Best of Artemis, week ending 3rd March 2019

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

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

1. IAG sponsors first Singapore catastrophe bond, A$75m Orchard ILS Pte
   Insurance Australia Group (IAG) has sponsored its first catastrophe bond and the transaction is also the first cat bond to be issued in Singapore, using the countries’ Special Purpose Reinsurance Vehicle (SPRV) regulations.
2. Markel CATCo listed fund likely to be run-off, enable investor redemptions
   Markel CATCo Investment Management looks likely to run-off the portfolios of retrocession reinsurance from its stock exchange listed fund the CATCo Reinsurance Opportunities Fund.
3. Alleghany CEO warns re/insurers not to chase the ILS tail (risk)
   Weston Hicks, the President of the Alleghany insurance, reinsurance and investment group, has warned re/insurers that provide fronting and transformation services to the ILS and collateralized market to beware of being left holding the tail risk.
4. Nephila delivers Markel $25.3m in revenues in just a month & a half
   Markel Corporation earned an impressive $25.3 million of operating revenues from its insurance-linked securities (ILS) manager Nephila Capital in 2018, despite only having acquired the firm in mid-November.
5. First terrorism risk cat bond oversubscribed: Pool Re
   Pool Re, the UK government-backed mutual terrorism reinsurance facility, has now successfully completed the issuance of its first terrorism risk catastrophe bond, the £75 million ($97m) Baltic PCC Limited (Series 2019) with the placement said to have been oversubscribed thanks to ILS investor support.
6. ILS growth to come from less conventional sources: Schultz, Aon Securities
   While alternative capital continues to outpace traditional reinsurance capital in terms of growth, the future of the ILS market may come through opportunities from less conventional sources, according to Paul Schultz.
7. Hiscox sees sustained ILS demand, launches new primary focused ILS fund
   Hiscox said that it has continued to see sustained demand for its Hiscox Re ILS funds, despite the impacts of major losses over the last year and the firm has launched a new ILS strategy in January with a focus on accessing primary insurance returns.
8. Collateralized reinsurance worked as designed & advertised: John Forney, CEO UPC
   Collateralized reinsurance structures and markets worked exactly as designed and advertised, which gives United Insurance Holdings (UPC Insurance) the confidence to execute on its strategy, according to CEO John Forney.
9. Some “significant price increases” expected at April 1 renewal in Japan: JMP
   Reinsurance rates for Japanese accounts are expected to broadly rise at the upcoming April 1st renewals, with some price increases expected to be “significant” while more broadly there is a hope for widespread double-digit rate improvements.
10. PCS puts Typhoon Jebi at $10bn, loss creep may continue: Johansmeyer
    Typhoon Jebi is estimated to have caused an insurance industry loss of $10 billion by Property Claim Services (PCS), with the potential for further loss creep apparent, according to Tom Johansmeyer, Co-Head PCS.

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 30 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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