Best of Artemis, week ending 19th May 2019

Here are the ten most popular news articles, week ending 19th May 2019, 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.

Register today to attend our next ILS conference in Singapore, ILS Asia 2019, before Early Bird tickets sell out!

Ten most viewed articles on Artemis.bm, week ending 19th May 2019:

1. AXA’s parametric unit rebrands to AXA Climate, adds new hires
   Global insurance and reinsurance company AXA has rebranded its specialist parametric risk transfer unit to AXA Climate and has also strengthened its team with new hires.
2. 20 years of Artemis, over $111bn of catastrophe bonds & ILS recorded
   Artemis is 20 years old as of last week. On the 12th of May 1999 Artemis was launched to an audience of reinsurance and capital market investment executives in Bermuda.
3. Florida set for “meaningful price correction” at renewal: Zaffino, AIG
   The upcoming Florida reinsurance renewals on June 1st are set to be challenging and late. Quoting has been slow to start, while both cedants and capacity try to gauge market dynamics, but the expectation remains that prices are certainly set to rise.
4. Seaview Re start-up to add capital efficiency for AXA XL
   A new reinsurance vehicle launched by AXA XL is set to add capital efficiency to the company, as a type of internal reinsurance vehicle that will take certain segments of U.S. risk off its main balance-sheet and likely lower reinsurance or retrocession costs as a result.
5. Balance of power shifts to reinsurance sellers in Florida: RenRe CEO O’Donnell
   The impact of recent hurricane losses and their outsized loss creep, as well as market dynamics of supply and demand, have all served to shift the balance of power from reinsurance buyers to reinsurance sellers at this June renewal in Florida, Kevin O’Donnell CEO of RenaissanceRe explained recently.
6. Vermeer Re off to strong start, writes 40 transactions in Q1: RenRe CEO
   Vermeer Reinsurance Ltd., the latest joint-venture vehicle from RenaissanceRe that is backed by Dutch pension fund manager and significant ILS investor PGGM, has got off to a strong start at the beginning of 2019.
7. Security First prices $100m First Coast Re II Pte cat bond in Singapore
   Florida based primary insurer Security First Insurance Company is set to be the beneficiary of the first full 144A catastrophe bond to be issued in Singapore, as a $100 million First Coast Re II Pte. Ltd. (Series 2019-1) transaction has now been priced and is set for completion.
8. RMS launches new Risk Intelligence platform & sunsets RMS(One)
   Catastrophe risk modelling specialist RMS has announced the launch of a new strategic risk modelling and risk management platform named Risk Intelligence, as it also announced that it would be sunsetting its beleaguered RMS(One) product.
9. Pompano Re Ltd. special purpose insurer registered by Safepoint
   It appears that Florida and southern U.S. primary insurer Safepoint is going to expand its use of efficient and collateralized reinsurance capital, with Pompano Re Ltd., a new special purpose insurer (SPI), having been registered by the firm.
10. Pacific Alliance explores cat bonds for climate related risks
    The four Pacific Alliance countries, Chile, Colombia, Mexico and Peru, are beginning the work alongside the World Bank to identify potential solutions to help them transfer climate related natural disaster risks, including identifying whether further catastrophe bonds would be suitable.

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 33 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.

Get listed in our MarketView directory of professionals.

View the current breakdown of the ILS market in our range of charts, allowing you to analyse cat bond issuance.

Check out the assets under management of the ILS fund market with our ILS investment manager directory.