Best of Artemis, week ending 4th November 2018

Here are the ten most popular news articles, week ending 4th November 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 4th November 2018:

1. RenaissanceRe to acquire Tokio Millennium Re for $1.5bn
   RenaissanceRe, the Bermudian reinsurer and third-party reinsurance capital management veteran, is set to acquire the Tokio Millennium Re reinsurance operations of Japanese giant Tokio Marine, in an acquisition valued at $1.5 billion that brings together an ILS capital manager and a leading reinsurer that also operates as an ILS facilitator.

2. Securis to exit from direct Lloyd’s business as returns fall below targets
   Securis Investment Partners, the London-headquartered insurance and reinsurance linked investment manager, is exiting from the Lloyd’s marketplace as its platforms no longer deliver the returns required by its investor mandates.

3. Cartesian Re & Iris Re acquired by Neuberger Berman Group
   The insurance-linked securities (ILS) and collateralized reinsurance investment management entities of the Cartesian Capital Group have been sold to investment manager Neuberger Berman Group.

4. RenRe & Tokio Marine to provide continuity for TMR fronting partners
   RenaissanceRe’s CEO said that as part of the Bermudian reinsurance firm and third-party capital manager’s acquisition of Tokio Millennium Re it will, alongside Tokio Marine, offer continuity to the fronting cedants and business partners for a defined period.

5. Nephila acquisition cost Markel total consideration of $975m
   The acquisition of the world’s largest insurance-linked securities (ILS) and reinsurance linked investment fund manager, Nephila Capital, is set to cost Markel Corporation a total consideration of $975 million, which will be paid in cash, the firm has disclosed.

6. Singapore launches cyber risk pool, to be backed by ILS & reinsurance
   The Finance Minister of Singapore has announced the launch of the world’s first commercial cyber risk pool, a facility for providing cyber insurance to corporate buyers in the Asia region that is expected to be backed by both insurance-linked securities (ILS) and reinsurance.

7. Bill calls on U.S. to transfer Government risks to private sector capital
   A piece of legislation that is passing through the U.S. government houses at the moment calls on the United States government to be more proactive in transferring insurance related risks from federal programs to the private market.

8. Ed Broking being acquired by BGC Partners
   Interesting mergers & acquisitions (M&A) news this morning as insurance and reinsurance broker Ed Broking Group announced that it is being acquired by financial broking and technology house BGC Partners.

9. Private ILS losses send ILS fund Index to -0.08% decline for September
   The average return of insurance-linked securities (ILS) funds tracked by ILS Advisors Index was negative for the month of September 2018, coming in at -0.08% after a series of natural catastrophe events impacted ILS fund performance during the month.

10. Markel’s fee income from CATCo well ahead of expectations: Whitt
    Markel Corporation continued to report a significant increase in the investment management income it has earned from its reinsurance and retrocession linked specialist ILS investment manager Markel CATCo in its third-quarter earnings.

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 32 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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