Best of Artemis, week ending 22nd September 2019

Here are the ten most popular news articles, week ending 22nd September 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 September 2019:

1. Stone Ridge raising capital for new Longtail reinsurance platform
   Stone Ridge Asset Management, the New York based manager of reinsurance focused insurance-linked securities (ILS) mutual fund strategies, is beginning the process of raising capital for a new reinsurance platform named Longtail, we can report.
2. Typhoon Faxai industry loss up to $7bn: AIR Worldwide
   Typhoon Faxai is estimated result in an insurance and reinsurance sector loss of as much as $7 billion by catastrophe risk modeller AIR Worldwide.
3. Investors had emotional reaction to loss creep: Niklaus Hilti, Credit Suisse ILS
   ILS investors have had a significant reaction to two years of major natural catastrophe events where losses increased from initial estimates. Hurricane Irma and last year’s Typhoon Jebi have led to an “emotional reaction” according to Niklaus Hilti, Head of Credit Suisse’s insurance-linked securities (ILS) division.
4. Markel CATCo warns of exposure to hurricane Dorian, Typhoon Faxai
   Retrocessional reinsurance focused investment manager Markel CATCo Investment Management has warned that investors in the 2019 portfolios of its listed fund are exposed to potential losses from recent catastrophe events hurricane Dorian and typhoon Faxai.
5. Swiss pensions allocate more to ILS, increasingly a core alternative asset
   Pension funds in Switzerland have continued to increase their allocations to insurance-linked securities (ILS) and reinsurance linked investments, with the ILS asset class becoming a core alternative investment for some of them.
6. $70m Asagao parametric JP quake cat bond issued by Aon’s White Rock
   A $70 million parametric Japanese earthquake private insurance-linked securities (ILS) transaction has been issued using Aon Insurance Managers segregated accounts company White Rock.
7. Nephila could expand capacity for January if price improvements continue
   In a sign that reinsurance market pricing has returned to more rational levels, the largest manager of catastrophe and weather insurance linked assets, Nephila Capital, could seek to expand its capacity for the January renewals if price improvements seen continued.
8. Positive messages, but pricing views differed at Monte Carlo 2019
   While there was generally positive messaging coming from the reinsurance and insurance-linked securities (ILS) market at the 63rd Monte Carlo Rendezvous event this week, views on pricing differed as ever.
9. Markel hires Brenton Slade as President of Lodgepine retro ILS play
   Markel Corporation has hired Brenton “Brent” Slade from Hamilton Insurance Group to be the President of its newly launched retrocessional reinsurance ILS fund management unit Lodgepine Capital Management Limited.
10. Gap between price & loss experience will narrow further: Jeworrek, Munich Re
    The reinsurance market has faced a fundamental gap between the softening of prices and actual loss experience over the last decade, a gap that has now begun to close but needs to narrow further, according to Torsten Jeworrek of Munich Re.

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 28 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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