Best of Artemis, week ending 3rd February 2019

Here are the ten most popular news articles, week ending 3rd February 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.

Ten most viewed articles on Artemis.bm, week ending 3rd February 2019:

1. FEMA renews NFIP reinsurance program at $1.32bn for 2019
   The U.S. Federal Emergency Management Agency (FEMA) has renewed its traditional flood reinsurance program to cover the National Flood Insurance Program (NFIP) for 2019 at the slightly smaller size of $1.32 billion.
2. April renewal a potential catalyst for pricing, as Japanese losses creep
   Insurance and reinsurance market loss estimates for catastrophes and severe weather that struck Japan in 2018 continue to creep upwards, leading some analysts to suggest that the April renewal could prove a needed catalyst for pricing.
3. Swiss Re sets up EU entity for derivative & ILS continuity post-Brexit
   Global reinsurance firm Swiss Re has established a new European entity in Luxembourg named Swiss Re Capital Markets Europe, S.A. to ensure it has trading continuity for derivative contracts in the weather and energy risk transfer space, as well as ILS instruments, after Brexit.
4. Leadenhall backs start-up insurer to access accident & health risks
   Specialist insurance and reinsurance linked investment manager Leadenhall Capital Partners has completed another financing of a start-up insurer that it hopes will secure it with access to attractive accident & health risks for its life portfolio.
5. Cat bond attraction as investment & risk transfer to persist, perhaps intensify
   Catastrophe bonds are likely to remain a very attractive option for alternative investing and also as a risk transfer tool, perhaps becoming more so in the wake of the last two years of losses and the resulting market shake-out.
6. Muted pricing response to losses a test for carriers & investors: JLT Re
   The capital resilience of carriers and reinsurance appetite of third-party investors is being tested by the muted renewal pricing response to two years of elevated losses, according to broker JLT Re.
7. AXIS ceded nearly $600m of premium to third-party capital partners in 2018
   Bermudian insurance and reinsurance specialist AXIS Capital Holdings Limited significantly increased its activities with third-party investors in 2018, doubling its premiums ceded through ILS type arrangements to so-called strategic capital partners to nearly $600 million.
8. Hiscox Re ILS funds participate in Philippines sovereign parametric renewal
   Hiscox Re ILS deployed capacity into the recent renewal of the Philippines sovereign parametric disaster insurance facility, adding to the amount of third-party capital now backing this risk transfer program.
9. Start-up targets ILS users for new catastrophe underwriting & pricing platform
   A technology start-up is targeting the insurance-linked securities (ILS) market as potential users for its newly developed catastrophe reinsurance underwriting and pricing platform.
10. RenRe’s fee income from third-party capital hits $90m for 2018
    RenaissanceRe’s fee income earned from third-party capital management activities, joint-ventures, managed ILS funds and other structured reinsurance backed by capital from investors rose to $90 million for 2018.

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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