Archive for November, 2022

Super Early Bird ticket sales for our next insurance-linked securities (ILS) market conference, Artemis ILS NYC 2023, will end on November 25th, after which the price will rise. So please register today to secure your place at the lowest possible cost.

For our latest Artemis Live video interview, we discussed the state of the catastrophe bond market after hurricane Ian and the opportunities now available to investors with Florian Steiger, Head of Cat Bonds at specialist ILS and reinsurance asset manager Twelve Capital.

The innovative parametric insurance product that provides a form of protection to fund repairs following storm damage to coral reefs has now been taken up in Hawaii, with a policy provided by global reinsurance giant Munich Re, according to arranger WTW.

After extended last minute negotiations, an agreement has been reached on forming a loss and damage fund at the COP27 climate change conference in Egypt, but the details will matter as to how this important climate risk financing initiative comes together and the role of risk transfer markets in supporting it.

In a clear signal of catastrophe bond market pricing and cat bond investor demand for adequate returns, Fidelis’ new Herbie Re Ltd. (Series 2022-1)  catastrophe bond has been priced at a below-target size of $80 million, with the risk interest spread fixed at roughly 30% above the initially marketed mid-point.

Catastrophe bond funds, as measured by the Plenum CAT Bond UCITS Fund Indices, have gained another 0.60% on average in the last week, as valuations continue to be adjusted upwards to take account of lower loss expectations for recent hurricane Ian.

Hurricane Ian has potentially created one of the most disrupted reinsurance markets of the last decade, but those best-placed with stable capacity stand to benefit most, according to an investor note by the Amundi US ILS portfolio management team seen by Artemis.

The unwinding of the Markel CATCo retrocessional reinsurance investment funds and the return of capital to investors continues apace, with a further US $17.8 million now being delivered back to shareholders in the London-listed retro fund.

A new life settlement investment platform, Fifth Season Investments LLC, has been launched with the backing of $132 billion alternative asset manager Blue Owl Capital.

Here are the ten most popular news articles, week ending November 20th 2022, 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.