Best of Artemis, week ending 18th February 2018

Here are the ten most popular news articles, week ending 18th February 2018, 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.

Ten most viewed articles on Artemis.bm, week ending 18th February 2018:

1. Swiss Re / SoftBank, XL / Allianz – scale, relevance & transformation
   Two very interesting (in their own ways) insurance and reinsurance deal rumours were revealed last night, as news broke that Japanese technology conglomerate SoftBank is considering taking a large stake in Swiss Re, and that Allianz is looking at a deal with Bermudian giant XL Group.

2. AIG to be a predictable buyer of reinsurance: Duperreault
   Insurance giant American International Group (AIG) will aim to be a “predictable buyer of reinsurance” going forwards, according to CEO Brian Duperreault, as it looks to reduce its exposure to frequency catastrophe events and better manager its overall natural catastrophe exposure, particularly in the U.S.

3. Reinsurance evolution ongoing. Capital market’s role key: A.M. Best
   The evolution of global reinsurance continues with the capital markets and insurance-linked securities (ILS) playing an increasingly important role as large, resulting in a clear need for players to form larger, globally diversified re/insurers and leverage alternative capital, according to A.M. Best.

4. Solidum completes second blockchain catastrophe bond issue
   Insurance and reinsurance linked investment specialists Solidum Partners has created, issued and settled a second private catastrophe bond on the blockchain, with a roughly $15 million multi-tranche transaction which we’ve added to our Deal Directory as Jungfrau IC Limited 2018.

5. Casualty linked securities gain traction for MultiStrat
   MultiStrat continues to close new casualty linked securities (CLS) transactions, with another deal announced this week taking the total capital invested in these unique casualty ILS deals to $60 million, covering estimated premiums of $230 million.

6. Disaster risk transfer is critical to protect development gains: World Bank
   The World Bank sees the ability of its Treasury to mobilise fixed income capital to fund sustainability as a key piece of its mandate, with disaster risk transfer, in the form of catastrophe bonds, insurance and weather risk trades, seen as important tools to protect against the erosion of specific countries development gains.

7. Kinesis grows limit deployed by 30% at renewals: Maloney
   The improved rate environment meant that specialty insurance and reinsurance player Lancashire Holdings took the opportunity to increase the amount of limit sold by third-party capital vehicle Kinesis Capital Management by roughly 30% at the renewals, according to CEO Alex Maloney.

8. Brit’s Sussex Capital raised $102.5m for collateralised reinsurance in 2018
   Global specialty insurance and reinsurance company Brit Ltd’s new open-ended collateralised reinsurance fund vehicle raised $102.5 million from investors for the 2018 underwriting year, which the firm called “the next step in Brit’s strategy to build long term relationships with the capital markets.”

9. MyLotto24 sponsors more flexible Hoplon III ILS transaction
   Lottery company MyLotto24 has leveraged the capital markets as a source of jackpot insurance and reinsurance again, with a new Hoplon III Insurance Ltd. transaction that again leverages both catastrophe bond and collateralized reinsurance technology in a structure that is more flexible for the company.

10. Abundant capital mutes property insurance market firming: Willis Towers Watson
    The abundant availability of risk transfer, insurance and reinsurance capacity, from both traditional and alternative sources, has muted the firming of the property insurance market, according to brokerage Willis Towers Watson.

This is by no means every article published on Artemis during the last week, just the most popular, some of which were published over a week ago. There were 28 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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