Best of Artemis, week ending 17th February 2019

Here are the ten most popular news articles, week ending 17th February 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 17th February 2019:

1. Reinsurance uninspiring, inadequately priced risks being underwritten: A.M. Best
   Pricing and profitability in reinsurance remains uninspiring following the January 1st renewals, but that doesn’t stop some larger players from soaking up business at inadequate prices, according to rating agency A.M. Best.
2. Markel to adapt CATCo strategy based on learnings from 2017/18 losses
   Markel Corporation plans to adapt the Markel CATCo underwriting and investment strategy based on what it can learn from the catastrophe losses that affected it so severely during 2017 and 2018, the re/insurers Co-CEO said.
3. Berkshire Hathaway targets the small business insurance value-chain
   Warren Buffett’s conglomerate re/insurer Berkshire Hathaway wants to own the entire small commercial or business insurance value-chain with its latest initiative, putting technology to work alongside its enormous appetite for risk.
4. Interesting year ahead for healthy, growing ILS market: ILS NYC 2019
   A combination of increased demand and constrained supply bodes well for attractive returns for the insurance-linked securities (ILS) sector going forward.
5. AXA plans to cede broader Group risk to ILS investors: Hendrick, AXA XL CEO
   As global insurance and reinsurance group AXA increases its use of insurance-linked securities (ILS) capacity, the firm will aim to broaden the range of risks that it cedes to investors to include much more than just risks from the legacy XL Catlin portfolio.
6. ILS Index ends December negative on loss creep, down -3.92% for 2018
   Insurance-linked securities (ILS) and reinsurance linked investment funds fell to a negative December, thanks to continued loss development and loss creep from catastrophe events in prior months, which added to the already negative year and drove 2018’s ILS Index return to -3.92%.
7. Uncertainty over alternative capital’s role in 2019: Jeworrek, Munich Re
   There is “rather more uncertainty over alternative capital’s role” in reinsurance and retrocession markets through the rest of 2019, according to Torsten Jerrowek of Munich Re, but the ILS market is expected to remain a “big and important” player in its key markets.
8. Bill calls on California to use re/insurance, ILS & ART for natural disasters
   A bill has been introduced that if enacted would authorise the California Governor, Insurance Commissioner, and Treasurer to purchase insurance, reinsurance insurance-linked securities (ILS) or other alternative risk transfer (ART) products to help pay costs resulting from natural disasters.
9. Around 20% of 2018 ILS capacity remains trapped: A.M. Best
   As much as 20% of the total insurance-linked securities (ILS) and third-party reinsurance capital that was deployed for the 2018 underwriting year remains trapped in funds and other structures following the impacts of losses, according to A.M. Best.
10. RenRe forecast to gain more ILS market share: Analysts
    Bermudian reinsurance firm and third-party capital manager RenaissanceRe is forecast to gain market share in insurance-linked securities (ILS) management by the equity analysts at Keefe, Bruyette & Woods.

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 31 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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