Best of Artemis, week ending 20th July 2014

Here are the ten most popular news articles, week ending 20th July 2014, on catastrophe bonds, reinsurance capital and related risk transfer topics, from the last seven days on Artemis. To ensure you never miss a thing  subscribe to the weekly Artemis email newsletter updates.

Top ten most viewed articles on Artemis.bm, week ending 20th July 2014:

1. The death of the traditional catastrophe reinsurance model
   Delegates at an event held in Bermuda recently suggested that the traditional catastrophe reinsurance model may already be dying, as investors providing alternative reinsurance capital move in with more efficient structures and lower-cost capital.

2. The ILS market in 2014 – More records than Miroslav Klose: Swiss Re
   Reinsurance firm Swiss Re’s latest insurance-linked securities (ILS) market update highlights the amazing start to 2014, with the highest level of catastrophe bond issuance ever recorded and a market breaking more records than Germany’s World Cup star Miroslav Klose.

3. Mercer, Zurich in longevity hedge solution for smaller pension schemes
   Mercer, the pensions, investments and employee benefits firm and Zurich the global insurance company have teamed up to launch a streamlined longevity hedging solution for small to mid size UK pension schemes with pensioner liabilities of £50m+.

4. One reason ILS capital is considered low-cost, efficient and competitive
   We often discuss the efficiency of reinsurance capital sourced from capital markets, third-party or alternative sources, as well as its lower-cost nature which can allow it to have a competitive edge over the traditional reinsurance business model.

5. JLT Capital Markets closes Market Re 2014-4, first parametric cat bond on platform
   Jardine Lloyd Thompson Capital Markets (JLTCM) Inc. has closed on another catastrophe bond using its Market Re private ILS issuance platform. The $30m Market Re Ltd. (Series 2014-4) is the first cat bond on the platform to use a parametric trigger.

6. LGT increases ILS assets to $3.9B, gains new pension fund mandates
   Swiss located insurance-linked securities (ILS) and reinsurance-linked investment management firm LGT Insurance-Linked Strategies has increased its ILS assets under management to an impressive $3.9 billion by the mid-point of 2014.

7. With few places to hide from soft market, reinsurers need to adapt: S&P
   With rates falling almost universally across the reinsurance market global reinsurers are left with few places to hide. But in this low rate environment the ability to adapt has become increasingly vital, according to a report from Standard & Poor’s.

8. Costa Concordia insured loss rises again, close to $2 billion
   The total insurance industry loss from the wreck and salvage of the stricken cruise ship Costa Concordia looks set to get very close to the $2 billion we reported was likely over a year ago which could increase any impact on ILS or ILW instruments.

9. Interview: Niklaus Hilti, Head of Insurance-Linked Securities Strategies, Credit Suisse Asset Management
   This interview with Niklaus Hilti, Head of Insurance-Linked Securities Strategies at Credit Suisse Asset Management, discusses the return potential of the insurance-linked securities (ILS) asset class and how to compare this across different strategies.

10. First catastrophe insurance pilot shows opportunities in China
    The first catastrophe insurance pilot program has been launched in the Shenzhen, China, as the government looks to expand penetration of catastrophe insurance covers across the nation.

This is by no means every article published on Artemis during the last week, just the most popular, some of which were published over a week ago. There were 18 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.

If you’re looking for details on catastrophe bond and ILS transactions the Artemis Deal Directory has more than 330 listed.

Get listed in our MarketView directory of professionals.

Q2 2014 Catastrophe Bond & ILS Market Report – The Biggest Quarter, The Biggest Catastrophe Bond

We’ve now published our Q2 2014 catastrophe bond & ILS market report.

This report reviews the catastrophe bond and insurance-linked securities (ILS) market at the end of the record second-quarter of 2014, looking at the new risk capital issued and the composition of the transactions completed during Q1 2014.
Download your copy here.