Best of Artemis, week ending 12th July 2020

Here are the ten most popular news articles, week ending 12th July 2020, 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 read articles on Artemis.bm, week ending 12th July 2020:

1. Reinsurance hard market to last till end of 2021 (at least): Jefferies
   The current hardening cycle in the reinsurance market is expected to last until the end of 2021 by analysts at Jefferies, who also say the broad-based firming is now being seen in almost all lines of business globally.
2. Singapore’s ILS grant scheme extended to end of 2022: MAS
   The Monetary Authority of Singapore (MAS) has extended its insurance-linked securities (ILS) grant scheme to the end of 2022, as Singapore looks to build on recent positive momentum and attract more catastrophe bond issuers to its shores.
3. Chubb proposes parametric risk transfer solution for pandemics
   Chubb has published the details of a proposal for an enormous $1.25 trillion public private risk sharing facility to protect both small and large U.S. businesses against future pandemic risks, with part of the coverage proposed to be structured on a parametric trigger basis.
4. Reinsurance moves up to 20% at July renewal. January to be fragmented: Hyperion
   At the July 1st reinsurance renewals rates were seen to improve by as much as 20% according to Hyperion X, a little behind the average 26.2% rate improvements seen by the company at the June 1st renewals.
5. KKR acquiring life & retirement re/insurer Global Atlantic
   Private equity and buyout giant KKR & Co. L.P. (or Kohlberg Kravis Roberts) has again demonstrated its appetite for insurance-linked returns by announcing it is to acquire life and retirement focused insurance and reinsurance firm Global Atlantic Financial Group.
6. Jutta Kath to depart Schroder Secquaero
   Head of Transaction Management Jutta Kath is to retire early from her position at Schroder Secquaero, the specialist insurance-linked securities (ILS) manager and part of global asset manager Schroders.
7. Hurricane forecasts raised again, above-normal landfall probability remains
   Hurricane forecasts for the 2020 Atlantic tropical storm season have been elevated again to reflect the rapid start to the year in terms of storms already formed, while in addition there remains an above-normal landfall probability for the months ahead, forecasters note.
8. ILS essential to modern reinsurance & risk management: Peak Re CEO Hahn
   With PMLs continuing to rise across numerous parts of emerging Asia, the need for insurance-linked securities (ILS) or alternative reinsurance capital is becoming increasingly vital, according to executives at Hong Kong domiciled reinsurer, Peak Re.
9. Aditya Dutt departs RenRe. O’Donnell assumes Ventures responsibility
   The leader of RenaissanceRe’s third-party reinsurance capital and joint-venture focused Ventures business Aditya Dutt is set to leave the firm for a new opportunity, with CEO Kevin O’Donnell to assume control of the unit.
10. Capsicum Re unveils ExCo leadership to drive next phase of growth
    Reinsurance broker Capsicum Re, a unit of Arthur J. Gallagher  & Co., has announced a new Executive Committee (ExCo) leadership as the company seeks to deliver on further growth.

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 35 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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