21 years of Artemis, almost $125bn of catastrophe bonds & ILS recorded

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Artemis is 21 years old this week. On the 12th of May 1999, Artemis was launched to an audience of reinsurance and capital market executives at an event held in Bermuda.

artemis-bm-21-years-old-ilsOur goal back in 1999 was to provide an online home for the emerging catastrophe bond and insurance-linked securities (ILS) sector and to foster the development of the capital market’s participation in reinsurance.

Facilitating timely, relevant and accurate information flow for ILS and reinsurance professionals, while explaining insurance-linked securities (ILS) to risk transfer users or potential investors, was our aim.

While our goals haven’t changed, the market has significantly in the 21 year’s we’ve been analysing the insurance-linked securities (ILS) and alternative reinsurance market.

But it’s as interesting as it ever was and the people working in the ILS business and related sectors are some of the most brightest around, not to say some of the nicest and most generous we encounter and after 21 years it’s a privilege to call many of our readers friends.

Artemis continues to facilitate education, information provision and transparency, regarding the use of capital market techniques and risk financing tools within insurance and reinsurance, as well as other alternative methods of risk transfer.

Furthermore, we continue to facilitate and stimulate a conversation about how capital is driving innovation or disruption within the insurance and reinsurance sector, which we still firmly believe has been a game-changer and changed the reinsurance market paradigm for good.

As the business models in ILS become increasingly sophisticated and ILS practices more embedded within traditional re/insurance operations, the convergence continues apace.

Yes, the lines are incredibly blurred today and likely to become more so, especially as technology adds another layer of efficiency on top of the pipeline that funnel risk to capital in the insurance industry.

We’re happy to report that our insurance-linked securities (ILS) market news, analysis, information and data services still attract tens of thousands of readers from across the globe every single month.

We average more than 55,000 unique readers per month, send emails to more than 10,000 and the number receiving  our email alerts that let you know immediately we publish new articles is rising as well.

Our sister publication Reinsurance News is now being read by more than 150,000 individual readers every calendar month, so do please check that free service out as well.

We continue to evolve, just as the industry does. In the last month we launched our Artemis Live series of video interviews and also an audio podcast.

Already the videos have been viewed by around 3,000 people and the podcast already counts more than 250 subscribers. The response to these new initiatives has been fantastic and it’s great people are finding them a useful addition to what we do.

The world has changed immeasurably in the last few months and we’re doing what we can to keep the information flowing to the ILS community, in whatever form you prefer to consume it.

The ILS market has grown significantly since our launch back in 1999.

When Artemis emerged as a website concept, thanks to the frankly quite visionary Rowan Douglas (now of WTW) who I worked for at the time, we felt there were perhaps 200 people in the world that we really cared about and hoped would become our readers.

It was clear at the time that this sector was going to grow and become an important piece of the insurance risk transfer market, so we decided to build it a home.

In May 1999, at its launch, the Artemis Catastrophe Bond Deal Directory contained just 18 entries, amounting to approximately $2.35 billion of risk capital issued across what were at the time truly pioneering transactions.

We were delighted with the 200 or so readers a month we managed to attract, given the niche focus and with just a handful of ILS investment opportunities being available, the dedicated ILS fund manager community was incredibly small at that stage in the development of this market.

Now we average between 55,000 to 60,000 individual readers every single month, sometimes higher, demonstrating the still-growing broad interest in catastrophe bonds, ILS and reinsurance linked returns as an investable asset class, as well as the disruption and change it has driven across the reinsurance and risk transfer marketplace.

Now, there are many ways to access the returns of the insurance market, not just catastrophe insurance risks, but across a much wider section of re/insurance, the returns of which are becoming increasingly accessible to capital market investors.

21 years on, the Artemis Deal Directory now features information on almost 670 individual catastrophe bond and related ILS transactions, while the total cumulative cat bond and ILS issuance recorded in the Directory has reached just under a huge $125 billion.

A number set to rise even further as we still have 4 transactions listed that are yet to complete and more cat bonds are expected to come to market soon as well.

catastrophe-bond-ils-issuance

View details of all 670 catastrophe and related insurance-linked securities (ILS) transactions in the Artemis Deal Directory and analyse this issuance using our Dashboard and Charts. Check out our quarterly cat bond and ILS market reports as well, covering 2014 onwards and freely available online.

Since we launched the article section of Artemis as a blog in 2008 we’ve published more than 12,650 news stories, interviews and analysis pieces, always focusing on ILS, catastrophe bonds, alternative reinsurance capital, related risk transfer topics of interest, or just where we feel the capital markets has a role to play in provision of insurance risk capital.

Across the last 12 months readers have viewed pages of the website well over 3.5 million times.

I’d personally like to thank all of our readers, contributors, sponsors, advertisers, partners and good friends from the industry and further afield.

I truly value the relationships we’ve built with the market, the friends we’ve made over the year’s and continue to enjoy the insights and expertise of so many of you.

Your support is highly valued and appreciated. We enjoy our good relationships with the industry, as well as the immense expertise we get to tap into and learn from. We look forward to continuing to work closely with you.

Best wishes and I hope you continue to enjoy Artemis!

Steve Evans

Steve Evans
Owner & Editor, Artemis.bm.

 

Here are a few reminders of the evolution of Artemis since its launch in 1999, for those who’ve been with us since the start.

This image shows how Artemis looked on the day it launched, 12th May 1999, taken from the original press release.

I particularly enjoy the fact that the top headline discussed the potential growth of corporate cat bonds, a topic that continues to be discussed today.

Artemis in 1999

This image shows Artemis in late 2000, around 18 months after its launch. Not much had changed, but deal-flow was accelerating and things were starting to get interesting in the emerging ILS world.

Artemis in 2000

This image shows how Artemis looked in 2004.

Artemis in 2004

From 2008 to late 2018 Artemis looked similar to this, but our readership grew from 1,000 readers per month to more than 50,000 over that decade.

Artemis 2018

Stay tuned!

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Artemis Live - ILS and reinsurance video interviews and podcastView all of our Artemis Live video interviews and subscribe to our podcast.

All of our Artemis Live insurance-linked securities (ILS), catastrophe bonds and reinsurance video content and video interviews can be accessed online.

Our Artemis Live podcast can be subscribed to using the typical podcast services providers, including Apple, Google, Spotify and more.

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