Best of Artemis, week ending 14th January 2018

Here are the ten most popular news articles, week ending 14th January 2018, 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 14th January 2018:

1. New capital to have long-term consequences for market structure: Aon
   Price rises seen at the January reinsurance renewals could be short-lived, according to reinsurance broker Aon Benfield, who says that the weight of capital entering the market will dampen rate increases at future renewals, something it believes, “may have long-term consequences for the structure of the reinsurance market.”

2. Securis grows its ILS assets under management to $6.2bn
   Securis Investment Partners, the London-headquartered insurance-linked securities (ILS) and reinsurance-linked investments manager, has significantly increased its ILS assets under management to $6.2 billion as of the start of the year, a 35% uplift in just six months.

3. Lombard Odier the investor behind blockchain cat bond trade
   Asset manager Lombard Odier was one of the investors that participated in the first blockchain based secondary trade of catastrophe bond notes, as the firm’s ILS investment team purchased a chunk of the near $15 million Dom Re IC Limited 2017 private cat bond.

4. Hudson Structured raises capital for main & post-event ILS strategies
   Hudson Structured Capital Management Ltd., the insurance-linked securities (ILS), reinsurance and transportation investment manager, has raised new capital for both its main ILS strategy and a structure established to take advantage of the post-catastrophe loss environment, lifting its ILS and reinsurance assets under management in the process to around $550 million.

5. Argo extends $65m Loma Re Class C notes, allows others to mature
   Insurance and reinsurance firm Argo Group has extended maturity of the $65 million Class C tranche of notes from its Loma Reinsurance (Bermuda) Ltd. (Series 2013-1) multi-peril catastrophe bond to allow for losses to be finalised, but has allowed the other two tranches to mature showing that they are safe from losses now.

6. Berkshire Hathway succession plan takes shape, Jain gets board seat
   Warren Buffett’s conglomerate business Berkshire Hathaway is beginning to put a succession plan in place for when he and Charlie Munger retire and the firm’s re/insurance leader Ajit Jain has been promoted to the Board of Directors in a new role as Vice Chairman of the Insurance division.

7. Langhorne Re launched as life & annuity reinsurer by RenRe & RGA
   Specialist reinsurer and third-party capital manager Renaissance Re (RenRe) and life focused reinsurer Reinsurance Group of America (RGA) have teamed up to launch a third-party capital backed life and annuity reinsurance start-up named Langhorne Re.

8. FEMA secures 40% more NFIP flood reinsurance in $1.46bn renewal
   The U.S. Federal Emergency Management Agency (FEMA) has secured a 2018 flood reinsurance program, increasing the amount of coverage for the National Flood Insurance Program (NFIP) by 40% to $1.46 billion of protection, secured from a panel of 28 private market reinsurers.

9. Viribus Re reinsurance sidecar launched at $60m+ by MS Amlin
   Specialist global insurance and reinsurance firm MS Amlin is the latest to announce the launch of a collateralised reinsurance sidecar vehicle for 2018, announcing a $60 million plus vehicle named Viribus Re Ltd, which will provide collateralised reinsurance support to its Lloyd’s syndicate.

10. Colombia set for quake catastrophe bond within weeks: Finance Minister
    The first catastrophe bond covering earthquake risks in Colombia is expected to be launched within a matter of weeks, according to the country’s Minister of Finance and Public Credit, as the country looks to capital market sources to improve its disaster risk transfer and financing.

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 24 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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