Best of Artemis, week ending 12th November 2017

Here are the ten most popular news articles, week ending 12th November 2017, 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.

Ten most viewed articles on Artemis.bm, week ending 12th November 2017:

1. Cat rates could rise 25%, but “eager” alternative capital may dampen: Willis
   Catastrophe exposed property insurance pricing is expected to rise anywhere from 10% to as much as 25%, depending on whether accounts faced losses during the recent hurricane events, but “still eager” alternative capital providers may dampen the upward pressure on rates, broker Willis Towers Watson said.

2. ILS NYC 2018: Who’s speaking & who can you meet on the day?
   It’s just under three months until our second conference in New York, with Artemis ILS NYC 2018 being held in central Manhattan on the 2nd February. Tickets are selling fast and today we can reveal some of our speakers and also give you a glimpse at who you can meet on the day.

3. Record -9.04% decline for ILS funds in September 2017: ILS Advisers
   The insurance-linked securities (ILS) fund market has experienced its largest ever losses in September 2017, final data from ILS Advisors index of ILS funds performances shows, with the average being a decline of -9.04%.

4. RenRe expects to recover $500mn from collateralized retro reinsurance
   Reinsurer RenaissanceRe (RenRe) has revealed that it ceded more than two-thirds of its gross losses from Q3 events to retrocessionaires and third-party investors, which includes a roughly $500 million collateralised reinsurance recovery.

5. Climatic loss, damage & risk transfer to top COP23 agenda
   Topping the agenda at the current COP23, 23rd Conference of the Parties (COP) annual UN climate conference held in Bonn, Germany over the coming fortnight, is the topic of climatic loss and damage, providing an opportunity for risk transfer and re/insurance practices to take centre stage.

6. Hiscox sees growth for ILS funds, forecasts “material hardening of rates”
   Hiscox Group, the specialist insurance and reinsurance firm, has experienced further growth in its Hiscox Re ILS funds in the last quarter, but following the major catastrophe losses is witnessing “material hardening” with some property catastrophe reinsurance rates expected to be up as much as 30%.

7. Markel CATCo targets $250m+ capital raise for listed fund
   Markel CATCo Investment Management Ltd., the collateralized reinsurance and retrocessional investment fund manager, is aiming to raise at least $250 million of new capital for its stock exchange listed retrocessional reinsurance fund, to take advantage of new demand at the January renewals.

8. Investor interest in ILS is higher now than ever before: John Seo
   Contrary to the long-held belief (in some circles) that ILS investors would flee from the market following any major catastrophe losses, the response so far has been extremely positive and at this point in time the interest being shown by investors is perhaps at an all-time high.

9. Munich Re expecting “significant market recovery”
   Munich Re is the latest of the major reinsurance firms to signal that it is expecting at least some reversal of recent price softening across catastrophe business and perhaps other lines, as it hopes for a “significant market recovery.”

10. Chronic underpricing of risk leads to natural inflection point: McGavick, XL
    The reinsurance industry has been guilty of chronically underpricing catastrophe exposed products, which means it is natural that following major losses such as the hurricanes and earthquakes seen in Q3 2017 the market reaches an inflection point as it looks to reprice, according to Mike McGavick, CEO of XL Group Ltd.

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 33 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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