Best of Artemis, week ending 20th December 2020

Here are the ten most popular news articles, week ending 20th December 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 20th December 2020:

1. Catastrophe bonds hit all-time record, with $10.3bn issued in 2020
   Catastrophe bond issuance in 2020 has now surpassed another annual record, as the total amount of risk capital issued in pure, syndicated property cat bond transactions so far this year has now reached almost $10.3 billion.
2. Aon seeing “demand surge” for parametric risk transfer products
   Insurance and reinsurance broker Aon said today that it is currently seeing a “demand surge” for parametric risk transfer products, as clients look for solutions that can rapidly deliver cash flow after loss events occur.
3. Hurricane activity could be elevated in 2021, say Swiss Re, CSU & TSR
   The climate conditions seen in the North Atlantic ocean at the moment are conducive to the formation of tropical storms and hurricanes, so suggest a chance of elevated hurricane activity in 2021 and beyond, according to global reinsurance firm Swiss Re, something the main forecasters are also pointing towards.
4. Munich Re lifts Jebi industry loss to $13bn, some ILW’s potentially in play
   Global reinsurance firm Munich Re has lifted its estimate for insurance industry losses from 2018’s Japanese typhoon Jebi to $13 billion, which we understand could put a handful of still-exposed industry loss trigger contracts such as ILW’s in play.
5. Study reveals benefits of operationalising ESG in risk transfer & ILS
   Market participants across risk transfer, including insurance-linked securities (ILS) and reinsurance, have a lot to gain from further operationalising Environmental, Social and Governance (ESG) within their core businesses, our now published study reveals.
6. SCOR chooses successor for CEO Kessler from outside reinsurance
   French global reinsurance company SCOR has selected an industry outsider as the successor to long-standing CEO Denis Kessler, with political adviser Benoît Ribadeau-Dumas set to take on the lead role at the company from 2022.
7. Reinsurance momentum to continue through all 2021 renewals: Morgan Stanley
   Reinsurance pricing momentum is forecast to continue through all of the 2021 renewal seasons, with rises of 5% to 6% expected across the key upcoming January renewals, according to analysts at Morgan Stanley.
8. Cohen & Co. to raise $235m with third Butler-led re/insurance SPAC vehicle
   Fixed income financial services focused investment firm Cohen & Company, LLC has begun a capital raise for what will be its third insurance, reinsurance and insurtech focused Special Purpose Acquisition Company, or SPAC, named INSU Acquisition Corp. III.
9. Schroders raises $420m for new Life Insurance-Linked Security (ILS) fund
   Global investment manager Schroders has raised $420 million of capital from third-party institutional investors for a new life insurance-linked securities (ILS) fund strategy that it has launched.
10. Leadenhall AuM passes $6.2bn, as ILS manager adds $600m+ since July
    London headquartered insurance-linked securities (ILS) and reinsurance related investments manger Leadenhall Capital Partners LLP has increased its assets under management to more than $6.2 billion in 2020, as the ILS fund manager has added over $600 million just since July.

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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