Best of Artemis, week ending 17th November 2013

You can read every market news story and article, week ending 17th November 2013, here on the Artemis news blog. Subscribe to the weekly email newsletter updates and for your convenience here are the ten most popular news articles from the last seven days on Artemis.

Top ten most viewed articles on Artemis.bm, week ending 17th November 2013:

1. JLT launches JLT Towers Re, reveals name of new capital markets unit
   The combined reinsurance brokerage unit created by Jardine Lloyd Thompson’s (JLT) acquisition of the Towers Watson reinsurance brokerage division, JLT Towers Re, has officially launched this week.
2. ILS and cat bonds not about fee income for Swiss Re: CFO Quinn
   For global reinsurer Swiss Re the growing use of third-party capital in the reinsurance market does not equal a hunt for fee income. For Swiss Re insurance-linked securities (ILS), catastrophe bonds and third-party capital are tools to support their clients and own risk transfer needs.
3. USAA upsizes riskier tranche of Residential Re 2013-2 cat bond, price drops
   Insurance-linked securities (ILS) investors have shown their willingness to take on new levels of catastrophe reinsurance risk, helping USAA’s latest cat bond, Residential Reinsurance 2013 Ltd. (Series 2013-2), increase in size while price guidance has dropped to below the originally marketed range.
4. BNY Mellon report: Cat bond market could grow to $50 billion by 2018
   A new report published by BNY Mellon looks at the potential for growth in the catastrophe bond market and suggests that it could double in five years to $50 billion as reinsurers and capital markets seek to close the gap between economic and insured losses globally.
5. What if a Super Typhoon Haiyan hit Miami?
   As we approach the last weeks of a relatively benign Atlantic hurricane season, which officially ends 30th November, we shift our thoughts across the world to the devastation caused by Super Typhoon Haiyan.
6. Proactive innovation through ILS is driving change in reinsurance
   One of the major trends likely to influence the reinsurance market over the next five to ten years is proactive innovation through insurance-linked securities (ILS), according to reinsurance leaders speaking at a conference in Bermuda over the last two days.
7. Alternative reinsurance capital firmly on the radar in Asia
   Capital from alternative and third-party sources as well as the insurance-linked securities (ILS) sector may not yet be making huge waves across Asia but it is firmly on the radar of attendees at the 12th Singapore International Reinsurance Conference this week.
8. Third Point Re reports improved underwriting, investment results
   The third-quarter results reported by Bermuda-based reinsurer Third Point Reinsurance Ltd., backed by hedge fund manager Dan Loeb’s Third Point LLC, show improvements in underwriting and investment returns as well as growing income from its catastrophe fund business.
9. The parametric Pacific Catastrophe Risk Insurance Pilot renews
   The Pacific Catastrophe Risk Insurance Pilot, a disaster insurance facility which provides parametric insurance cover for tropical cyclone (typhoon) and earthquake, including tsunami, risks to a group of Pacific Islands, has renewed from November and added one new island member.
10. Current point in the cycle favors highest quality underwriters: Charman
    It’s always interesting to listen to comments made by John Charman, CEO of Endurance Specialty Holdings, one of the larger reinsurers which is not, so far, meaningfully pursuing or promoting a third-party capital management or ILS focused division.

This is by no means every article published on Artemis during the last week, just the most popular among our readers. To ensure you always stay up to date with Artemis subscribe to our weekly email newsletter update.

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