Best of Artemis, week ending 25th June 2017

Here are the ten most popular news articles, week ending 25th June 2017, 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.

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Ten most viewed articles on Artemis.bm, week ending 25th June 2017:

1. 2017 sets new full-year cat bond record, at $9.14bn of issuance
   It’s official. 2017 has now broken the record for full-year catastrophe bond issuance, with new risk capital issued so far already reaching $9.14 billion, according to the Artemis Deal Directory, putting the first double figure cat bond year easily within sight.

2. Still too early to call for bottom of the reinsurance cycle: Deutsche Bank
   Those calling for a bottom to the reinsurance market cycle and an end to the persistent softening trend seen over the last few years may be disappointed, as analysts from Deutsche Bank join those suggesting further rate declines could be seen at the January 2018 renewals.

3. ILS funds facing excess capacity after June renewal: TigerRisk
   The ILS and collateralized reinsurance market is facing its own excess capacity issue currently, with a number of ILS fund managers still having capital to deploy even after the key June Florida renewals, according to TigerRisk Capital Markets & Advisory.

4. El Nino less likely, Atlantic hurricane forecast rises
   Forecasters are now doubting the arrival of El Niño conditions during the 2017 Atlantic Tropical Storm & Hurricane Season, which is causing the forecasts for hurricane activity to rise again.

5. Take-up rate of Nephila backed facility Alternus, “fantastic” – Doyle, Marsh
   Recently launched commercial property insurance facility Alternus, which is backed by Nephila Capital, underwritten by the Schinnerer Group and brokered by Marsh, already boasts a “fantastic” take-up rate, according to John Doyle, President, Marsh.

6. Deja vu, or a new normal of more efficient reinsurance pricing?
   A new report published by rating agency Standard & Poor’s suggests that reinsurance firms may be looking at the state of the market with a sense of deja vu, as they realise they face another year of declining reinsurance rates.

7. Renewable energy risks an opportunity for parametric triggers: Swiss Re
   Global reinsurance firm Swiss Re has identified a number of opportunities in the renewable energy production arena where demand for risk transfer is likely to increase considerably and parametric or index triggers are eminently suitable, an opportunity the ILS market is also targeting.

8. CEO Tony Belisle extends contract with Markel CATCo Investment Management
   Reinsurance and retrocession linked investment management specialist Markel CATCo Investment Management Ltd. has announced this morning that its Chief Executive Officer Tony Belisle is to extend his contract with the firm.

9. Efficient reinsurance and ILS keeps sun shining in Florida, says Kroll
   The 2017 Atlantic hurricane season is expected to be an active one, potentially adding further pressure to the profitability of already challenged Floridian insurers. However, the availability of efficient reinsurance and insurance-linked securities (ILS) capacity continues to benefit firms, says Kroll Bond Rating Agency (KBRA).

10. Full agenda announced for ILS Asia 2017, tickets still on sale
    We’re delighted to announce the full agenda for our upcoming ILS Asia 2017 conference, which is being held at the Marina Bay Sands complex in Singapore, on the 13th July. There are a few tickets still remaining, so please register to attend today.

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 25 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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