Best of Artemis, week ending 14th October 2018

Here are the ten most popular news articles, week ending 14th October 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 14th October 2018:

1. Hurricane Michael losses unlikely to move the re/insurance market
   The eventual insurance, reinsurance and perhaps ILS fund industry losses from hurricane Michael’s strong Category 4 landfall on the Florida Gulf Coast yesterday are unlikely to be sufficient to move the market, according to brokers, rating agencies and analysts.

2. Hurricane Michael insured loss to be close to $8bn: Karen Clark & Co.
   Hurricane Michael will result in an insurance and reinsurance market loss of close to $8 billion from wind and storm surge, excluding NFIP losses, according to catastrophe risk modelling specialists Karen Clark & Co.

3. Reinsurance to take more of Michael’s losses than Florence’s: KBW
   The reinsurance market and as a result some collateralized providers of reinsurance capital may take a greater share of losses from hurricane Michael’s Florida and beyond impacts than they did for last month’s hurricane Florence, according to analysts.

4. Nephila sale will net Man Group $130m for its 18.5% stake
   The sale of the world’s largest insurance-linked securities (ILS) and reinsurance linked investment manager Nephila Capital to re/insurer Markel is set to net part owner Man Group $130 million for its 18.5% stake in the ILS fund manager.

5. Hurricane Michael wind & surge insured loss up to $4.5bn: Corelogic
   The wind and storm surge related insurance industry loss from hurricane Michael is estimated to be between $2 billion and $4.5 billion by Corelogic, based on a pre-landfall data assessment of the storms impacts to insured assets.

6. Allianz restructures ART, creates Capital Solutions business for ILS
   Allianz Global Corporate & Specialty (AGCS), a division of global insurance and reinsurance firm Allianz, has announced that its Alternative Risk Transfer (ART) unit is reshaping. The move sees the Insurance-Linked Markets team transition to a standalone business line, called Capital Solutions.

7. Industry leaders on what can drive ILS to $300bn & beyond
   The insurance-linked securities (ILS) market stands poised for significant growth, according to industry leaders, with $300 billion deemed easily possible and an expectation that the capital markets will have an increasingly important role to play in insurance and reinsurance risks over years to come.

8. Continued ILS & alternative capital growth expected into 2019
   The main rating agencies for the insurance and reinsurance sector all agree that the insurance-linked securities (ILS) market and alternative capital is set to grow in importance, scope and overall in size.

9. Edward Torres hired by Willis Re to focus on structured & legacy risks
   Reinsurance broker Willis Re has hired former PartnerRe Director of Capital Markets Edward Torres to a role that will see him focused on structured transactions and legacy liability risk transfer, areas the broker sees as relevant to capital markets expansion into insurance risk.

10. 2018 losses with Michael still an earnings event, pricing to be unfazed: S&P
    All of the catastrophe related loss activity witnessed around the globe so far in 2018, including this weeks impacts from hurricane Michael, will still be absorbed by the combined earnings of insurance and reinsurance firms, according to Standard & Poor’s.

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 25 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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