Best of Artemis, week ending 7th October 2018

Here are the ten most popular news articles, week ending 7th October 2018, 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 7th October 2018:

1. Record third-quarter takes 2018 cat bond issuance to $11.88bn: Report
   Our latest quarterly report on the catastrophe bond and related insurance-linked securities (ILS) market is available to download now. The report, ‘Q3 2018 – New perils help cat bond market to record Q3’, analyses a record third-quarter which saw $2.5 billion of issuance, helping the market to another record size of $36.57 billion.

2. RenRe’s third-party capital ability said key attraction for potential buyers
   The investors who have called for the sale of Bermudian reinsurance firm RenaissanceRe have cited the companies “dominant and unique position in third-party capital management” as a key reason to pursue a sale, saying potential buyers would find that attractive.

3. ILS funds hit by Citrus cat bond loss creep & eroded aggregates in August
   The performance of insurance-linked securities (ILS) funds in August 2018 was hit by a number of factors, leading to an average return for the market of 0.45% for the month, which is below the long-term average.

4. Typhoon Mangkhut triggers Guangdong parametric catastrophe insurance
   According to the local insurance regulator the Guangdong parametric catastrophe index insurance facility is set to payout after the impacts of recent typhoon Mangkhut, with CNY 75 million (approx. US $11m) expected to be disbursed by the facilities insurance and reinsurance backers.

5. First flood cat bond “very significant” for ILS market: John Seo, Fermat
   The first flood catastrophe bond, sponsored by the U.S. Federal Emergency Management Agency (FEMA) to transfer risk from the National Flood Insurance Program’s (NFIP) risk to the capital markets, was a “very significant” transaction for the ILS market, according to Fermat Capital Management’s John Seo.

6. United (UPC) in 2018 Promissum Re collateralized reinsurance arrangement
   United Insurance Holdings (UPC Insurance) has renewed its Promissum Re collateralized reinsurance facility in 2018 at an unknown size and the firm has deepened a relationship with investors Amundi Pioneer Asset Management who have allocated just under $20 million to the arrangement.

7. Indonesia looks to cat bonds after string of earthquakes & tsunami
   Indonesia is to launch a new plan for disaster risk management, resilience and transfer, with catastrophe bonds eyed as one potential financing tool, as the country begins the recovery from a number of earthquakes and the recent devastating Sulawesi quake and tsunami.

8. Cat risk modelling “duopoly” limits re/insurance industry view of risk: Simplitium
   The insurance, reinsurance and insurance-linked securities (ILS) market faces a catastrophe risk modelling duopoly as 30 years after the commercialisation of cat risk models the industry is still dominated by just two vendors, says Simplitium.

9. Lockton hires two with aim to connect insurtechs with capital markets
   The largest independent insurance broker Lockton has hired two new investment banking and technology experts to its recently launched Lockton Capital Markets division, with the goal of connecting insurtech start-ups with the capital markets.

10. Swiss Re structures parametric haze insurance for Singapore businesses
    After two severe haze events that affected Singapore resulted in total economic losses of around US $1.3 billion, Swiss Re Corporate Solutions has structured a parametric insurance solution to help businesses transfer the risk of losses from future haze outbreaks.

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 28 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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