Here are the ten most popular news articles, week ending 23rd September 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 23rd September 2018:
MMC to acquire JLT, shrinking broker landscape
The insurance and reinsurance broker landscape is set to shrink further, as one of the top players Marsh & McLennan Companies, Inc. has agreed to acquire Jardine Lloyd Thompson Group plc for a cash consideration of $5.6 billion.
Reinsurance & ILS market share of Florence loss likely minimal: Analysts
Traditional reinsurance and alternative or insurance-linked securities (ILS) markets are only expected to take a small share, perhaps just a maximum of 15% to 20% of the overall industry-wide losses from hurricane Florence, although that could help to reduce some price pressure, analysts suggest.
ILS to take greater share of reinsurance by 2020: Survey results
The insurance-linked securities (ILS) market and alternative reinsurance capital is forecast to take a greater share market of global reinsurance by 2020, suggesting continued expansion for capital market activity in the sector, according to respondents of our first global reinsurance market survey.
Florence saw less ILW and live cat activity than other recent storms
Activity in the market for live cat (live catastrophe) trading and protection buying was lighter for hurricane Florence than other recent storms, in terms of volume traded, but some ILW trades were completed as the storm approached.
Hurricane Florence wind & storm surge loss up to $4.6bn: AIR
The impact to insurance and reinsurance interests from the wind and storm surge damage caused by hurricane Florence is estimated to be in a range from $1.7 billion to as much as $4.6 billion, by AIR Worldwide.
Irma loss creep is a credibility issue: Dirk Lohmann, Secquaero
Issues surrounding reserving are going to become a selection criteria for ILS fund managers given the significant loss creep in the aftermath of Hurricane Irma, thinks Dirk Lohmann, CEO and co-founder of ILS specialists Secquaero.
Cat risk is core to investor portfolios, but relative value key: Swiss Re
When allocating investment strategies, capital markets investors have choices that might be influenced by the relative attractiveness of the cat bond sector, however, the aftermath of 2017 events shows how cat risk is a key part of investor-portfolio construction, according to reinsurance giant Swiss Re.
ILS industry recognised Florence would not be market-changing
The insurance-linked securities (ILS) industry and third-party reinsurance capital providers recognised that hurricane Florence would not be a market-changing event and reacted accordingly.
Cat bond index only fell 1.15% on hurricane Florence threat
The catastrophe bond market remained relatively stable under the threat from hurricane Florence, with one of the main indices used to track the value of outstanding cat bonds only registering a 1.15% decline at the end of the week.
ILS investors will become “more demanding” – Darren Redhead, Kinesis
Muted catastrophe reinsurance rate rises and loss creep could mean investors may be more reluctant to reload in the same way should the industry experience further major natural catastrophe losses, thinks Darren Redhead, CEO of Kinesis Capital Management, the third-party capital vehicle operated by Lancashire Holdings.
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 32 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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