Best of Artemis, week ending 24th January 2016

Here are the ten most popular news articles, week ending 24th January 2016, 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 24th January 2016:

1. Reinsurance disruption to continue as finance becomes modular: Oliver Wyman
   The insurance and reinsurance industry should expect further disruption as financial sectors with inefficient cost structures and high capital usage face threats from new entrants, business models, technology and alternative sources of risk capital, according to Oliver Wyman.

2. Predictions for 2016: Andrea Cavalleri & Neil Strong, Securis Investment Partners LLP
   The third in our series of articles featuring the thoughts of leading figures in insurance-linked securities (ILS) and reinsurance on the market as we move into 2016 features Andrea Cavalleri, Head of Life and Neil Strong, Head of Non-Life at Securis Investment Partners LLP.

3. Reinsurers as gatekeepers of risk, agnostic providers of capital: A.M. Best
   As the convergence of global reinsurance and capital markets continues apace, some traditional reinsurers are adapting to become the “gatekeepers of insurance risk,” according to A.M. Best, making being agnostic to form of underwriting capital used key.

4. Lloyd’s insurers take advantage of soft reinsurance market conditions
   During a recent London market trip with management from insurers, reinsurers, and the Lloyd’s of London market, RBC Capital Markets heard reports of Lloyd’s insurers taking advantage of the soft reinsurance landscape at the key January 1st renewals.

5. Cyber risk exposure data standard could pave way for ILS triggers
   A newly launched cyber risk exposure data standard could put in place the groundwork for the development of parameters and metrics to be used for future triggers for cyber risk ILS or reinsurance transactions.

6. “Probably impossible” for industry to achieve 10% ROE in 2016: Catlin
   Ongoing pressure in the insurance and reinsurance sector suggests that achieving a 10% or greater return on equity across the industry is likely “impossible” as both underwriting and investment returns remain depressed, according to Stephen Catlin.

7. Twelve Capital sees private ILS rates holding up, grows assets to $3.5bn
   Rates, pricing and conditions held up best for private ILS transactions at the January reinsurance renewals, according to insurance-linked investment manager Twelve Capital, with rates only dropping around 5%.

8. Cat bond market liquidity rises in December on portfolio rebalancing
   Liquidity in the secondary market for catastrophe bonds rose in December, as an active period of primary cat bond issuance combined with the approach of the key January reinsurance renewals, stimulated investor portfolio rebalancing.

9. Potential $60bn annual pandemic cost needs global risk transfer effort
   The outbreak of infectious disease poses a very real and serious threat to global financial stability, with a new report claiming that yearly expected losses from potential pandemic risks top $60 billion, underlining the need for greater involvement from the entire risk transfer landscape.

10. Butch Agnew named VP, ILS Portfolio Management at Tokio Solution
    Tokio Solution Management Ltd., the collateralized reinsurance, insurance-linked securities (ILS) and reinsurance convergence facilitating arm of Tokio Millennium Re, has announced the appointment of Butch Agnew as Vice President, ILS Portfolio Management today.

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.

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Artemis’ Q4 2015 Catastrophe Bond & ILS Market Report – Outright market growth continues

We’ve now published our Q4 2015 catastrophe bond & ILS market report.

This report reviews the catastrophe bond and insurance-linked securities (ILS) market at the end of the fourth-quarter of 2015, looking at the $1.525 billion of new risk capital issued and the composition of the cat bond & ILS transactions completed during Q4 2015. The report also includes a review of the full year 2015 issuance and commentary from co-editor GC Securities.

Download your copy here.