Best of Artemis, week ending 21st March 2021

Here are the ten most popular news articles, week ending 21st March 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 21st March 2021:

1. Chubb confirms it made $23.24bn offer for the Hartford
   Global primary insurance carrier and reinsurance company Chubb has confirmed that it made a roughly $23.24 billion offer for rival the Hartford, offering $65 per share.
2. Allstate says winter storm loss to trigger Sanders Re II 2019-1 cat bond
   US primary insurer Allstate has revealed a significant approximately $1.3 billion gross loss from the winter storms and severe winter freeze, primarily impacting Texas, which it warns mean its aggregate reinsurance will trigger, which is provided by its Sanders Re catastrophe bonds.
3. Demotech warns some Florida carriers must “markedly improve” in 2021
   With thoughts turning to the key mid-year reinsurance renewals and negotiations already underway for many Florida domestic insurance carriers, rating agency Demotech has warned that nine carriers need to report “markedly improved operating results in 2021” to sustain their current rating level.
4. RenRe said cautious on Japan, optimistic on Florida reinsurance renewals
   RenaissanceRe, the Bermuda headquartered reinsurer and third-party reinsurance capital manager, is said to have a cautious stance on rate prospects for the upcoming Japanese renewals at April 1st, but a more optimistic outlook for the Florida and mid-year renewals.
5. Munich Re expecting winter storm loss in the mid-hundreds of millions
   German reinsurance giant Munich Re said that it is expecting its losses from the recent US winter storm and extreme freezing weather event to be in the mid hundreds of millions of Euros.
6. RenaissanceRe Capital Partners hires Beach from Aon
   RenaissanceRe Capital Partners has hired Roger Beach from Aon, as a Senior Analyst focused on investor relations and operational due diligence.
7. Cat claims 34% above 10-year average in 2021 on US winter storm: Jefferies
   Insurance and reinsurance industry catastrophe claims are likely running around 34% above the 10-year average for the year-to-date thanks to the significant contribution from US winter storms and freezing weather, according to analysts at Jefferies.
8. Hannover Re uses Kubera for life ILS issuance. Life ILS volumes pass $1bn
   Global reinsurance firm Hannover Re has been expanding its activities in life insurance-linked securities (ILS), with its life ILS volumes passing $1 billion and a recent deal tapping its Kubera Insurance (SAC) Ltd. as an issuer to transact with life ILS investors.
9. Artemis Live: Interview with James Poole, Co-founder, AGILE Risk Partners
   We have a new Artemis Live video interview for you, in which we discuss the concept of Collateralised Facultative Reinsurance (CFR) and the investment opportunity that presents with James Poole, Co-founder of AGILE Risk Partners.
10. Winter storms mean higher renewal rates into 2022: ILS Capital
    Bermuda headquartered ILS fund and investment manager ILS Capital Management, has said that it expects that industry losses suffered from the recent winter storms and Arctic blast in the United States will drive renewal rates higher at the mid-year and also further into 2022.

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 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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