Best of Artemis, week ending 18th June 2017

Here are the ten most popular news articles, week ending 18th June 2017, 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.

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Ten most viewed articles on Artemis.bm, week ending 18th June 2017:

1. Weather risk market “ripe with opportunity” says Nephila’s Oduntan
   The weather risk transfer space remains in its infancy but conditions are similar to that seen in the catastrophe market pre-2005, suggesting ample opportunity for innovation and expansion, according to Richard Oduntan, a Portfolio Manager at Nephila Capital, the world’s largest reinsurance-linked investment manager.

2. Record-breaking cat bond year to hit catastrophe risk pricing: RBC
   Following a spike in global catastrophe bond and insurance-linked securities (ILS) activity so far in 2017, analysts at RBC Capital Markets expect it could be a record-breaking year  and believe this is likely to impact pricing for well modelled catastrophe exposures.

3. Opportunity set for ILS never better, tech will revolutionise: Procter, Securis
   When discussing the health of the insurance-linked securities (ILS) sector too often the state of the reinsurance market is the bellweather, but Rob Procter, CEO of ILS investment specialists Securis Investment Partners LLP, believes that the future has never looked brighter.

4. Leadenhall backs InsurTech focused “insurance challenger” Gryphon
   Specialist insurance and reinsurance linked investment manager Leadenhall Capital Partners has invested in the launch of what is being called an “insurance challenger” start-up, a new initiative to launch an insurer that will leverage InsurTech and a fresh approach to protect more UK families.

5. Parametric risk transfer could help fund losses caused by AOB abuses
   Florida has been facing an insurance claims abuse epidemic, more widely known as the assignment of benefits (AOB) issue which has driven up claims totals and means reinsurance and ILS players could face outsized impacts from smaller storms in the state.

6. Generali seeks EUR200m Lion II Re cat bond, includes Euro flood risk
   Another new catastrophe bond has come to market, this time with the third visit to the cat bond market in recent years from Italian and global insurance giant Assicurazioni Generali S.p.A. with a EUR 200 million Lion II Re DAC transaction, as it seeks reinsurance protection against European perils including flood risks.

7. ILS can be a socially & environmentally responsible investment: Experts
   The argument for responsible investment (RI) in insurance-linked securities (ILS) can be seen in both society, with the benefits of insurance protection, and environmental benefits, such as building financial resilience to climate change, argue ILS market experts as part of a recent roundtable discussion.

8. Take-up rate of Nephila backed facility Alternus, “fantastic” – Doyle, Marsh
   Recently launched commercial property insurance facility Alternus, which is backed by Nephila Capital, underwritten by the Schinnerer Group and brokered by Marsh, already boasts a “fantastic” take-up rate, according to John Doyle, President, Marsh.

9. Spectrum Capital cat bond upsized to $430m for Tokio Millennium Re
   The first full catastrophe bond issuance from Tokio Millennium Re (Bermuda) has increased in size by 72% while marketing, with the now $430 million Spectrum Capital Ltd. (Series 2017-1) cat bond set to secure an enlarged layer of reinsurance protection for the firm, with pricing now fixed at attractive levels.

10. $65.1m Market Re 2017-1 cat bond placed by Jardine Lloyd Thompson Capital Markets
    Jardine Lloyd Thompson Capital Markets (JLTCM), the investment banking and ILS structuring & issuance team of the reinsurance brokerage JLT Re, has successfully structured and placed another private catastrophe bond transaction, a $65.1 million Market Re Ltd. (Series 2017-1) transaction for a Florida sponsor.

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 24 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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