Best of Artemis, week ending 10th February 2019

Here are the ten most popular news articles, week ending 10th February 2019, 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.

Ten most viewed articles on Artemis.bm, week ending 10th February 2019:

1. Reinsurance cycle no longer stuck to the bottom, analysts hope
   Equity analysts believe that the reinsurance price cycle is lifting itself clear of the bottom of the market, thanks to a number of factors related to losses, profitability and excess capital.
2. Markel writes down value of CATCo investment
   Markel Corporation has written down the value of its investment in collateralized retrocessional reinsurance investment fund manager Markel CATCo Investment Management following recent challenges at the unit.
3. ILS market ready for next phase of growth, say ILS NYC 2019 speakers
   The insurance-linked securities (ILS) market is ready and expecting to enter further phases of growth and expansion, according to the discussions between speakers and also attendees at Artemis’ third conference in New York, ILS NYC 2019.
4. PG&E’s wildfire cat bond cost it almost $27m per-year in premium
   Bankruptcy threatened California focused electrical utility PG&E Corporation (the Pacific Gas and Electric Company) spent almost $27 million in annual premium for the $200 million of coverage it received from the at-risk Cal Phoenix Re Ltd. (Series 2018-1) catastrophe bond.
5. Markel CATCo further hardens 2017 reserves, redemptions expected
   Markel CATCo Investment Management Ltd., the retrocessional reinsurance investment manager, said this morning that following review it has decided to further strengthen its specific loss reserves for the 2017 hurricanes.
6. Descartes Underwriting launched as parametric, data-driven MGA
   Descartes Underwriting has been launched as a start-up insurance technology (insurtech) managing general agency (MGA) with a focus on parametric and data-driven risk transfer products and an ambition to utilise the ILS market as a source of capacity.
7. Leadenhall AUM reaches $5.5bn, as it sets out stall for further growth
   Leadenhall Capital Partners, the London headquartered insurance and reinsurance linked investment manager, has grown its assets under management by almost 6% to $5.5 billion since last June.
8. ILS capacity “almost unchanged” at 1/1, but retro buy impacted: Hannover Re CEO
   Insurance-linked securities (ILS) and collateralised reinsurance capacity was seen as almost unchanged at the key January 1st 2019 renewals by Hannover Re, but the reinsurer’s CEO noted that its retrocession program was a little harder to place due to an ILS market pull-back there.
9. TWIA targets at least $2.1bn of reinsurance & cat bonds for 2019
   The Texas Windstorm Insurance Association (TWIA) will aim to secure at least $2.1 billion of protection from the global reinsurance and insurance-linked securities (ILS) market for the 2019 hurricane season, taking its total claims-paying capacity to at least $4.2 billion.
10. OmegaCat Reinsurance registered by AlphaCat as Class 3A transformer
    AlphaCat Managers Ltd., the AIG owned insurance-linked securities (ILS) fund and collateralized reinsurance investment manager, has set up a new Class 3A Bermudian reinsurance transformer vehicle, OmegaCat Reinsurance Ltd.

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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