Best of Artemis, week ending 18th July 2021

Here are the ten most popular news articles, week ending 18th July 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 18th July 2021:

1. RMS sale on the cards as owner cites “possible disposal”
   One of the insurance and reinsurance market’s leading catastrophe risk modelling firms, RMS, is being offered for sale by its owner DMGT.
2. Aon offers to sell more WTW interests to appease New Zealand regulator
   Insurance and reinsurance broking giant Aon has proposed to divest further units, assets and also clients of its acquisition target Willis Towers Watson (WTW) to the New Zealand Commerce Commission.
3. Ongoing European flood event to drive industry losses in the billions
   Severe flooding across a number of countries in Europe looks set to become one of the most expensive flood episodes on record, with the insurance and reinsurance industry expecting billion Euro industry losses.
4. Clarity for ILS on Covid-related BI could take two more years: End-investors
   The unexpected nature of Covid-19 related business interruption (BI) losses is troubling for the market, and it could be another two years before the insurance-linked securities (ILS) industry fully understands the impact, according to leading ILS investors.
5. AGILE Risk Partners completes first two D&F ILS transactions
   AGILE Risk Partners, the specialist technology-focused direct & facultative (D&F) property risk underwriting start-up with an eye on the capital markets for capacity, has now told us it has completed its first two D&F insurance-linked securities (ILS) transactions.
6. AXIS names Chris Caponigro as Global Head of rebranded AXIS ILS
   Bermuda-based insurer and reinsurer, AXIS Capital Holdings Limited, has hired Chris Caponigro to serve as the Global Head of AXIS ILS, the company’s rebranded third party capital unit.
7. Global Atlantic uses Ivy Re sidecar in $4.8bn AXA China life reinsurance deal
   United States based life, retirement and annuities insurance and reinsurance company Global Atlantic Financial Group is expanding its reach, with its first closed life block reinsurance deal outside the US, in which it has again put third-party capital from its Ivy Re sidecar-like structure to work.
8. MS Amlin sees Phoenix 1 Re sidecar as core to Asia strategy: ILS Asia 2021
   Re/insurer MS Amlin intends to renew its novel Phoenix 1 Re reinsurance sidecar and expects the vehicle to become an important component of its strategy in the Asia region, according to William Ho, Chief Executive Officer (CEO) of MS Amlin Asia Pacific, and Head of Reinsurance for Asia, MS Amlin.
9. Swiss Re’s Vita Capital mortality bond settles at $120m, priced on target
   Swiss Re has successfully upsized its new Vita Capital VI Limited (Series 2021-1) mortality catastrophe bond transaction to $120 million, just below its revised upper-end target for the deal.
10. Public market status can add cat bond transparency & efficiency: Lane at ILS Asia 2021
    Were the U.S. Securities and Exchange Commission (SEC) to recognise the maturity of the catastrophe bond marketplace and consider it a public market, it would help both the efficiency and transparency of this part of the insurance-linked securities (ILS) industry, according to Morton Lane.

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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