Best of Artemis, week ending 17th March 2019

Here are the ten most popular news articles, week ending 17th March 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.

Register today to attend our next ILS conference in Singapore, ILS Asia 2019.

Ten most viewed articles on Artemis.bm, week ending 17th March 2019:

1. 16 carriers affected by Demotech’s raised 130-year reinsurance requirement
   Out of the more than fifty Floridian insurance carriers that are rated by Demotech, Inc. roughly two-thirds are already meeting or exceeding the raised requirement to buy first event reinsurance protection to the 1-in-130 year loss level, but 16 may need to buy more coverage.
2. ILS “one of the most important strategic moves” ever for Markel
   Markel Corporation is “incredibly optimistic” about the potential for its insurance-linked securities (ILS) business to drive growth and profits for the firm.
3. Parametric California quake BI insurance developed by Swiss Re
   Global reinsurance firm Swiss Re has partnered with program manager Arrowhead and insurance partner Falls Lake to launch an innovative parametric California earthquake business interruption insurance product for commercial clients.
4. ILS a long-term & sustainable capital source: AmWins CEO Purviance
   While the insurance-linked securities (ILS) market may currently be seen as at an inflection point in its history, the expectation is that it will go on to prove itself a long-term and sustainable source of capital for the insurance industry, according to Scott Purviance.
5. Time was right to complement IAG’s reinsurance with a cat bond: Hartry
   The expansion of the catastrophe bond market in recent times encouraged Insurance Australia Group (IAG) to sponsor its first transaction, which, according to the firm’s Executive Manager of Reinsurance Operations, Nick Hartry, complements its existing reinsurance arrangements.
6. ILS investment thesis still true after losses, upsizes Aeolus & CATCo: MassPRIM
   The insurance-linked securities (ILS) and reinsurance linked investment thesis still holds true even after recent catastrophe losses, the Massachusetts Pension Reserves Investment Management (MassPRIM) Board has said, leading it to approve increased allocations to managers Aeolus and Markel CATCo.
7. ILS Capital Management delivered double-digit 2018 return to pension investor
   While negative performance of ILS and collateralized reinsurance portfolios has been the talk of recent months, after the consecutive years of catastrophe loss activity, as ever performance is divergent in this market and ILS Capital Management was one of those that fared better in 2018.
8. Still work for ILS players to do on market share in Japan, analysts say
   ILS funds and collateralised reinsurance markets have more work to do on gaining market share in Japan, according to analysts who say that relationships with traditional reinsurers continue to dominate there.
9. Netherlands terrorism pool could look to cat bonds for reinsurance
   The terrorism reinsurance pool for the Netherlands has been watching the issuance of the first pure terror risk catastrophe bond with interest and says that it wouldn’t rule out looking to the capital markets for its retrocession.
10. ILS funds achieve 0.51% January 2019 return despite continued loss creep
    Insurance-linked securities (ILS) and reinsurance linked investment funds managed to achieve a slightly below average monthly return of 0.51% in January 2019, despite the continued impact of loss creep from previous events.

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 29 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.

Get listed in our MarketView directory of professionals.

View the current breakdown of the ILS market in our range of charts, allowing you to analyse cat bond issuance.

Check out the growing assets under management of the ILS fund market with our investment manager directory.