Best of Artemis, week ending 20th January 2013

Yet another third-party capital reinsurance vehicle has launched and this along with news of solar weather risks and the sale of Goldman Sachs reinsurance operations were popular stories in the last week. As always, you can read every market news story and article on the Artemis news blog, subscribe to our weekly email newsletter update and for your convenience here are the ten most popular news articles from the last seven days on Artemis.

Top ten most viewed articles on Artemis.bm, week ending 20th January 2013:

1. Solar weather and geomagnetic storms a threat to re/insurance industry: Aon Benfield
   Reinsurance broker Aon Benfield has published a report which delivers a timely reminder to the insurance and reinsurance industry that the potential losses from a major space weather event could cause massive economic and insured losses and the re/insurance industry needs to consider its preparation and response.
2. Goldman Sachs to offload reinsurance arm. Could it become collateralized?
   The market and media were awash with rumours about investment bank Goldman Sachs planning to sell a majority stake in its reinsurance interests last week, rumours which were eventually confirmed by Goldman Sachs itself.
3. Everest Re launches Mt. Logan Re third-party capital sidecar reinsurance vehicle
   Another reinsurer is taking its first step into the third-party capital asset management arena by launching a vehicle dedicated to attracting investors capital to put it to use underwriting collateralized reinsurance business.
4. GC Securities builds secondary cat bond trading capabilities with new hire
   Reinsurance broker Guy Carpenter has added to its capital markets and insurance-linked securities team, bolstering its secondary catastrophe bond and ILS trading capabilities, with a new hire made towards the end of last year.
5. 2012 cat bond market saw annual return 58% above average
   The catastrophe bond and insurance-linked security market delivered investors the third highest annual return of the last decade, according to date from ILS, cat bond and reinsurance consultancy Lane Financial LLC.
6. ILS investment manager Twelve Capital grows assets to over $1 billion
   Swiss based investment manager Twelve Capital, which operates a number of funds and investment opportunities in insurance-linked securities, catastrophe bonds, private ILS, reinsurance-linked contracts and subordinated insurance bonds, has published an update disclosing that it now manages over $1 billion of insurance-linked assets.
7. Hurricane Sandy loss and uncertainty has not led to cat bond spread increases
   In its latest quarterly report on the catastrophe bond and insurance-linked securities market reinsurance broker Aon Benfield takes a look at some of the cat bonds which were marked down due to hurricane Sandy.
8. Insurance-linked security rates rise slightly, returns recover from Sandy in Q4
   The final quarter of 2012 saw the average rate-on-line of insurance-linked security and catastrophe bond deals rise a little after having seen declines through much of the year.
9. Blue Capital Global Reinsurance Fund deploys 58% of capital at renewals
   The first fund launched by Bermudian reinsurer Montpelier Re’s investment management subsidiary Blue Capital Management has provided an update on its progress after the January renewals.
10. Reinsurers should expect catastrophe losses like 2011 every 15 years
    A new report published today by risk modeller AIR Worldwide suggests that insurers and reinsurers should be prepared to face insured catastrophe losses of the magnitude seen during 2011 every 15 years.

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This is by no means all of our articles from the last week, just the most popular among our readers. To ensure you always stay up to date with Artemis subscribe to our weekly email newsletter update.

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