Best of Artemis, week ending 20th June 2021

Here are the ten most popular news articles, week ending 20th June 2021, 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 June 2021:

1. Divestitures more likely than Aon abandoning Willis deal: Analysts
   After the US Department of Justice (DOJ) decided to sue in an attempt to block Aon’s acquisition of broking rival Willis Towers Watson (WTW), analysts at KBW said that rather than abandoning the merger, Aon is more likely to offer additional divestitures.
2. G7 leaders commit to expand climate & disaster risk insurance
   After a weekend of discussions in Cornwall, UK, leaders of the G7 (Group of Seven) economies have made a range of commitments to expanding climate and disaster risk insurance, alongside other climate financing pledges.
3. Lloyd’s Central Fund cover has no direct ILS participation
   There isn’t any direct participation from insurance-linked securities (ILS) funds or investors in the £650 million reinsurance or retrocession protection Lloyd’s has purchased to cover its Central Fund, despite nearly 70% of it being collateralised.
4. Parametrics: The future opportunity is already upon us
   As climate change becomes a topic of increasing focus and with regulations poised to get tighter, the ability to customise parametric insurance solutions suggests that going forward, the product set is going to expand, according to industry experts.
5. ILS fund manager participation moving up the reinsurance tower
   In our discussions with managers of insurance-linked securities (ILS) funds and other collateralized reinsurance structures around the mid-year renewal season, one fact that has become increasingly clear is that many ILS fund managers are taking the opportunity supplied by the improved rate environment to move higher up the risk tower.
6. Florida property insurance reform continues with signing of SB 76
   Governor of Florida Ron DeSantis signed into law the latest addition to efforts to reform the Florida property insurance market, as legislators try to stem rising prices and reduce insurance related litigation that has been inflating claims.
7. Global insurance protection gap hit $1.4 trillion high in 2020: Swiss Re
   The global insurance protection gap, or the gap between economic losses and those that are insured, widened in 2020 as pandemic related effects drove global macroeconomic resilience to decline by 18%, according to a measure by reinsurance firm Swiss Re.
8. Cat bond activity may give multi-strategy funds room to expand
   The acceleration of activity in the global catastrophe bond market over the last few months could now drive an opportunity for a number of multi-strategy investment funds to expand, as the availability of paper has increased even causing some investment managers to lift the shutters on closed funds, we understand.
9. Root places property catastrophe reinsurance program with Tremor
   Root Insurance, an insurtech that launched with an auto insurance focus and is now expanding into renters and homeowners cover, has placed its June property catastrophe reinsurance program renewal using Tremor Technologies programmatic risk transfer marketplace Panorama.
10. Lockton Re confirms Bob Bisset as Chairman, Global Retrocession
    Independent insurance broking giant Lockton has now confirmed the senior hire and appointment of Bob Bisset as its new Chairman, Global Retrocession & Property Specialty, Bermuda and Market Capital of reinsurance broking unit Lockton Re.

This is not every article published on Artemis during the last week, just the most popular among our readers over the last seven days. There were 38 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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