Best of Artemis, week ending 31st March 2019

Here are the ten most popular news articles, week ending 31st March 2019, 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 31st March 2019:

1. 2019 hurricane forecast points to slower season if El Niño holds
   An early 2019 hurricane season forecast from suggests this year could see a little less Atlantic tropical storm related activity than normal overall, but the recently begun El Niño events strength and persistence is expected to be a major factor here.
2. Japanese wind & aggregates see biggest April renewal rate rises
   The April reinsurance renewals in Japan look set to deliver their largest rate increases to wind and aggregate layers of reinsurance towers, with severely loss impacted lower layers of programs seeing rises of 20% to 30%.
3. Lloyd’s 2018 results “not of the standard” expected: John Neal, CEO
   Lloyd’s of London stands at a “critical juncture” the market itself admitted today, while CEO John Neal said that the 2018 annual results reported today are “not of the standard that we would expect.”
4. ILS could be attractive to $1 trillion alternatives “dry powder”
   Alternative investment managers and funds are sitting on approximately $1 trillion of undeployed capital or “dry powder” and with few other attractive opportunities available, insurance and reinsurance linked investing has been cited as one of the more attractive asset classes.
5. Norsk Hydro cyber attack may cost $41m. AIG leads cyber insurance
   Norsk Hydro has said today that its costs from the cyber attack by malware or ransomware are estimated at up to US $41 million just from the first week since the event occurred.
6. Typhoon Jebi industry loss moving closer to $12bn
   Reinsurance market sources are suggesting that the industry loss from typhoon Jebi in Japan will get closer to $12 billion, as loss creep continues from what is the most costly typhoon event to ever hit the country.
7. CCR Re launches 157 Re, the first French reinsurance sidecar
   CCR Re, the French state-owned reinsurance firm, has established the first France domiciled collateralised reinsurance sidecar vehicle, launching 157 Re as the first insurance-linked securities (ILS) vehicle to be governed by French law.
8. ILS to play meaningful role as risk & exposure expand: Swiss Re’s Ojeisekhoba
   Insurance-linked securities (ILS) are set to play a meaningful role within global risk markets, as insurance and reinsurance risk and exposure expand, according to Moses Ojeisekhoba, CEO of Reinsurance at Swiss Re.
9. TMR third-party capital partner tail risk retroceded to Tokio Marine
   In tandem with the completion of RenaissanceRe’s (RenRe) $1.5 billion acquisition of Tokio Millennium Re (TMR) a retrocession agreement has been put in place to cover the stop loss tail risk protection that TMR’s third-party capital partners benefited from.
10. More disciplined, cautious, or just smarter reinsurance capital in 2019?
    The annual Association of Insurance and Financial Analysts (AIFA) conference was held at the start of this month and insurance and reinsurance executives debated the influence of alternative capital and ILS, while analysts questioned whether it’s more disciplined and cautious, or if reinsurance capital as a whole is becoming smarter this year.

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 26 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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