Best of Artemis, week ending 1st November 2020

Here are the ten most popular news articles, week ending 1st November 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 1st November 2020:

1. An “underwriting driven” hard market: Gallagher
   The current market environment is not a traditional hard market, as this is an “underwriting driven” hard market, where carriers are being forced to ensure they can deliver a profit from their underwriting sides going forwards
2. Securis launches team to search for the next ILS opportunities
   Securis Investment Partners, the London-headquartered insurance and reinsurance linked asset manager, has launched a new Insurance Solutions Group as it seeks to expand the range of insurance-linked securities (ILS) investment options available to it.
3. Two Florida carriers likely to head into receivership within days
   Sources told us that two Florida primary insurance carriers are likely to head into receivership and be deemed insolvent within a matter of days, with the regulator set to act perhaps as soon as Monday.
4. Typhoon Goni threatens partial loss for Philippines cat bond
   The Philippines government’s World Bank facilitated IBRD CAR 123-124 catastrophe bond transaction is under threat from typhoon Goni, which may cause a partial loss of principal for investors in the cat bond if it maintains significant wind speeds as it approaches Manila.
5. Hurricane Zeta impacts reach far inland, loss to “well surpass $1bn” – Aon
   Impacts and in particular wind damage from hurricane Zeta have spread far inland across the United States, bringing back memories of Isaias earlier this year.
6. Reinsurance hard market could be sustained for multiple years: Jefferies analysts
   Reinsurance pricing may remain in a hard market for multiple years, according to analysts at Jefferies who believe dented capacity and still trapped ILS collateral can sustain current market conditions.
7. McGill & Partners hires Nicky Payne for ILS broking push
   McGill & Partners, the boutique risk solutions firm launched by former Aon President Steve McGill, has hired Nicky Payne, previously active underwriter of the Credit Suisse Insurance Linked Strategies owned Lloyd’s syndicate Arcus 1856.
8. Nephila writing cat reinsurance a cleaner, more efficient option for Markel: Execs
   Placing ILS fund manager Nephila Capital as the single point of entry to the property catastrophe reinsurance market for Markel Corporation is seen as a “cleaner option” for the company and also a way of generating operational efficiencies.
9. Global Atlantic puts Ivy Re sidecar to work in $5.7bn annuity reinsurance deal
   Global Atlantic has put its co-investment vehicle named Ivy, which operates as a kind of sidecar structure, to work in a $5.7 billion annuity reinsurance deal with American Financial Group affiliate, Great American Life Insurance Company.
10. Swiss Re lifts COVID hit to $3bn, reports Q3 profit & strong P&C growth
    Swiss Re has reported a solid third-quarter of net income that has helped to narrow its group net loss for the first nine months of the year, despite further additions to its reserves for the COVID-19 pandemic that have now reached US $3 billion.

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 36 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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