Best of Artemis, week ending 17th January 2021

Here are the ten most popular news articles, week ending 17th January 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.

Ten most read articles on Artemis.bm, week ending 17th January 2021:

1. Top ILS manager assets increased through H2 2020
   As a group, the assets under management of the top-tier of insurance-linked securities (ILS) investment fund managers had increased through the second-half of 2020, Artemis’ data shows.
2. UK court substantially upholds pandemic business interruption judgement
   The UK Supreme Court has found largely in favour of insurance policyholders in the Financial Conduct Authority’s (FCA)’s business interruption insurance test case appeals.
3. Hudson Structured Capital Management hires Adrian Jones from SCOR
   Hudson Structured Capital Management Ltd., the insurance-linked securities (ILS), reinsurance- and transportation- focused investment manager, has announced a key hire as Adrian Jones, formerly of SCOR, joins the firm.
4. “Not a classic hard market” so rate momentum should persist (for a time)
   The current firming of reinsurance is perceived as “not a classic hard market” by analysts at Peel Hunt, who after meeting with underwriters from the Lloyd’s market concluded that rate momentum should persist through 2021.
5. Elementum hires Todor Todorov for Business Development & Investor Relations role
   Elementum Advisors, LLC, the insurance-linked securities (ILS) fund management and collateralised reinsurance underwriter, has announced the hiring of Todor Todorov, who most recently worked at Willis Towers Watson in its Investment Manager Research team.
6. Howden Group blurs lines, sets up capacity vehicle, taps third-party capital
   Howden Group, the insurance and reinsurance group with both broking and underwriting at its heart, continues to blur lines, with its latest initiative being the establishment of a capacity vehicle that has third-party capital backing from an investor and will channel reinsurance underwriting capital to its DUAL MGA group.
7. Lloyd’s ILS vehicle London Bridge Risk PCC approved for use
   Lloyd’s has announced that it has finally received all necessary approvals from regulators to set up its new multi Insurance Special Purpose Vehicle (mISPV), which is named London Bridge Risk PCC Ltd.
8. Capital mitigated reinsurance dislocation at 1/1, more to come on-stream: Aon
   New capital helped to mitigate the dislocation of global reinsurance markets at the key January 2021 renewal season, with ample supply to meet cedent demand, while there is an expectation that additional new capital comes on-stream early this year.
9. Clean slate makes reinsurance startups the best investment: Jefferies
   The fact new reinsurance start-ups, the so-called Class of 2020, have no legacy portfolios of risk and so are unencumbered by recent years of catastrophe losses, exposure to the COVID-19 pandemic and issues such as social inflation, makes them the best opportunity to invest in the rising reinsurance tide, according to analysts at Jefferies.
10. Conduit Re writes $160m of premium, secures own cat reinsurance program
    New reinsurance start-up Conduit Re has underwritten $160 million of premiums at the January 2021 reinsurance renewals and placed its first catastrophe reinsurance program, the company explained.

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 35 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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