Best of Artemis, week ending 11th August 2019

Here are the ten most popular news articles, week ending 11th August 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.

Super Early Bird tickets are almost sold out for our ILS NYC 2020 conference. Register today!

Ten most read articles on Artemis.bm, week ending 11th August 2019:

1. Swiss Re CorSo launches digital parametric risk transfer platform
   Swiss Re Corporate Solutions’ Innovative Risk Solutions team, a division of reinsurance giant Swiss Re, has launched a digital parametric natural catastrophe platform in the U.S. for the small and medium-sized enterprise (SME) market, called Parametric Online Platform (“POP”) STORM.
2. AIG buys new property reinsurance treaties, plus aggregate retro via Validus
   Global insurance and reinsurance carrier American International Group, Inc. (AIG) continued to bulk up its reinsurance protection in the second-quarter of the year, adding two new property treaties and an aggregate retro arrangement through Validus.
3. Capital One cyber attack designated as PCS Global Cyber loss event
   The recent Capital One cyber hack attack and resulting significant data breach could lead to a significant cyber insurance and possibly reinsurance market loss, leading Property Claim Services (PCS) to designate the event.
4. Florida State Board allocates $400m to Aeolus, Pillar, Nephila, RenRe
   The Florida State Board of Administration, which manages around $201 billion of assets in state pension and investment plans, added $400 million of new allocations to a range of top insurance-linked securities (ILS) managers in the second-quarter of 2019.
5. ILS funds report mixed returns, as loss creep continued in June
   Loss creep continued to affect the market for insurance-linked securities (ILS), catastrophe bonds and collateralized reinsurance funds in June 2019, denting the average performance to a below average 0.30% for the month.
6. Allianz tests cyber risk securitisation, but “not priority number one”
   Global insurance and reinsurance group Allianz has been testing out the securitisation of cyber risks and there transfer to capital markets investors, but the firms CFO explained recently not to expect an explosion of such activity, as it is “not priority number one.”
7. Reinsurer cat exposure up, retro flat, says S&P. Capital dynamics evolving?
   Some global reinsurance players have been increasing their exposure to catastrophe risks, taking advantage of higher premium rates available, but there hasn’t been a noticeable uptick in retrocession buying as a result, according to S&P Global Ratings.
8. HSBC UK pension gets £7bn longevity swap from Prudential
   The UK pension scheme of HSBC Bank has entered into a longevity swap transaction covering £7 billion of its liabilities with The Prudential Insurance Company of America (PICA), part of Prudential Financial, Inc.
9. Hurricane season now forecast above average, El Niño turns neutral
   Forecasts for the 2019 Atlantic hurricane season have slowly been increasing, in terms of numbers of storms, as forecast teams have included the activity so far and taken into account that El Niño is now not expected to be an influence through the rest of this year.
10. ARC sells first replica parametric policies to WFP & Start Network
    The African Risk Capacity (ARC), an organisation providing parametric sovereign disaster risk insurance and resilience building support to African nations, has sold its first replica coverage policies for drought to the World Food Programme (WFP) and the Start Network.

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 31 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.

Get listed in our MarketView directory of professionals.

View the current breakdown of the ILS market in our range of charts, allowing you to analyse cat bond issuance.

Check out the assets under management of the ILS fund market with our ILS investment manager directory.