Best of Artemis, week ending 12th June 2016

Here are the ten most popular news articles, week ending 12th June 2016, 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.

Top ten most viewed articles on Artemis.bm, week ending 12th June 2016:

1. Paris & France floods & storms could cost insurers over EUR2bn: MAIF
   The insurance industry bill from severe flooding and storms affecting Paris and surrounding regions of France will be as much as EUR2 billion ($2.3 billion) or more, according to Pascal Demurger, director general of French mutual insurers group the MAIF. The French Insurance Association (AFA) said that the final loss could be as much as EUR1.4 billion (approximately $1.6 billion).

2. “Reinsurance platform” to support life ILS growth: Rivas, Credit Suisse
   The development of a “reinsurance platform” at Credit Suisse Insurance Linked Strategies Ltd. is set to further expand the unit’s capabilities in the global life reinsurance and ILS space, according to Javier Rivas, Director of ILS at the firm.

3. Renewal trends hint at proximity of U.S. reinsurance pricing floor
   A number of trends noticed during the recent June 1st reinsurance renewal point to the proximity of a pricing floor for U.S. property catastrophe reinsurance, and these trends are expected to be seen more widely through the U.S. nationwide accounts renewing in July.

4. We’ve got “smart capital”, we need to connect it to risk: Rowan Douglas
   Despite the insurance, reinsurance and ILS landscape being awash with “smart capital,” the majority of the world remains either underinsured or uninsured, highlighting the challenge for the risk transfer industry to develop the right mechanisms to enable capital deployment where it’s needed most.

5. ILS business could transact in London from January 2017 – LMG’s Newman
   The UK Treasury continues to target having its insurance-linked securities (ILS) legislation completed and passed by government for the end of this year and the London ILS initiative led by the LMG continues to aim for ILS business to be conducted in London from January 1st 2017.

6. At least $7bn of global insured disaster losses in May: Aon Benfield
   Global natural disasters and severe weather events are expected to cost the insurance and reinsurance industry at least $7 billion in May, as the Fort McMurray wildfire, European and U.S. severe weather ramp up industry losses.

7. Speedwell Weather plans parametric weather risk transfer platform
   Speedwell Weather, a provider of weather data, forecasting information, analytics, software and consultancy to the weather derivatives and weather risk management market, is planning to launch a free platform to facilitate parametric weather risk transfer.

8. Twelve Capital anchor investor in €50m insurance private debt deal
   Insurance and reinsurance linked investment manager Twelve Capital has acted as anchor investor for a new EUR50m insurance private debt transaction, as the firm continues to provide its investors with access to insurance-linked returns across the balance-sheet.

9. JLTCM in $78.7m Market Re 2016-2 FHCF replacement cat bond
   The Jardine Lloyd Thompson Capital Markets (JLTCM) team has successfully completed its largest Market Re privately placed catastrophe bond to date, with the announcement of a $78.7m Market Re Ltd. (Series 2016-2) deal for a repeat sponsor.

10. ILS capital focuses Bermuda reinsurers on closing Protection Gap: ABIR’s Kading
    The presence of alternative capital in the global reinsurance marketplace has enabled Bermudian insurers and reinsurers to be innovative in their efforts at closing the protection gap, according to Bradley Kading of the Association of Bermuda Insurers and Reinsurers (ABIR).

This is by no means every article published on Artemis during the last week, just the most popular, some of which were published over a week ago. There were 27 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 market in our range of charts, allowing you to analyse the cat bond market.

Artemis’ Q1 2016 Catastrophe Bond & ILS Market Report – Another record first-quarter

We’ve now published our Q1 2016 catastrophe bond & ILS market report.

This report reviews the catastrophe bond and insurance-linked securities (ILS) market at the end of the first-quarter of 2016, looking at the record $2.215 billion of new risk capital issued and the composition of the cat bond & ILS transactions completed during Q1 2016. The report also includes a review of global property catastrophe reinsurance pricing trends and commentary on dedicated reinsurance sector capital from co-editor GC Securities.

Download your copy here.