Best of Artemis, week ending 22nd December 2019

Here are the ten most popular news articles, week ending 22nd December 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 read articles on Artemis.bm, week ending 22nd December 2019:

1. Berkshire Hathaway returns to write retrocession as renewal nears
   We were first to report on the return of players including Berkshire Hathaway and DE Shaw, as the retro renewal market began to clear.
2. January renewal to be very late, u-shaped, with property cat relatively flat
   January 1st 2020 is expected to be a very late reinsurance renewal, with pricing moving the most at either end of the market in primary and retrocession, but reinsurance in the middle looking less exciting, leading analysts at JMP Securities to suggest property catastrophe renewals could be flat overall.
3. Credit Suisse ILS run reinsurer Kelvin Re takes $350m capital injection
   Kelvin Re Limited, a rated reinsurance company run by the Credit Suisse Insurance Linked Strategies Ltd. team and backed by investments from the Abu Dhabi Investment Council has taken an injection of capital to strengthen it in 2019.
4. Swiss Re using third-party capital to grow while managing risk: Mike Mitchell
   Reinsurance giant Swiss Re has made increasing use of third-party sources of capital this year, as pricing rose and its appetite for natural catastrophe risks increased.
5. RenRe expected to capitalise on retro opportunities again
   RenaissanceRe, the Bermuda-headquartered global reinsurance firm and one of the biggest users of third-party capital within its business, is expected to capitalise on the retrocession market opportunity being seen this renewal season.
6. Goldman Sachs reiterates cat bond & ILS role in environmental policy
   Investment banking giant Goldman Sachs published an updated environmental policy yesterday, with catastrophe bonds, insurance-linked securities (ILS) and other climate related risk and reinsurance products again taking a central stage within it.
7. Price inflation “present & substantial” in reinsurance placements: Tremor
   Price inflation is both present and substantial in reinsurance program placements, as the traditional process of a brokered execution can result in misaligned market incentives, according to programmatic insurance and reinsurance risk transfer marketplace insurtech Tremor Technologies Inc.
8. Typhoon Hagibis & Jebi losses said stabilising below top-end estimates
   The market is increasingly confident that industry losses from recent Japanese typhoon Hagibis and also 2018’s typhoon Jebi will ultimately stabilise below the top-end of estimates, good news for those that reserved conservatively and for those for who Jebi loss creep has been a significant issue.
9. Swiss Re says Hagibis is only an $8bn industry loss
   Opinions differ dramatically when it comes to estimating industry insured losses from typhoon Hagibis it seems, with global reinsurance giant Swiss Re opting for just $8 billion.
10. Aegon gets €12bn longevity reinsurance cover from Canada Life Re
    Dutch headquartered life, pensions and annuities focused insurer Aegon has secured a €12 billion longevity reinsurance transaction with Canada Life Re, helping it to transfer more of its longevity risk to the benefit of its solvency measures.

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 27 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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