Best of Artemis, week ending 16th May 2021

Here are the ten most popular news articles, week ending 16th May 2021, 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 16th May 2021:

1. Aon & WTW agree $3.57bn sale of assets to Gallagher, including Willis Re
   Broking giants Aon and Willis Towers Watson (WTW) are one step closer to completing their planned merger, announcing the agreement of a sale of assets to rival Gallagher in a package valued at $3.57 billion and including reinsurance broking arm Willis Re.
2. Abu Dhabi Investment Authority exploring reinsurance market entry
   The Abu Dhabi Investment Authority (ADIA), a sovereign wealth investment fund owned by the Emirate of Abu Dhabi and tasked with investing funds on behalf of the Government of the Emirate, is looking to expand its activities in reinsurance with its own carrier and also insurance-linked securities (ILS), we’re told.
3. WTW assets to expand Gallagher reinsurance value proposition: CEO
   The Willis Towers Watson (WTW) reinsurance related assets that Arthur J. Gallager (AJG) is purchasing are set to significantly expand the brokerages global reinsurance value proposition, CEO Pat Gallagher has said.
4. Leadenhall backed Nectaris Re reinsurance platform gets ‘A’ rating
   Leadenhall Capital Partners LLP, the London headquartered specialist insurance linked securities (ILS) and reinsurance related investments manager, is backing a new rated reinsurance underwriting platform in Bermuda, with a Class 3A reinsurer Nectaris Re Ltd.
5. Florida Citizens aims to near double new cat bond to $950m in size
   Citizens Property Insurance Corporationis set to significantly increase the amount of capital market backed reinsurance it has in-force from catastrophe bonds.
6. Florida reinsurance renewal terms key, as rate expectations falter
   The upcoming June 1st reinsurance renewals in Florida are still expected to see broad rate increases of between 5% to 15%, according to our sources, but this is lower than where expectations had been sitting a few months ago.
7. Swiss Re backs £3.7bn longevity swap deal for Fujitsu pension scheme
   Global reinsurance giant Swiss Re has provided capacity to support a UK £3.7 billion longevity swap deal that uses a cell structure to intermediate the risk transfer for the ICL Group Pension Plan, one of the pension schemes of Fujitsu in the UK.
8. St. Johns Insurance enters cat bond market with $100m Putnam Re
   A new sponsor is coming to the catastrophe bond market in St. Johns Insurance Company, a Florida and South Carolina focused homeowners carrier that is seeking $100 million of collateralized reinsurance with a Putnam Re Pte. Ltd. (Series 2021-1) transaction.
9. Gallagher’s WTW acquisitions to include ILS specialist Willis Re Securities
   The pending acquisition of the majority of reinsurance broking unit Willis Re by Arthur J. Gallagher & Co. (Gallagher) will include insurance-linked securities (ILS) and capital market specialist unit Willis Re Securities.
10. Cat bond to narrow Jamaica’s natural disaster financing gap: World Bank
    Work continues on the first catastrophe bond for Jamaica and the World Bank has highlighted how the soon to be launched transaction will help to narrow the Caribbean nations natural disaster financing gap.

This is not every article published on Artemis during the last week, just the most popular among our readers over the last seven days. There were 34 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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