Best of Artemis, week ending 7th May 2017

Here are the ten most popular news articles, week ending 7th May 2017, 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.

Ten most viewed articles on Artemis.bm, week ending 7th May 2017:

1. Alternus brings ILS efficiency to primary property risks: Marsh
   Senior executives at insurance and reinsurance brokerage Marsh discussed the recent launch of Alternus, the Nephila Capital backed commercial property insurance facility that brings alternative reinsurance capacity to a retail solution for U.S. company property portfolios, in their recent quarterly earnings call.

2. New York MTA targets $125m parametric MetroCat Re 2017-1 cat bond
   The New York Metropolitan Transportation Authority (MTA) is returning to the catastrophe bond market for its second issuance, a $125 million MetroCat Re Ltd. (Series 2017-1) cat bond, which will provide the NY MTA’s captive insurer the First Mutual Transportation Assurance Co. with parametric storm surge and earthquake reinsurance protection.

3. ILS players look to InsurTech to disrupt the value chain: WTWS
   As technology continues to advance and influence industries throughout the world, the risk transfer landscape seemingly has little choice but to embrace and utilise the rise of InsurTech and, according to Willis Towers Watson Securities (WTWS), some insurance-linked securities (ILS) players aren’t shying away from the challenge.

4. JLT launches ILS Protect, D&O/PI, Cybercrime insurance for ILS fund managers
   JLT Group has launched an interesting new insurance product specifically designed for insurance-linked securities (ILS) fund managers. ILS Protect is the first insurance product to offer Directors & Officers plus professional indemnity and Cybercrime insurance coverage designed for ILS funds.

5. Data leads cyber exposure, silent or catastrophic cyber risk is ILS’ future
   Data loss from cyber breaches to corporations currently lead the insurance and reinsurance industry’s exposure to cyber risks, according to risk modeller RMS, but in the future there is the potential for cyber catastrophes of a systemic scale, the company’s research shows.

6. Watford Re results stable for Arch, despite higher loss ratio
   Total return reinsurance vehicle Watford Re, which is part-owned and operated by re/insurer Arch Capital Group alongside asset manager Highbridge Principal Strategies, has seen relatively stable performance in the first-quarter of 2017, although a slightly higher loss ratio dented its results a little.

7. NFIP flood cat bonds called for in reauthorisation proposal
   A newly proposed draft piece of legislation which calls for the National Flood Insurance Program (NFIP) to be reauthorised for a 10 year period also clarifies the authority of the administrator FEMA to issue flood catastrophe bonds.

8. Collateral release boosts Lancashire’s income from Kinesis
   A release of retained collateral has helped to boost specialist London and Bermuda insurance and reinsurance underwriter Lancashire Holdings income from its third-party reinsurance capital unit Kinesis Capital Management during the first-quarter of the year.

9. Markel reports increased Markel CATCo investment management fees
   Financial services and insurance group Markel Corporation said that investment management fees generated by its reinsurance and retrocession linked investment manager, Markel CATCo Investment Management, rose by 30% in the first quarter of 2017.

10. Oaktown Re mortgage ILS a reinsurance & capital play for NMI Holdings: CEO
    NMI Holdings has successfully completed its first securitization of mortgage insurance risks, with the issuance of the $211.32 million of Oaktown Re Ltd. (Series 2017-1) insurance-linked notes that have secured it a source of reinsurance from the capital markets that also helped free up underwriting capital, according to the CEO.

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 22 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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