Best of Artemis, week ending 21st April 2019

Here are the ten most popular news articles, week ending 21st April 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 updates or get our email alerts for every article we publish.

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Ten most viewed articles on Artemis.bm, week ending 21st April 2019:

1. Elementum selling 30% stake to White Mountains
   Elementum Advisors, LLC, an insurance and reinsurance linked asset manager with over $4 billion of assets under management, is selling a 30% stake to insurance and financial services group White Mountains.
2. Tremor places Markel property cat program layers, lines up further auctions
   Tremor Technologies, Inc. continues to make impressive progress, as the programmatic reinsurance risk placement marketplace provider has completed another property catastrophe auction placement, and has more transactions lined up for the coming renewals.
3. No evidence CATCo acted in bad faith on loss reserves: Markel
   After an internal review conducted by outside legal counsel was completed, Markel Corporation says that the review found no evidence of “bad faith in exercising business judgment” by Markel CATCo personnel when it came to setting loss reserves in late 2017 and early 2018.
4. Nephila’s Syndicate 2357 premium near doubles, stamp to reach $500m in 2019
   Nephila Capital, the largest insurance and reinsurance linked investment manager, nearly doubled the amount of premiums underwritten through its Lloyd’s of London Syndicate 2357 in full-year 2018.
5. Capital to be abundant at renewals, but managed more conservatively
   Capital and capacity is expected to be in abundance at the upcoming mid-year reinsurance renewals, but the management of it is expected to be more conservative, which could help to hold up rates, analysts suggest.
6. FEMA’s second cat bond completes, takes NFIP flood reinsurance to $2.12bn
   The U.S. Federal Emergency Management Agency’s (FEMA) has expanded its flood reinsurance program for the National Flood Insurance Program (NFIP) to $2.12 billion in size, thanks to the successful completion of the $300 million FloodSmart Re Ltd. (Series 2019-1) cat bond issuance.
7. Red Cross making volcano cat bond progress
   The Danish Red Cross and International Federation of Red Cross and Crescent Societies are making progress with their first ever catastrophe bond transaction, revealing a tiered trigger structure designed to ensure that impactful volcanic eruptions cause the cat bond to pay out.
8. Alternative capital growth to “regain momentum”, reaches $97bn in 2018: Aon
   Alternative sources of reinsurance capital, deployed into catastrophe bonds as well as through ILS funds and other collateralized vehicles, grew by a slower 9% to $97 billion in 2018, but is expected to “regain momentum” in the coming months, according to Aon.
9. ILW payouts on the cards after typhoon Jebi loss estimate rises
   Typhoon Jebi has already become the loss creep story of 2019 so far, but it’s set to become an even higher profile case as a rising industry loss estimate for the storm means it’s now expected that a number of industry loss warranty (ILW) contracts will payout.
10. Parametric & ILS risk financing rising up agendas in Asia-Pacific
    Discussions on the use of insurance, reinsurance and capital market products for disaster risk financing are rising up the agendas of international meetings focused on the Asia-Pacific region.

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 21 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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