Best of Artemis, week ending 23rd August 2020

Here are the ten most popular news articles, week ending 23rd August 2020, 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.

Register free for our upcoming reinsurance & ILS panel webcast.

Ten most read articles on Artemis.bm, week ending 23rd August 2020:

1. Aon launches Capital Partners team to expand access to ILS capital
   Insurance and reinsurance broking group Aon has announced the launch of a Capital Partners team, that will work to expand access to third-party reinsurance capacity to its clients.
2. ILS Capital in landmark $57m trapped capital securitisation
   ILS Capital Management Ltd. has successfully completed a landmark securitisation that reduces the level of trapped capital affecting its ILS funds and returns capital to investors, seeing it as the first ever securitisation of trapped ILS capital.
3. COVID-19 insured loss reports approach $25bn
   P&C insurance and reinsurance company reported losses and IBNR reserves related to the COVID-19 coronavirus pandemic have now reached almost $25 billion, according to data collected by advisory PeriStrat LLC and augmented by our own research.
4. Reinsurance a growth area now Chubb feels better compensated: CEO Greenberg
   After a number of years of shrinking its reinsurance underwriting book, global re/insurer Chubb is ready to expand its activities in the reinsurance space now the pricing is adequate, according to CEO Evan Greenberg.
5. Aeolus hires Jagoda from Elementum as Partner and Portfolio Manager
   Aeolus Capital Management Ltd., the Bermuda based reinsurance and insurance-linked securities (ILS) focused investment fund manager, has announced another new hire, with Nicholas Jagoda from Elementum Advisors set to join the firm.
6. Artemis Live: Interview with Peter Giacone, Kroll Bond Rating Agency (KBRA)
   We’ve published a new Artemis Live video interview, featuring Peter Giacone, Managing Director and Global Head of Insurance at Kroll Bond Rating Agency (KBRA), who joined us to discuss evolving investor appetites and the ILS market.
7. Hurricane Katrina repeat with climate change could cost $200bn: Swiss Re
   A repeat of 2005’s hurricane Katrina hitting in an identical manner with exposure values as we see them now but with greater influence from climate change factors, could drive an economic loss of as high as $200 billion, according to analysis from Swiss Re.
8. Undeniable climate change impact starting to get priced in: Hilti, Credit Suisse
   Following the increased severity and frequency of wildfires, droughts and floods in recent times, the undeniable impact of climate change on water-related catastrophes is starting to get priced in and risk premiums are adjusting, according to Niklaus Hilti, Head of Credit Suisse’s Insurance-Linked Strategies division.
9. Lancashire expanding into catastrophe & casualty risks as market hardens
   Specialty insurance and reinsurance group Lancashire Holdings is looking to expand its book in the current hard market conditions, with more property catastrophe risk expected to be underwritten and the firms first foray into underwriting casualty lines in 2021.
10. Guy Carpenter hires Livingston from Willis Re to new Global Head of Sales role
    Reinsurance broker Guy Carpenter has created a new senior executive Global Head of Sales role, to bring its sales activities under one leadership, and hired Jeffrey Livingston from Willis Re to fill it.

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 30 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 ILS market in our range of charts, allowing you to analyse cat bond issuance.

Check out the assets under management of the ILS fund market with our ILS investment manager directory.