Best of Artemis, week ending 13th January 2019

Here are the ten most popular news articles, week ending 13th January 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.

We’re down to the last 25 tickets for our ILS NYC conference. Register today!

Ten most viewed articles on Artemis.bm, week ending 13th January 2019:

1. The renewal wasn’t flat (or down) for everyone
   The January 2019 renewal of reinsurance and retrocession contracts was not a flat affair for everyone, as our sources suggest that those who held the line on pricing were rewarded with better rates and have in some cases built portfolios that promise higher returns as a result.

2. Rick Pagnani joins asset management giant PIMCO to head up ILS
   Asset management giant PIMCO (Pacific Investment Management Company LLC), which is owned by Allianz S.E., is targeting the insurance-linked securities (ILS) and reinsurance linked investments space with the hiring of Rick Pagnani as Head of PIMCO’s ILS Business.

3. Mid-year rate rises could be self-defeating for reinsurers: Goldman Sachs
   Any uptick in reinsurance and retrocession rates at future renewals through 2019 may prove “self-defeating” for traditional reinsurers, as attractive pricing is likely to encourage new capacity to flow into the sector, Goldman Sachs analysts warn.

4. Parametric water-level insurance launched in Europe by Swiss Re
   Commercial risk transfer and corporate insurance solutions provider Swiss Re Corporate Solutions has launched a new parametric product designed to protect European companies that are exposed to high or low water levels.

5. Munich Re pegs 2018 catastrophes at $80bn, hikes wildfires & Jebi estimates
   Global reinsurance firm Munich Re said today that 2018 catastrophe events have driven an estimated $80 billion of industry losses and in the announcement has hiked some industry loss estimates for events including the California wildfires and typhoon Jebi.

6. Liberty Mutual in new $150m Limestone Re sidecar deal
   Global insurer Liberty Mutual Insurance has completed its third reinsurance sidecar transaction through its Limestone Re Ltd. vehicle, with a $150 million arrangement that was largely privately placed.

7. Tremor enables transfer of risk to those best able to bear it efficiently: CEO Bourgeois
   Following the successful completion of the first fully programmatic reinsurance transaction, Artemis spoke with the Chief Executive Officer (CEO) of InsurTech start-up Tremor Technologies, Inc., Sean Bourgeois, about the placement, as well as the involvement of the insurance-linked securities (ILS) space.

8. Nephila & Allianz back wind farm revenue swap for Enel
   Insurance-linked securities (ILS) and reinsurance linked investment manager Nephila Capital has again collaborated with insurer Allianz and broker ReSurety to deliver a wind farm proxy revenue swap product to transfer risks and support cash flows related to a new wind farm construction project.

9. Munich Re lifts Eden Re II sidecar to $300m for 2019
   Reinsurance giant Munich Re has increased the size of its Eden Re II Ltd. fully collateralised sidecar vehicle to $300 million for 2019, the same amount of capital markets backed retrocessional reinsurance support the reinsurer received through the sidecar vehicle last year.

10. Fuchsia Capital PCC registered for UK ILS, understood to be for Beazley
    A third protected cell company has been registered and authorised under the UK’s Risk Transformation Regulations 2017, Artemis has learned. Fuchsia Capital PCC Ltd. is lined up for use as a UK insurance-linked securities (ILS) vehicle, with the sponsor said to be re/insurer Beazley.

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 26 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 growing assets under management of the ILS fund market with our investment manager directory.