Best of Artemis, week ending 13th March 2016

Here are the ten most popular news articles, week ending 13th March 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 13th March 2016:

1. Longevity swap & reinsurance demand to increase: Willis Towers Watson
   The use of longevity hedging instruments, such as swaps and reinsurance, is expected to grow in 2016, with longevity risk increasingly on the agenda for pension funds, while reinsurer appetite for assuming longevity risks remains strong, according to Willis Towers Watson.

2. Lottoland collateralised ILS pays out on €14m jackpot win
   A €14m lottery jackpot win has resulted in a payout from the collateralised reinsurance based ILS transaction, according to sponsor the Lottoland Group, a fast-growing Gibraltar licensed online lottery provider.

3. Argentinian trio developing climate index futures for agriculture
   Three Argentinian enterprises have joined forces to develop climate index futures to help agricultural producers to better protect themselves against the impacts of severe or inclement weather, with drought the first targeted product launch.

4. Reinsurance is “extremely efficient” capital at current prices: JLT CEO
   The fact that reinsurance represents an “extremely efficient form of capital” at current pricing levels is expected to result in an increase in demand from cedents, according to Jardine Lloyd Thompson (JLT) CEO Dominic Burke.

5. ILW broker Stefano Nicolini leaves BMS for Beach & Associates
   Industry loss warranty (ILW) focused reinsurance broker Stefano Nicolini has left BMS Group, after almost six years with the firm, and moved to independent reinsurance intermediary Beach & Associates.

6. AIG in two-year casualty reinsurance deal with Swiss Re
   Primary insurance firm AIG has begun its increased use of reinsurance, a strategic goal it outlined in a recent performance enhancement plan, with a just-announced two-year casualty reinsurance deal with global player Swiss Re.

7. MS Amlin underwrites 61% more premium for Leadenhall funds in 2015
   Re/insurance group MS Amlin plc has reported a considerable increase in the premiums it underwrites on behalf of specialist insurance and reinsurance linked investment manager Leadenhall Capital Partners LLP, with £34.9 million underwritten for Leadenhall ILS funds in 2015.

8. TWIA to reset Alamo Re cat bonds to fit with 2016 reinsurance program
   The Texas Windstorm Insurance Association (TWIA), the residual market or last-resort property insurer for Texas, is planning to reset its Alamo Re catastrophe bonds to fit within its 2016 program, as it plans an increase in its reinsurance retention.

9. Pool Re: No ILS or collateralised terror retro yet, but open to it
   Pool Re, the UK’s government backed mutual terrorism reinsurer, has not yet included any ILS fund capacity or collateralised reinsurance within its retrocession program, which grew to £1.95 billion this year, but told Artemis that it remains open to including capital markets coverage in future.

10. Aggregate ILS deals need improved loss information disclosure: SIFMA speakers
    Investors in the insurance-linked securities (ILS) space would benefit from improved, and more timely, disclosure of loss information relating to aggregate reinsurance transactions, according to speakers at SIFMA.

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 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.

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Artemis’ Q4 2015 Catastrophe Bond & ILS Market Report – Outright market growth continues

We’ve now published our Q4 2015 catastrophe bond & ILS market report.

This report reviews the catastrophe bond and insurance-linked securities (ILS) market at the end of the fourth-quarter of 2015, looking at the $1.525 billion of new risk capital issued and the composition of the cat bond & ILS transactions completed during Q4 2015. The report also includes a review of the full year 2015 issuance and commentary from co-editor GC Securities.

Download your copy here.