Best of Artemis, week ending 3rd August 2014

Here are the ten most popular news articles, week ending 3rd August 2014, on catastrophe bonds, reinsurance capital and related risk transfer topics, from the last seven days on Artemis. To ensure you never miss a thing  subscribe to the weekly Artemis email newsletter updates.

We launched our Catastrophe Bond & ILS Market Dashboard last week, including a set of graphs allowing you to visualise and view the composition of the outstanding catastrophe bond & ILS market as well as the market development.

Top ten most viewed articles on Artemis.bm, week ending 3rd August 2014:

1. Reinsurers accepting broader terms likely to experience painful losses: KBW
   The traditional reinsurance firms accepting broader terms and conditions, such as the inclusion of terrorism and cyber risk within property catastrophe reinsurance program renewals, are very likely to experience painful losses, in the opinion of analysts at KBW.

2. A Dashboard for the catastrophe bond and ILS market
   Artemis now gives you the ability to assess the development of the catastrophe bond and insurance-linked securities market (ILS) with the launch of the Artemis Dashboard providing analytics and data views on this growing sector.

3. Some are underwriting for too low a return on capital: JLT’s Dominic Burke
   Some underwriters in the insurance and reinsurance industry are writing risks for too low a return on their capital, as a “fair degree of undisciplined underwriting” was highlighted today by Jardine Lloyd Thompson Group Chief Executive Dominic Burke.

4. Hedge fund style reinsurer Till Capital seeking to buy Omega Insurance
   Bermuda domiciled hedge fund style reinsurance and hybrid investment platform Till Capital Ltd., the parent company of reinsurer Resource Re, is seeking to buy Omega Insurance Holdings, Inc. (“Omega”), a Toronto-based insurance provider.

5. Hiscox: Expect further deterioration of soft re/insurance market
   In its results announced this morning, insurance, reinsurance and third-party capital management group Hiscox Chairman Robert Childs, said that the firm expects the softening in the insurance and reinsurance market will deteriorate further.

6. BMS Capital Advisory launches as ILS focused broker-dealer
   BMS Capital Advisory has been launched today by Minova Insurance Holdings, as the BMS insurance and reinsurance brokerage group gears up to target the insurance-linked securities (ILS) sector with its own broker-dealer and capital markets facilitator.

7. Citizens opts for variable reset to Everglades Re 2013-1 cat bond
   Florida’s Citizens Property Insurance Corporation is one of the first catastrophe bond sponsors to opt to use a variable reset facility with its Everglades Re Ltd. (Series 2013-1) catastrophe bond, by choosing to lower the attachment point.

8. AXIS begins ceding business to third-party capital at AXIS Re Ventures
   Bermuda headquartered insurance and reinsurance group AXIS Capital Holdings has begun to deploy some of the capital it raised for its third-party reinsurance capital management unit, AXIS Re Ventures, in the last quarter.

9. SCOR restructures or cancels 15% of P&C reinsurance book
   French reinsurance company SCOR continued its selective approach to property catastrophe underwriting during the second-quarter of the year, restructuring or cancelling 15% of the SCOR Global P&C book as it maintained its disciplined approach.

10. Third-party reinsurance capital a kind of leverage for Everest Re
    Third-party reinsurance capital, insurance-linked securities (ILS) and its collateralized reinsurance sidecar Mt. Logan Re all provide reinsurer Everest Re with an additional source of financial leverage, of sorts, according to CEO Dominic Adesso.

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 23 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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Q2 2014 Catastrophe Bond & ILS Market Report – The Biggest Quarter, The Biggest Catastrophe Bond

We’ve now published our Q2 2014 catastrophe bond & ILS market report.

This report reviews the catastrophe bond and insurance-linked securities (ILS) market at the end of the record second-quarter of 2014, looking at the new risk capital issued and the composition of the transactions completed during Q1 2014.
Download your copy here.