Best of Artemis, week ending 14th June 2020

Here are the ten most popular news articles, week ending 14th June 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.

Ten most read articles on Artemis.bm, week ending 14th June 2020:

1. Enstar gets $610m Starstone U.S. PE backing, Noonan & Consolino to lead
   Enstar is pushing back into U.S. property and casualty markets, with a focus on excess & surplus (E&S) business, thanks to a successful $610 million recapitalisation of Starstone U.S. from private equity giants including Dragoneer, SkyKnight and Aquiline.
2. Paschal Brooks named CEO of AlphaCat by AIG
   American International Group, Inc., the global insurance and reinsurance giant, has officially named Paschal Brooks as the new CEO of its insurance-linked securities (ILS) investments unit, AlphaCat Capital Inc.
3. Lockton Re takes Bob Bissett from Aon for retro / D&F role
   Independent insurance broking giant Lockton continues to make new key hires for a growing retrocessional reinsurance practice, with its Lockton Re division having now added another senior appointment in Bob Bissett from Aon.
4. Lemonade files to go public and reveals Nephila as reinsurer
   Lemonade, Inc., one of the highest profile insurtech start-ups that had been funded by Softbank among others, has filed an initial public offering (IPO) registration statement in which it has also revealed that one of its reinsurers is the largest ILS fund manager in the world Nephila Capital.
5. Walking a capital raising tightrope between glory & rate pressure
   Capital top-ups, recapitalisation and fresh start-up capitalisation efforts are accelerating in insurance and reinsurance markets, as founders and investors look to make the most of the firming to hardening rate environment that is being seen widely across the sector.
6. Hurricane landfall risks less elevated than activity in 2020: Twelve Capital
   During the 2020 Atlantic tropical storm and hurricane season two regions to watch for above average levels of storm activity are the tropical Atlantic’s main development region (MDR) and the Gulf region, according to ILS investment manager Twelve Capital.
7. Reinsurers need rate firming into 2021 to support RoE’s: Morgan Stanley
   Another set of industry analysts is calling for the current upwards trend in reinsurance pricing to continue into 2021, as reinsurers are otherwise looking at continued underperformance as a sector and higher rates will help support their returns on equity (RoE’s).
8. ILS should play a role in pandemic backstop solutions: Survey respondents
   Insurance-linked securities (ILS) and capital markets backed sources of insurance or reinsurance capacity should play a role in any government or industry supported pandemic risk pooling facility or backstop, respondents to our latest survey said.
9. Cat bonds & ILW’s to benefit in any post-Covid-19 ILS market expansion: S&P
   More predictable and transparent insurance-linked securities (ILS) structures, offering less ambiguous coverage, may be the immediate winners after the Covid-19 pandemic crisis, with catastrophe bonds and industry loss warranty (ILW) contracts an area set to receive increasing investor focus, according to S&P.
10. Hurricane Irma claims paid data reaches $17.44bn in Florida
    Finally, the Florida Office of Insurance Regulation (FLOIR) has updated its published data on claims paid by the insurance market due to 2017’s hurricane Irma, with the total jumping significantly to just over $17.44 billion.

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 31 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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