Best of Artemis, week ending 19th July 2020

Here are the ten most popular news articles, week ending 19th July 2020, 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 read articles on Artemis.bm, week ending 19th July 2020:

1. Watch all of our virtual ILS conference ILS Asia 2020 on-demand now
   Our online & virtual ILS Asia 2020 conference concluded last week and now every session is available to watch on-demand at your leisure.
2. Covid-19 P&C impact equivalent to mid-sized cat loss event: Moody’s
   Moody’s Investors Service believes that the property and casualty insurance and reinsurance industry loss impact from the global Covid-19 pandemic will be somewhere in the range from $50 billion to $80 billion, which is around the middle of current estimates.
3. PGGM and Swiss Re deepen Viaduct Re sidecar relationship to $500m+
   PGGM, the Dutch pension fund administrator and investment manager that has become the largest single source of assets in the insurance-linked securities (ILS) market, has expanded and deepened its private quota share sidecar relationship with reinsurance firm Swiss Re.
4. Second wave of Covid-19 to eat into re/insurer capital: S&P
   The emergence of second waves of the Covid-19 coronavirus pandemic could create another meaningful hit to the capital bases of insurance and reinsurance companies, as both investment market volatility and insured losses will mount.
5. LGT exploring taking equity investment into reinsurer Lumen Re
   LGT ILS Partners, the specialist dedicated insurance-linked securities (ILS) investments unit of the private bank and asset manager, is considering ways to enable equity investments to be made into its rated Class 3A reinsurance underwriting vehicle Lumen Re.
6. Cat bonds to become increasingly “mainstream” investments: Houghton, Fermat
   Catastrophe bonds are likely to become an increasingly “mainstream” component of institutional investor portfolios, as the asset class comes under increasing attention having proved its value again during the volatility driven by the pandemic, according to Brett Houghton, Managing Director at Fermat Capital Management.
7. Catastrophe PML trends: Divergent risk appetites & third-party capital use
   It’s clear that strategies on underwriting catastrophe risks have diverged in the reinsurance sector, with some traditional companies filling their boots on higher rates, but others pulling back and offloading the risks to their third-party capital vehicles.
8. ILS an instrumental part of solving Asia’s protection gap: Schultz, Aon Securities
   The trend of insured against uninsured losses across the Asia Pacific region is not sustainable, and the insurance-linked securities (ILS) market will need to play an integral role in addressing the issue, according to Paul Schultz, Chief Executive Officer (CEO) of Aon Securities.
9. Aeolus appoints Aditya Dutt as President
   Aditya Dutt, the leader of RenaissanceRe’s insurance-linked securities (ILS) and third-party capital management businesses, is set to take on the role of Partner and President of Bermuda-based reinsurance and ILS focused investment fund manager, Aeolus Capital Management Ltd.
10. Liberty Mutual in $100m Limestone Re 2020-2 reinsurance sidecar issuance
    U.S. primary insurer and global re/insurer Liberty Mutual has successfully closed on another collateralised reinsurance sidecar placement for 2020, with a $100 million of notes issued by its Limestone Re Ltd. sidecar.

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 39 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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