in recent years, but by utilising the growing capacity of the capital markets this can change, according to XL Catlin CEO, Mike McGavick.

6. ILS managers need to provide solutions not just capacity: Securis
   Investment managers operating in the insurance-linked securities (ILS) space should develop business models that are more solution focused rather than purely being capacity providers, according to executives at Securis Investment Partners.

7. EXOR accuses PartnerRe board of “engineering” AXIS transaction
   EXOR fired another shot in the three-way reinsurance M&A tussle with PartnerRe and AXIS Capital yesterday, accusing certain members of the PartnerRe Board of “engineering” the AXIS deal as they stand to benefit “personally and financially” from it.

8. Swiss Re in $190.7m Sector Re V reinsurance sidecar note issuance
   Swiss Re recently sponsored the issuance of three series of notes, totaling $190.7m, using its collateralized reinsurance sidecar Sector Re V Ltd., providing the reinsurer with retrocessional and capital support, Artemis can report.

9. Shanghai Insurance Exchange nears approval, cat bonds a feature
   According to reports in local Chinese news media, the Shanghai Insurance Exchange is nearing approval and the plans will include providing a platform for trading in insurance or reinsurance risks, with securitisation and catastrophes bonds an expected feature.

10. Don’t blindly deploy capital in a softening market: AIG CEO
    In a softening insurance or reinsurance rate environment it’s especially important not to blindly deploy capital, according to Peter Hancock, President and CEO of major global insurance firm American International Group (AIG).

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 28 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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