Best of Artemis, week ending 1st December 2019

Here are the ten most popular news articles, week ending 1st December 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 updatesor get our email alerts for every article we publish.

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Ten most read articles on Artemis.bm, week ending 1st December 2019:

1. True hard markets rare, fleeting & unlikely in this phase of cycle: Fitch
   The insurance and reinsurance market is unlikely to experience what would have previously been termed a “hard market” and while continued hardening is likely, performance and capital levels will need to get much worse for a “true” hard market to be experienced, rating agency Fitch believes.
2. World Bank completes issuance of Philippines first catastrophe bond
   The World Bank has now successfully completed the issuance of the first catastrophe bond to benefit the Philippines with a source of capital markets backed disaster insurance, as the $225 million IBRD CAR 123-124 cat bond transaction listed on the Singapore Exchange (SGX) this morning.
3. Munich Re says Hagibis “very expensive” but targets still in sight
   German reinsurance giant Munich Re is expecting the cost of Japanese typhoon Hagibis to be “very expensive” for the firm, according to its CFO, but not sufficient to force it to change tack on beating its profit target for the year.
4. AXA to launch FastCat parametrics as it accelerates climate strategy
   Global insurance and reinsurance group AXA has launched a new phase in its climate strategy and has announced a new parametric risk transfer service called FastCat as part of its commitment initiatives.
5. ILS NYC 2020: World Bank & Rockefeller Foundation speakers join
   We’re delighted to announce speakers from the World Bank and Rockefeller Foundation for our next insurance-linked securities (ILS) conference in New York, Artemis ILS NYC 2020. Please register soon to secure your ticket at the best possible price.
6. Swiss Re signals growing role for alternative capital & ILS in its business
   Global reinsurance firm Swiss Re is targeting further growth and diversification within its portfolio of natural catastrophe risks, with investor-backed alternative sources of capital set to play an increasingly important and supportive role.
7. FEMA urged to use parametric triggers & ILS to drive insurance penetration
   The U.S. Federal Emergency Management Agency (FEMA) is being urged to explore the use of parametric triggers as well as insurance-linked securities (ILS) to help drive increased insurance penetration for flood and other natural hazards and enable better financed disaster recovery.
8. Sierra cat bond targets parametric quake cover for mortgage asset manager
   A particularly interesting and novel catastrophe bond transaction has been launched to the market, with the Sierra Ltd. (Series 2019-1) deal seeking $150 million of parametric U.S. earthquake protection for an investment manager that largely invests in mortgage related assets.
9. Stone Ridge Interval ILS fund down roughly 5% since typhoon Hagibis
   The share price for the interval-style mutual insurance-linked securities (ILS) fund operated by Stone Ridge Asset Management has now declined by almost 5% since the impact of typhoon Hagibis in Japan.
10. China’s agricultural disaster insurance scheme to more than double in size
    China is set to significantly expand the roll-out of an agricultural disaster insurance scheme that has been in pilot mode since 2017, as it has found the results positive in helping small and mid-sized farmers protect their incomes and recover more rapidly from weather and natural catastrophes.

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 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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