Best of Artemis, week ending 30th September 2018

Here are the ten most popular news articles, week ending 30th September 2018, 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.

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Ten most viewed articles on Artemis.bm, week ending 30th September 2018:

1. Should Fannie & Freddie transfer earthquake risk to the capital markets?
   The two government-sponsored enterprises (GSE’s) in mortgage risk, Fannie Mae (the Federal National Mortgage Association) and Freddie Mac (the Federal Home Loan Mortgage Corporation), should be required to transfer some of the earthquake risk exposure they carry to the capital markets, according to a report.

2. Corelogic differs on Florence estimate, puts NFIP reinsurance in the frame
   Differences between estimates are again evident in the catastrophe risk modelling space, as Corelogic delivers a figure for hurricane Florence’s flood insurance industry losses that suggests the NFIP’s flood reinsurance program is still in the frame to be triggered.

3. M&A deals like Markel-Nephila show ILS is about more than just hedging
   Recent merger and acquisition (M&A) transactions, including Markel Corporations planned acquisition of ILS specialist Nephila Capital, show that major re/insurers are increasingly keen to put capital markets capacity and ILS techniques to work in underwriting shorter-tailed primary lines of business.

4. Lloyd’s explores options to transform its capital framework
   The Lloyd’s of London insurance and reinsurance market has recognised that there are constraints to the way capital can move in and out of the marketplace, leading the Corporation to reveal that it is exploring options to transform the capital framework that underpins it.

5. PCS to track Lürssen shipyard fire loss. Small ILS market hit possible?
   The recent fire at a floating dock in the shipyard of luxury super yacht manufacturer Lürssen has been designated as a loss event to track by Property Claim Services (PCS) through its PCS Global Marine & Energy product.

6. Leadenhall hires Maynard as senior non-life ILS analyst from Markel
   Specialist insurance-linked securities (ILS) and reinsurance linked investment manager Leadenhall Capital Partners LLP has announced a new senior non-life analyst hire who will join the firm from Markel International.

7. Jubilee oil field FPSO loss continues to rise on business interruption
   The insurance and ultimately reinsurance market loss caused by the damage to and resulting production shutdowns of the Kwame Nkrumah FPSO (floating production, storage and offloading) vessel operating on the Jubilee oil field, Ghana continues to rise thanks to ongoing business interruption.

8. Perhaps the state should buy risk transfer: Mumenthaler, Swiss Re CEO
   The issues of under-insurance and the disaster insurance protection gap means people lack financial support after catastrophes strike and if the state always has to intervene after the loss event, perhaps the state itself should be buying risk transfer protection, according to Christian Mumenthaler, CEO of Swiss Re.

9. Cyber is the new property: Niklaus Hilti, Credit Suisse ILS
   Cyber risk offers the ILS markets a massive opportunity, albeit one with plenty of challenges attached, thinks Niklaus Hilti, Head of Credit Suisse’s insurance-linked securities (ILS) division.

10. D&F start-up plans to tap ILS market for capacity support
    A newly established start-up that will specialise in underwriting direct & facultative (D&F) property risks for the world’s top two thousand global companies is aiming to bring ILS investors along for the ride as supporting capacity.

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 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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