Best of Artemis, week ending 29th October 2017

Here are the ten most popular news articles, week ending 29th October 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.

Ten most viewed articles on Artemis.bm, week ending 29th October 2017:

1. Survival not guaranteed for reinsurance price rise seekers: Nash, Guy Carpenter
   There can be no guarantee of survival for those reinsurance capital providers hoping for price rises, in the wake of the recent major hurricane catastrophe loss events, according to James Nash of broker Guy Carpenter speaking in Baden-Baden.

2. Artemis Monte Carlo Rendezvous Executive Roundtable 2017
   Welcome to the second Artemis Monte Carlo Reinsurance Rendezvous Roundtable, in which participants discussed the potential impacts of recent catastrophe events on the insurance-linked securities (ILS) sector’s investor base, and the broader marketplace, as well as emerging trends and challenges as the January renewal season fast approaches.

3. ILS fund market to record most negative month & year ever
   The ILS fund market is going to suffer its largest draw-down on record for the month of September 2017 and the full-year is set to be the worst year on record for insurance-linked securities (ILS) investments, after the impacts of recent major hurricanes and other catastrophe losses.

4. Loma Re cat bond payout likely on Argo hurricane loss estimate
   According to Artemis’ market sources, an estimate of sponsor Argo Group’s losses suggests that the re/insurers Loma Reinsurance (Bermuda) Ltd. (Series 2013-1) multi-peril catastrophe bond has been triggered, with one tranche of notes likely to payout in full and another likely impaired.

5. Lloyd’s ability to recapitalise threatened by further losses: Fitch
   The ability of the Lloyd’s of London insurance and reinsurance market to recapitalise could be threatened if there are further major losses over the remainder of this year, according to analysts at Fitch Ratings who maintain a negative outlook on Lloyd’s ratings.

6. Listed ILS vehicle launching with Kingsway / 1347 backing & Cartesian input
   A new listed insurance-linked securities (ILS) and collateralized reinsurance investment vehicle, Insurance Income Strategies Ltd., is being marketed to investors with backing from 1347 Advisors and Kinsgway Financial, while a relationship with ILW specialist reinsurance fund manager Cartesian Re is set to assist with sourcing investment opportunities.

7. “Capital elasticity” – the softener of the reinsurance cycle
   The entry of the capital markets and their growth into the reinsurance industry has increased the sectors “capital elasticity” resulting in a softening of the reinsurance cycle, according to global reinsurer PartnerRe.

8. Arch in largest mortgage insurance ILS yet, a $368m Bellemeade Re 2017-1
   Bermudian insurance and reinsurance specialist Arch Capital Group Ltd. has returned to the capital markets for a third and largest yet in the series of the Bellemeade mortgage insurance-linked securities (ILS) transactions, sponsoring a $368 million Bellemeade Re 2017-1 Ltd. deal.

9. Credit Suisse and ILSIM raising capital for second ILS P&C run-off fund
   The Credit Suisse Asset Management (CSAM) insurance-linked strategies team and sub-advisor ILS Investment Management (ILSIM) are in the process of raising a second ILS fund focused on property and casualty run-off opportunities, with filings showing around $282.5 million successfully raised of a targeted maximum of $800 million.

10. Retro support helps SCOR to remain profitable so far in 2017
    Despite the significant catastrophe losses facing the reinsurance industry, French reinsurer SCOR has reported a profit for the first none months of 2017, as support from its retrocession providers helped the firm to better manage its losses.

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 34 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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