Best of Artemis, week ending 10th June 2018

Here are the ten most popular news articles, week ending 10th June 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 10th June 2018:

1. AIG & AXA examples could lead more re/insurers to acquire ILS units
   The example that will be set by major insurance firms AIG and AXA, in how they integrate newly acquired third-party reinsurance capital and ILS management units within their businesses, could stimulate more ILS acquisitions, as other major insurers look to bring a manager of catastrophe risks in-house.

2. Swiss Re highlights macro trends challenging reinsurance, includes ILS
   Global reinsurance giant Swiss Re has highlighted the key macro trends that its research finds are threatening the insurance and reinsurance business model, among which are the insurance-linked securities (ILS) sector and in particular the risk of collateralised reinsurance.

3. Shiv Kumar (ex-Goldman) hired as President & Global Leader of GC Securities
   The reinsurance broking arm of Marsh & McLennan Companies, Guy Carpenter, has announced the appointment of Shiv Kumar, previously of Goldman Sachs, to the newly created role of President and Global Leader of GC Securities, Capital Markets.

4. Renewals after 2017 hurricanes demonstrate flatter reinsurance cycle: Lloyd’s
   The way reinsurance pricing responded after the major hurricanes of the 2017 season provided further evidence of the flattening of the market cycle and with capital availability still strong after the losses, rate changes may be dampened at renewals going forwards, according to Lloyd’s.

5. Fidelis launches Socium Re collateralised quota share sidecar
   Fidelis Insurance Holdings Limited, the dual underwriting and investment-oriented insurance and reinsurance firm launched by Richard Brindle, has launched its first collateralised reinsurance sidecar, with Socium Re Ltd. capitalised with $50 million to begin and destined to become a growing source of quota share for the firm.

6. USAA extends maturity on $170m of notes across three ResRe cat bonds
   U.S. primary military mutual insurer USAA has elected to extend the maturity dates for $170 million of catastrophe bond notes across three Residential Re issuances, as the firm continues to expect that it may be able to recover some of its losses from the principal that remains outstanding.

7. PartnerRe shifts ILS strategy from actively managed to quota shares
   PartnerRe is making a change to its third-party reinsurance and ILS capital management strategy, moving away from running an actively managed insurance-linked securities (ILS) portfolio to a strategy focused on using quota shares to allow investors to participate in its reinsurance underwriting returns.

8. Lottoland to make Fortuna jackpot ILS claim after EUR 90m win
   Investors in the Lottoland sponsored lottery jackpot insurance-linked securities (ILS) and collateralised reinsurance are set to be on the hook for some level of payout after a EUR 90 million win by a customer triggered payouts through the firms unique Fortuna PCC insurance model.

9. Leadenhall Capital Partners passes $5bn of ILS assets under management
   Helped by new allocations received in the run up to the mid-year renewal season, specialist insurance-linked securities (ILS) and reinsurance linked investment manager Leadenhall Capital Partners LLP has now passed $5 billion of ILS assets under management.

10. Schinnerer to rebrand as Victor, alternative capital a key strategic pillar
    The Schinnerer Group, a specialty underwriting manager and managing general underwriter (MGU), is rebranding as Victor and putting access to alternative sources of insurance and reinsurance capital as a key strategic pillar.

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 25 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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