Best of Artemis, week ending 21st October 2018

Here are the ten most popular news articles, week ending 21st October 2018, 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 October 2018:

1. AIR puts hurricane Michael industry loss estimate at $6bn to $10bn
   Hurricane Michael is estimated to have caused the insurance and reinsurance industry a loss in the range of $6 billion to $10 billion by catastrophe risk modeller AIR Worldwide.

2. Nephila helps Microsoft hedge renewable weather risk in three deals
   Technology giant Microsoft has entered into three transactions involving the world’s largest insurance and reinsurance linked investment manager Nephila Capital, as the company looks to hedge the weather risk associated with renewable energy production, making its energy costs more secure in the process.

3. Hurricane activity may support January 2019 reinsurance pricing: Morgan Stanley
   Reinsurance pricing at the upcoming key January 2019 renewals could be supported by the active hurricane season and the unique features of recent storms, meaning rates may hold up better than had been anticipated, according to Morgan Stanley’s analysts.

4. Real-time portfolio optimisation will transform ILS placements, says Ventus
   Using technology to enable real-time portfolio optimisation will transform the way that ILS and traditional reinsurance placements are made, improving costs and efficiencies and allowing capital providers to get closer to the original risk, according to the team at InsurTech MGU Ventus.

5. Swiss Re expects $1.4bn Q3 large loss hit after retrocession
   Global reinsurance company Swiss Re has estimated that its third-quarter 2018 large loss burden will amount to roughly $1.4 billion after retrocession, with natural catastrophes driving the majority and typhoon Jebi the most costly event of the quarter.

6. ILS market exposure to hurricane Michael not material: Fitch
   The insurance-linked securities (ILS) market’s exposure to hurricane Michael is not expected to be material, according to Fitch Ratings, although some losses will fall to collateralized reinsurance and quota shares exposed to the lower layers of programs covering the affected region.

7. MGIC to enter mortgage ILS market to secure $318.6m of reinsurance
   Mortgage insurance specialist MGIC, one of the largest mortgage insurers in the United States, is to enter the mortgage insurance-linked securities (ILS) and insurance-linked notes market with its first transaction, a $318.6 million Home Re 2018-1 Ltd. transaction.

8. Markel CATCo updates on hurricane Michael & typhoon Jebi exposure
   Markel CATCo Investment Management Ltd., the retrocessional reinsurance investment specialist, has revealed that its stock exchange listed CATCo Reinsurance Opportunities Fund is exposed to potential losses from hurricane Michael and typhoon Jebi.

9. AIG reports up to $1.7bn Q3 losses, up to $500m for hurricane Michael
   International insurance giant American International Group (AIG) has continued to pass on a share of its catastrophe losses to its reinsurance panel and looks set to continue doing so through the rest of this year, as its third-quarter loss bill is up to $1.7 billion and Q4 starts with up to $500 million from hurricane Michael.

10. No cat bond loss expected from hurricane Michael: Plenum
    The eventual insurance and reinsurance industry loss from last weeks hurricane Michael is not expected to trigger any of its catastrophe bond positions, according to specialist insurance-linked securities (ILS) investment manager Plenum.

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 33 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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