Best of Artemis, week ending 19th August 2018

Here are the ten most popular news articles, week ending 19th August 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 or get our email alerts for every article we publish.

Ten most viewed articles on Artemis.bm, week ending 19th August 2018:

1. Alternative capital rises again, hits $95bn or 16% of reinsurance: Aon
   The amount of alternative capital in the global reinsurance industry, so capital provided by insurance-linked securities (ILS) funds, investors and structures, has now reached a new high of $95 billion and as a result contributes 16% of global reinsurance capital, according to Aon.

2. Tremor opens programmatic marketplace for reinsurance risk placement
   An open, technology-driven, programmatic reinsurance risk placement marketplace has been announced as ready for business by Tremor Technologies, Inc., which the company hopes will make the placement and matching of risk with the right capital more efficient.

3. NOAA lowers 2018 Atlantic hurricane forecast, as El Nino chances rise
   The U.S. National Oceanic & Atmospheric Administration (NOAA) is the latest to reduce its forecast for the numbers of storms and hurricanes that will occur during the 2018 Atlantic hurricane season, as its Climate Prediction Center raises the likelihood of a below-normal Atlantic hurricane season to 60%.

4. Munich Re using more sidecars, less traditional retro in its de-risking
   Global reinsurance giant Munich Re has followed suit with much of the market, in electing to pass on more premiums to de-risk at a time when the improved market conditions have allowed it to grow its underwriting book on the front-end.

5. ILS has transformed reinsurance, conquered property cat: S&P
   The use of insurance-linked securities (ILS), catastrophe bonds and collateralized reinsurance has transformed the reinsurance market and conquered the property catastrophe space, according to S&P, providing companies with a lever to acquire premium growth while still managing and controlling their peak exposures.

6. Managing agents want greater use of ILS at Lloyd’s
   Unsurprisingly, managing agencies in the Lloyd’s of London insurance and reinsurance market would like to see insurance-linked securities (ILS) as a permanent fixture and efficient capital options more readily accessible.

7. More ILW’s to pay out on latest hurricane Irma industry loss increase
   A number of industry-loss warranty (ILW) contracts providing retrocessional reinsurance are set to pay out after the latest updates to third-party data providers estimates of insurance industry losses caused by last year’s hurricane Irma.

8. Japanese insurer losses from July rains & floods rise into the billions
   The losses suffered by Japanese insurance firms after the extreme rainfall and flooding in July are rising into the billions of dollars, with leading companies having reported their losses recently and claims already paid having surpassed $715 million.

9. CATCo grows at mid-year, sees collateral release, lines up 2019 already
   The increased size of Markel CATCo Investment Management Ltd.’s assets under management, to which it added another $700 million to meet mid-year demand for its retrocessional reinsurance products, has helped the firm to underwrite a 30% larger mid-year book at the same rates as its January portfolio was secured.

10. UK courting Brazil to use its framework for insurance-linked securities
    The government of the United Kingdom is continuing to encourage other countries to look towards the UK and its recently enacted insurance-linked securities (ILS) regulatory and tax framework as a potential avenue for ILS and catastrophe bond issuance, with Brazil the latest country to be courted.

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 25 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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