Best of Artemis, week ending 18th August 2019

Here are the ten most popular news articles, week ending 18th August 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 18th August 2019:

1. PIMCO sees Allianz relationship as key to ILS potential
   As PIMCO (Pacific Investment Management Company LLC) ramps up its new insurance-linked securities (ILS) operations, its executives have highlighted that the relationship with parent company, insurance giant Allianz, is both a key differentiator and key to its ILS potential.
2. Lekima the second most costly China typhoon as estimate hits $7.4bn
   Typhoon Lekima is without doubt set to become one of the most expensive natural disaster events to strike China in recent years, with the latest economic damage estimate of approximately US $7.4 billion placing the storm as the second most expensive typhoon to hit China ever.
3. HSBC longevity swap a “pivotal moment” for market: Kessler, Prudential
   The £7 billion longevity swap and reinsurance transaction that Prudential Financial, Inc. completed recently for the HSBC Bank UK pension scheme is the second largest such arrangement in longevity risk transfer market history.
4. The cat bond market is attractive, again: SCOR’s Fabrice Rossary
   The impacts of 2017 and 2018 catastrophe events on the insurance-linked securities (ILS) market has altered the dynamics of the space, and while volatility with loss estimates needs to be addressed, the attractive risk-adjusted returns on offer highlights the benefits of a structural allocation to the space.
5. Arch acquiring tech & third-party capital focused MGU Ventus
   Arch Insurance North America, a division of insurance and reinsurance specialist Arch Capital Group, has announced that it will acquire the technology and third-party capital focused managing general underwriter Ventus Risk Management.
6. Expect more re/insurance & ILS convergence through M&A: S&P
   Mergers and acquisitions (M&A) activity is expected to continue driving greater convergence of traditional insurance and reinsurance with the insurance-linked securities (ILS) market, S&P Global Ratings expects.
7. MyLotto24’s Hoplon ILS to take EUR4.8m loss after jackpot win
   Following an EUR 26.3 million jackpot prize won by one of its customers in a secondary lottery draw, lottery company MyLotto24 is set to benefit from the jackpot protection it has in place through its Hoplon III Insurance Ltd. insurance-linked securities (ILS) transaction.
8. Leadenhall’s Adolph moves to Bermuda. Flood hired in London
   Leadenhall Capital Partners LLP, the London headquartered insurance and reinsurance linked investment manager, said that its Managing Partner and Non-Life Portfolio Manager Ben Adolph is to move to the firm’s Bermuda office.
9. Climate risk data needs linking to insurance & risk-transfer process
   Climate risk data should be linked to the insurance, reinsurance and risk transfer process through the use of technology and risk models, placing it and financial products at the heart of climate adaptation and resilience efforts.
10. California wildfire reinsurance may rise 30%-70% as market smarts from losses: S&P
    Rates for renewals of California wildfire exposed reinsurance programs or coverage could see increases of as high as 30% to 70%, as both traditional and alternative markets smart after two heavy loss years, according to S&P Global Ratings.

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 32 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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