Here are the ten most popular news articles, week ending 15th December 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 read articles on Artemis.bm, week ending 15th December 2019:
- How much does it cost to secure a future for Lloyd’s? £300m+ it seems
How much does it cost to strategise, design and implement a healthy and sustainable future for the Lloyd’s of London insurance and reinsurance market? UK £300 million, at least, it seems.
- Tremor brings $600m of capacity to place Berkley property cat renewal
Tremor Technologies Inc., the programmatic insurance and reinsurance risk transfer marketplace provider, has successfully brought $600 million of capacity to, priced and placed the property catastrophe reinsurance program renewal of carrier W. R. Berkley Corporation.
- Berkshire Hathaway returns to write retrocession as renewal nears
As the retrocessional reinsurance market deals with a crunch of capacity, trapped collateral from ILS players and the disappearance of a core product from the market, some traditional players are returning and increasing their appetites, including Berkshire Hathaway, we can report.
- Reinsurers glory days are over, as dependence on ILS increases: A.M. Best
Global reinsurance market conditions are said to be improving by rating agency A.M. Best, who maintains a stable outlook on the sector, but sees traditional reinsurance capital becoming increasingly dependent on third-party sources of capacity and ILS.
- Lodgepine Reinsurance the first Bermuda “Collateralized Insurer”
Lodgepine Capital Management Limited, the retrocessional reinsurance ILS fund management unit of Markel Corporation, has become the first to register a vehicle under Bermuda’s recently established “Collateralized Insurer” class of company.
- AIG says typhoon Hagibis claims count lower than expected (so far)
The leadership of insurance giant American International Group (AIG) has provided the market with a little insight into how it it sees the claims situation with typhoon Hagibis at this point in time.
- Brit’s new Lloyd’s ILS fund is in Bermuda & will feature longer-tailed risks
Demonstrating how challenging it can be to bring third-party capital into the Lloyd’s insurance and reinsurance market, Brit’s newly launched insurance-linked securities (ILS) fund strategy takes a roundabout route to connect the capacity with the returns of its underwriting in the market.
- PG&E reaches $13.5bn wildfire settlement. Subrogation payouts closer?
Pacific Gas and Electricity (PG&E), the wildfire liability California focused electrical utility company, has now agreed the last of its major settlements with wildfire claimants, with a $13.5 billion agreement with individuals removing another hurdle that has stalled subrogation payments from making their way to beneficiaries.
- Global Parametrics gets Hannover Re backing for new risk transfer fund
Global Parametrics, the parametric and index-based disaster risk transfer company, has launched a new natural catastrophe focused investment fund that has received backing from global reinsurance firm Hannover Re and the German government.
- Leadenhall invests in health insurer Friday Health Plans
Leadenhall Capital Partners LLP, the London headquartered specialist insurance linked securities (ILS) and reinsurance related investments manager, has participated in a funding round for a health insurance start-up in Colorado named Friday Health Plans.
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 29 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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