Best of Artemis, week ending 1st September 2019

Here are the ten most popular news articles, week ending 1st September 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.

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

1. Our latest on hurricane Dorian, which slammed the Bahamas as a Cat 5 yesterday
   Hurricane Dorian reached sustained winds of 185 mph with much higher gusts as it slammed the Bahamas islands of Abaco & Grand Bahama yesterday, before moving towards Florida and beginning its turn for the north.
2. Risk managers & C-Suite lack understanding of parametric risk transfer
   The insurance and reinsurance industry has much more to do to promote parametric risk transfer and other alternative risk strategies, as both risk managers and the C-Suite of major corporations lack a clear understanding of its benefits.
3. Artemis ILS Asia 2019 – post-conference report
   Download the Artemis ILS Asia 2019 post-conference report, in which we review the event and highlight some of the debates that took place on the day during Artemis’ third event in Asia.
4. Nationwide gets another $10.3m Caelus Re V cat bond loss payment
   U.S. primary insurer Nationwide Mutual Insurance Company has made a second reinsurance recovery from its Caelus Re catastrophe bond series, adding a further $10.3 million to its claims from the highest risk Caelus Re V Ltd. (Series 2017-1) Class D tranche of notes.
5. Reinsurance operating environment still “less than optimal” – A.M. Best
   The global reinsurance operating environment remains “less than optimal” for traditional firms, but the outlook for the segment is still deemed stable by rating agency A.M. Best.
6. Cat bonds trade on hurricane Dorian, but uncertainty reigns
   Hurricane Dorian has now resulted in some catastrophe bond market activity, with a number of trades completed as certain insurance-linked securities (ILS) funds or investors look to reduce their Florida exposure.
7. ARC & Africa CDC team on parametric outbreak & epidemic insurance
   The African Risk Capacity (ARC) has teamed up with the Africa Centre for Disease Control (Africa CDC) to further its work on a parametric index to support outbreak and epidemic insurance and risk transfer at the sovereign level.
8. Credit Suisse’s reinsurer Bernina Re Ltd. appoints Christian Bieri CEO
   Bernina Re Ltd., the flagship reinsurance platform of the Credit Suisse Insurance Linked Strategies Ltd. team, has a new CEO in former Swiss Re and MS Amlin executive Christian Bieri, who joins the company soon bringing almost 20 years of underwriting and leadership experience.
9. Convergence capital, the “new norm” for reinsurers to stay competitive: S&P
   Third-party reinsurance or alternative capital has become a “new norm” for reinsurers as they seek to remain competitive, meaning that so-called convergence capital from the insurance-linked securities (ILS) market will remain key.
10. Cheaper capital & inventive origination key to reinsurance evolution: A.M. Best
    As traditional reinsurance firms continue to grapple with challenging market conditions and high-levels of competition, rating agency A.M. Best notes that access to cheaper capital and inventive ways to source risk will continue to be key to the evolution of reinsurance.

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 27 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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