Best of Artemis, week ending 1st November 2015

Here are the ten most popular news articles, week ending 1st November 2015, 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 1st November 2015:

1. MultiCat Mexico cat bond facing hurricane Patricia loss, but how much?
   The MultiCat Mexico 2012 catastrophe bond faces a loss from hurricane Patricia, but the question is how much. Insured loss estimates range up to $500m. Rating agency S&P has placed the $100m MultiCat Class C notes on negative watch in anticipation of a loss, but with uncertainty as to whether it will be 50% or 100% of the $100m principal-at-risk.

2. London LMG looks to innovate on equal reinsurance credit for ILS
   The work being undertaken in London, with the aim of making the city and its insurance and reinsurance hub a centre of excellence for insurance-linked securities (ILS), includes looking at developing ILS structures that would provide certainty in terms of equal credit for reinsurance and recovery.

3. $300m Kilimanjaro Re 2015-1 cat bond launched for Everest Re
   Bermudian reinsurance firm Everest Re is back in the catastrophe bond market seeking a $300m, or greater, source of collateralized reinsurance protection for U.S. named storm and earthquake risks with a Kilimanjaro Re Ltd. (Series 2015-1) issuance.

4. CATCo raises $88.4m for retro Reinsurance Opportunities Fund
   Bermuda headquartered CATCo Investment Management, the reinsurance and retrocession linked investment fund manager, has successfully raised $88.44 million for its flagship listed CATCo Reinsurance Opportunities Fund Ltd.

5. Horseshoe launches hedge fund reinsurance platform
   Bermuda-headquartered insurance-linked securities (ILS) management, servicing, transformation and fronting specialists Horseshoe Group, has launched a new platform which targets asset managers seeking to establish hedge fund investment oriented reinsurers more simply.

6. Mt. Logan Re reinsurance sidecar growth halts at Everest Re
   For the first time since the launch of its fully collateralised reinsurance sidecar Mt. Logan Re Ltd. in late 2013, reinsurer Everest Re has not increased the third-party capital managed within the vehicle in the last quarter.

7. U.S. wildfire insured losses could exceed $1.75bn: Guy Carpenter
   Global reinsurance broker Guy Carpenter has estimated that, based on preliminary data, insurance industry losses from U.S. wildfire activity in 2015 are likely to reach and may even exceed $1.75 billion.

8. Property, casualty, commercial insurance to soften further in 2016: Willis
   Rates across the majority of the property/casualty and commercial insurance sector will experience further, significant softening in 2016, with property catastrophe exposed lines potentially falling by as much as 15%, according to Willis Group Holdings.

9. Florida stress tests insurers reinsurance arrangements, including ILS
   The Florida Office of Insurance Regulation (FLOIR) has completed its third annual catastrophe stress test of Florida-based property insurers, looking at their reinsurance adequacy, including any insurance-linked securities (ILS), as well as capital and surplus, in the face of major loss scenarios.

10. Hurdles to overcome before ILS managers embrace life settlements
    Life settlements seemingly belong to the insurance-linked investment landscape, meaning that ILS fund managers should be major players in the market, but research into the asset class shows that there are hurdles to overcome before ILS managers invest meaningfully.

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 27 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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Artemis’ Q3 2015 Catastrophe Bond & ILS Market Report – A market making steady progress

We’ve now published our Q3 2015 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 2015, looking at the $1.093 billion of new risk capital issued and the composition of the cat bond & ILS transactions completed during Q3 2015.

Download your copy here.