Best of Artemis, week ending 14th April 2019

Here are the ten most popular news articles, week ending 14th April 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 14th April 2019:

1. Catastrophes hit two-year high of $219bn on secondary peril losses: Swiss Re
   Global insurance and reinsurance losses from natural catastrophes reached $76 billion in 2018, the fourth highest in reinsurance firm Swiss Re’s sigma records.
2. ILS Asia 2019 speakers: Lane Financial, Securis, GC Securities, Rajah & Tann
   Today we’re delighted to announce the first wave of speakers who will be joining us at ILS Asia 2019, our fourth conference in Singapore. Tickets are available now for this insurance-linked securities (ILS) conference.
3. ILW prices rise for Florida wind triggers as renewal approaches
   Indicative pricing for certain types of industry-loss warranty (ILW) backed retrocessional reinsurance protection has been on the rise, with Florida wind and as a result U.S. all natural perils seeing the largest increases of in advance of the mid-year renewals.
4. Lower cats, higher attrition, man-made losses & creep to dent Q1: Goldman Sachs
   Even though large catastrophe losses were under the long-term average for the first-quarter, there is a chance that insurance and reinsurance firms have their Q1 results dented anyway, due to an expectation of higher attritional weather claims, impacts from a number of man-made loss events and ongoing loss creep.
5. ILW payouts on the cards after typhoon Jebi loss estimate rises
   Typhoon Jebi has already become the loss creep story of 2019 so far, but it’s set to become an even higher profile case as a rising industry loss estimate for the storm means it’s now expected that a number of industry loss warranty (ILW) contracts will payout.
6. CFAN forecasts 7 Atlantic hurricanes for 2019, predicts El Niño to weaken
   The 2019 Atlantic hurricane season could see as many as 7 hurricanes according to forecaster Climate Forecast Applications Network (CFAN), who expects that El Niño conditions will weaken and could transition to ENSO neutral by peak hurricane season this year.
7. Rising typhoon Jebi loss sees Akibare 2016-1 cat bond price plummet
   Increasing industry and cedant loss expectations for typhoon Jebi have resulted in another over 50% decline in secondary pricing for the Mitsui Sumitomo Insurance sponsored $200 million catastrophe bond Akibare Re Ltd. (Series 2016-1).
8. Loss creep again most important ILS fund return factor in February
   Insurance-linked securities (ILS) and reinsurance linked investment funds were once again hit by loss creep in February 2019, causing the group to fall to an average return of -0.05% for the month.
9. Cat bond rates at highest since 2012/13 = good time to allocate: Lane Financial
   Catastrophe bond and insurance-linked securities (ILS) premium rates can now be considered to be in a hard market, making now a good time to invest in the asset class, according to analysis from ILS focused consultancy Lane Financial LLC.
10. CCR’s reinsurance sidecar could pave way for more ILS in Paris, France
    The announcement that the first French domiciled collateralised reinsurance sidecar vehicle has been successfully structured, capitalised by investors and launched has captured the imagination of some in the insurance-linked securities (ILS) sector.

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 28 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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