Best of Artemis, week ending 12th May 2019

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

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Ten most viewed articles on Artemis.bm, week ending 12th May 2019:

1. Jebi nears $13bn, why industry missed the loss creep: Swiss Re CFO
   Global reinsurance firm Swiss Re strengthened its typhoon Jebi loss reserves in the last quarter and the firms CFO John Dacey said that the company puts the industry loss from the storm at close to $13 billion now.
2. ILS fund returns dented by continuing loss creep in March
   Continued loss creep suppressed the returns of catastrophe bond, insurance-linked securities (ILS) and reinsurance linked investment funds in March 2019, causing the ILS Advisors Index to fall to a negative -0.12% for the month.
3. ILW market dynamics offer attractive investment potential
   The industry loss warranty (ILW) market offers an attractive investment opportunity at this point in time, as market dynamics have reduced available capacity, meaning fewer coverage providers exist right now and ILW returns are on the rise.
4. Nephila assists insurtech WorldCover with reinsurance via Lloyd’s syndicate
   Emerging markets and climate insurance focused  insurtech start-up WorldCover has partnered with the world’s largest ILS fund manager Nephila Capital, who will now provide some of the firms reinsurance protection through its Lloyd’s syndicate 2357.
5. Safepoint visits Singapore for a $75m Manatee Re II catastrophe bond
   U.S. primary insurer Safepoint is set to issue a new catastrophe bond in Singapore, as a $75 million Manatee Re III Pte. Ltd. (Series 2019-1) transaction launches to the market.
6. United’s (UPC) new Armor Re II cat bond halved at higher pricing
   The latest catastrophe bond to be sponsored by United Insurance Holdings (UPC Insurance) has halved in size, we’re told, as pricing expectations moved to the top-end of expectation, leading to a tranche being pulled and the insurer likely opting to place the remainder of the cat bond in another form.
7. Allianz promotes two within its Alternative Risk Transfer (ART) business
   Allianz Global Corporate & Specialty (AGCS) has announced that current head of Alternative Risk Transfer (ART), Regional Unit London (RUL), Grant Maxwell, has moved to the newly created role of Head of Underwriting and Portfolio Management.
8. Catastrophe bond yields jump higher in slower Q1 market: Willis Re
   Despite an overall slower level of issuance of non-life catastrophe bonds in the first-quarter of this year, broker Willis Re notes that yields are on the rise as investors and ILS funds demand higher returns after recent losses.
9. SCOR seeks second UK cat bond with $175m Atlas Capital UK 2019
   French global reinsurance player SCOR is back in the market with what will be the firms second catastrophe bond to be domiciled in the United Kingdom, a $175 million multi-peril Atlas Capital UK 2019 PLC (Series 2019-1) transaction.
10. Apollo’s Athene raises $1bn of $4bn target for ACRA insurance-linked fund
    Athene Holding Ltd., the life and retirement reinsurance firm that is majority owned by Apollo, has raised $1 billion of third-party capital commitments for its new Athene Co-Invest Reinsurance Affiliate (ACRA) vehicle that will enable investors to participate alongside the insurer in private deals.

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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