Best of Artemis, week ending 22nd November 2015

Here are the ten most popular news articles, week ending 22nd November 2015, 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.

Top ten most viewed articles on Artemis.bm, week ending 22nd November 2015:

1. In reinsurance “if you’re not relevant, you’re gone” – James Slaughter
   With ongoing market pressures continuing to reshape the need for global reinsurance industry firms to remain relevant is key, with those who fail to do so at risk of disappearing from the reinsurance landscape, according to Liberty Mutual’s James Slaughter.

2. Leadenhall adds two hires, ILS assets managed reach $2.25bn
   Specialist insurance and reinsurance linked investment manager Leadenhall Capital Partners LLP has added two new hires to its portfolio management team, strengthening both non-life and life teams, while also reaching a new milestone for ILS assets under management at $2.25 billion.

3. Kelvin Re underwrites over $120m of premiums since launch
   Kelvin Re Ltd., the rated reinsurance vehicle established and operated by Credit Suisse Asset Management’s (CSAM) ILS team, has underwritten over $120 million of gross natural catastrophe reinsurance premiums in the first nine months of 2015.

4. Quality of capital, over quantity, to drive future of convergence: Hilti
   Alternative capital will continue to expand its share of the overall reinsurance market, albeit at a slower pace than seen over the last 12-18 months, but a key driver of the convergence market moving forward lies with the quality of ILS capital over quantity, according to Niklaus Hilti.

5. Berkshire Hathaway demonstrates flexibility of Buffett model
   When the reinsurance market is challenging, competitive and underwriting opportunities seem less attractive so you pull back on premiums underwritten, wouldn’t it be nice to still make a decent return on your investments?

6. Flood Re secures £1.29bn traditional retro from 6 counterparties
   Flood Re, the UK’s government backed reinsurance scheme to help make flood insurance more accessible to property owners, has secured its first tranche of retrocession, securing £1.29 billion of cover from six traditional counterparties.

7. Pension funds investing direct to drive future ILS growth: Schultz
   An increasing number of large pension funds are expected to invest directly in the insurance-linked securities (ILS) asset class and this will be a big component of the ILS markets future growth, according to Paul Schultz of Aon Securities.

8. Lack of predictive modelling a factor limiting ILS casualty growth
   A catalyst for the growth of insurance-linked securities (ILS) in the property catastrophe reinsurance sector is the capabilities of third-party modelling, but a lack of predictive modelling within the casualty arena mitigates entry and impact of a similar scale, according to industry experts.

9. Is ‘basis risk’ the right question when considering parametric triggers?
   Parametric triggers have been in use in catastrophe insurance and reinsurance for decades now, but still some cedents, underwriters and even ILS investors continue to feel the need to match the trigger to an insurable interest.

10. Time for investors to get a “toe in the water” with ILS: Aon Hewitt
    Institutional investors, such as pension funds, who have been questioning whether now is the time to invest in insurance-linked securities (ILS) and other reinsurance linked investments, should take a “toe in the water” approach and make an allocation now, according to Aon Hewitt.

This is by no means every article published on Artemis during the last week, just the most popular, some of which were published over a week ago. There were 26 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.

Get listed in our MarketView directory of professionals.

View the current breakdown of the market in our range of charts, allowing you to analyse the cat bond market.

Artemis’ Q3 2015 Catastrophe Bond & ILS Market Report – A market making steady progress

We’ve now published our Q3 2015 catastrophe bond & ILS market report.

This report reviews the catastrophe bond and insurance-linked securities (ILS) market at the end of the third-quarter of 2015, looking at the $1.093 billion of new risk capital issued and the composition of the cat bond & ILS transactions completed during Q3 2015.

Download your copy here.