Best of Artemis, week ending 13th September 2020

Here are the ten most popular news articles, week ending 13th September 2020, 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 read articles on Artemis.bm, week ending 13th September 2020:

1. P&C reinsurance buyers expect to pay at least 5% more at 2021 renewals
   According to a survey of property and casualty reinsurance buyers undertaken by rating agency Moody’s Investors Service, the consensus is that pricing will rise by at least 5% at the 2021 renewals, making their coverage more expensive.
2. Trapped capital an unknown, but favourable trends to persist: Artemis Live
   Positive rate momentum and the re-examining of terms and conditions (T&Cs) is expected to continue at the key January 2021 reinsurance renewals and beyond, while ongoing uncertainty surrounding another year of trapped capital will have an influence, according to industry experts.
3. ILS capital influx beginning, expected to persist: Swiss Re’s Rüede
   Global reinsurer Swiss Re, which has been expanding its alternative reinsurance capital strategies in recent years, is seeing the “beginning of an influx” of capital into insurance-linked securities (ILS), something it believes will continued, Philipp Rüede, Head of the firms Alternative Capital Partners unit told us.
4. Lloyd’s expects to pay $6.5bn of COVID-19 claims
   Lloyd’s of London expects that it and its members will pay around $6.5 billion of gross claims from the COVID-19 pandemic, with around 40% of the total expected to be covered by reinsurance.
5. Munich Re hopes COVID won’t dent investor appetite for its retro: Blunck
   The issue of challenges in raising capital for insurance-linked securities (ILS) strategies in the wake of the COVID-19 pandemic was discussed today and global reinsurance firm Munich Re hopes that ILS investor risk appetites aren’t impacted significantly.
6. Megan Thomas of AXIS named as new Hamilton Re CEO
   Hamilton Re, the reinsurance focused operations of Hamilton Insurance Group, has named Megan Thomas from AXIS as its new Chief Executive Officer (CEO).
7. Descartes raises $18.5m Series A to scale up parametric insurance
   Descartes Underwriting, the insurance technology (insurtech) focused managing general agency (MGA) that specialises in parametric and data-driven risk transfer products, has raised Series A capital from leading investment firms to help it to scale up the parametric insurance space.
8. Reinsurance sector won’t earn its cost of capital in 2020: S&P
   Having struggled with sector results over the last three years, the global reinsurance sector is going to fail to earn its cost of capital in 2020, according to rating agency Standard & Poor’s.
9. Lloyd’s won’t be a capital free-for-all. iSPV plan approved at Council
   The Lloyd’s insurance and reinsurance market won’t be a free-for-all for capital once new ILS plans are in place, rather it hopes to level the playing field for different types of investors to access returns from the market.
10. Guy Carpenter appoints Marsh’s Dean Klisura as President
    Reinsurance brokerage Guy Carpenter, part of the Marsh & McLennan group of companies, has appointed long-time Marsh insurance broking senior executive Dean Klisura as its new President.

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 41 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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