Best of Artemis, week ending 16th November 2014

Here are the ten most popular news articles, week ending 16th November 2014, 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 16th November 2014:

1. Kelvin Re, CSAM’s reinsurer with hedge fund strategy (of sorts), is rated
   A new reinsurance company is set to launch in Guernsey, named Kelvin Re Limited (Guernsey), underwriting short-tail property and specialty lines while investing 50% of its assets with hedge funds, backed by ILS investment manager Credit Suisse Asset Management.

2. LGT Capital Partners restructures insurance-linked securities (ILS) operations
   Swiss private banking and asset management firm LGT Group has restructured its actively managed insurance-linked securities (ILS) and reinsurance linked investment business under a new entity named LGT ILS Partners Ltd.

3. Credit Suisse and ILSIM raise $576m for P&C run-off ILS fund
   The Credit Suisse Asset Management (CSAM) insurance-linked strategies team and sub-advisor ILS Investment Management (ILSIM) have successfully raised $576m and closed the first ILS fund focused on property & casualty run-off portfolios.

4. Charman: Reinsurance market to be challenging for foreseeable future
   John Charman, CEO of Bermuda-based re/insurer Endurance Specialty Holdings, expects challenging reinsurance market conditions to last for the foreseeable future, but believes Endurance’s strategy positions it to navigate through it.

5. London market needs to embrace alternative reinsurance capital: LMG report
   A report from the London Market Group, looking at the competitive position of the London insurance and reinsurance market, finds that it is under threat and one recommendation is to embrace the rise of alternative capital to build capacity.

6. Munich Re will use alternative reinsurance capital to help it grow: CFO
   Munich Re, the world’s biggest reinsurance firm, sees an opportunity to leverage alternative reinsurance and ILS capital, from institutional investors such as pension funds, to help it grow and address high severity risks which require significant capacity.

7. ILS is more than just an alternative to reinsurance: ILS Bermuda
   In a clear demonstration of the maturation of the insurance-linked securities (ILS) market, participants at the ILS Bermuda Convergence 2014 event in Bermuda this week called for it to move beyond being considered an alternative to reinsurance.

8. Anticipation stimulates secondary cat bond & ILS trading in October
   The anticipation of a brisk last two months of the year, with reports that a number of billion dollars worth of new catastrophe bonds may come to market, stimulated secondary ILS trading activity in October despite the primary market remaining quiet.

9. AXIS seeks long-term third-party reinsurance capital for Ventures unit
   Bermuda headquartered insurance and reinsurance group AXIS Capital is taking a slow and steady approach to building out its AXIS Re Ventures third-party and ILS capital management unit and is looking for quality over quantity in terms of investor.

10. Even in a buyers market, reinsurance buying strategies diverge
    It’s interesting to note that even in the currently low-priced, buyers reinsurance market and with ever greater quantities of alternative and ILS capital ready to take on risk, attitudes to reinsurance and retrocession buying can differ wildly.

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 22 new stories 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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Artemis’ Q3 2014 Catastrophe Bond & ILS Market Report – A lazy summer for ILS

We’ve now published our Q3 2014 catastrophe bond & ILS market report.

This report reviews the catastrophe bond and insurance-linked securities (ILS) market at the end of the third-quarter of 2014, looking at the new risk capital issued and the composition of the cat bond & ILS transactions completed during Q3 2014.

Download your copy here.