Best of Artemis, week ending 20th October 2019

Here are the ten most popular news articles, week ending 20th October 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 updatesor get our email alerts for every article we publish.

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Ten most read articles on Artemis.bm, week ending 20th October 2019:

1. Hagibis + Faxai industry loss may be close to Jebi + Trami: Credit Suisse
   An early estimate suggests that Japanese typhoon Hagibis could eventually drive in excess of $10 billion of insurance and reinsurance industry losses, which when added to the other recent typhoon Faxai could see the 2019 typhoon season leaving a larger dent in the industry than 2018’s Jebi and Trami combined.
2. Hagibis loss complex to assess, ILS deductible erosion possible: Twelve
   The assessment and quantification of insurance and reinsurance market losses after typhoon Hagibis is to be complex and likely prolonged as a result, but there is a chance of some performance impact to private collateralised reinsurance deals, according to ILS investment manager Twelve Capital.
3. Montgomerie & Vaughan leave CATCo to launch Chard Re, with Markel backing
   Rick Montgomerie and Charlie Vaughan are to depart from Markel CATCo and will set up a new specialist reinsurance focused ILS fund manager and investment strategy under Chard Re Investment Management.
4. Hagibis to add “enormous complication” so soon after Faxai: RenRe CEO O’Donnell
   Japanese typhoon Hagibis will add “enormous complication” in allocating and finalising losses, while claims processes in Japan have likely not moved on since last year’s Jebi and its significant loss creep, according to the CEO of reinsurance firm RenaissanceRe.
5. PG&E’s wildfire subrogation settlement may benefit some ILS funds
   The recent announcement from Pacific Gas and Electricity (PG&E) of an insurance subrogation settlement totalling $11 billion may eventually provide some benefit to ILS funds that were exposed to losses from certain 2017 and 2018 California wildfire events.
6. Typhoon impacts to drain AIG’s reinsurance cover: Analysts
   Insurance giant American International Group (AIG) is likely to severely drain its reinsurance protection for Japanese loss events after it accounts for its losses from typhoons Faxai and Hagibis, according to analysts.
7. Covéa returns with €100m all-natural perils cat bond Hexagon II Re
   French mutual insurance society Covéa Group is returning to the capital markets to sponsor its second catastrophe bond deal, a €100 million deal that seeks all-natural perils reinsurance coverage for the firm, in a Hexagon II Reinsurance DAC (Series 2019-1) issuance.
8. Markel CATCo sets loss reserves for Dorian & Faxai, monitors Hagibis
   Retrocessional reinsurance focused investment manager Markel CATCo Investment Management has now established specific loss reserves for recent catastrophes hurricane Dorian and typhoon Faxai.
9. Cat bond funds see record monthly returns on Dorian recovery
   Catastrophe bond funds are reporting bumper September returns, in some cases beating their records, as they benefit from the full recovery of hurricane Dorian exposed cat bond valuations.
10. Horseshoe + Artex to create “ILS center of excellence” – CEO Perez
    The combining of Horseshoe Insurance Services Holdings Ltd. and Artex Risk Solutions operations positions them to create an “ILS center of excellence” according to Horseshoe CEO Andre Perez.

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 28 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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