You can read every market news story and article, week ending 24th November 2013, here on the Artemis news blog. Subscribe to the weekly email newsletter updates and for your convenience here are the ten most popular news articles from the last seven days on Artemis.
Top ten most viewed articles on Artemis.bm, week ending 24th November 2013:
- Reinsurance, capital markets should lead way on loss & damages
The United Nations conference on climate change continues in Warsaw, Poland this week. A key topic of discussion is what to do about the growing loss and damages from climate and natural disasters, particular losses being suffered in the developing world.
- Chris McKeown joins New Ocean Capital (XL Group – Stone Point ILS unit) as CEO
Experienced insurance-linked securities and reinsurance capital markets executive Chris McKeown is returning to the ILS space to join the New Ocean Capital Management Limited ILS investment manager, which was recently launched by XL Group and Stone Point Capital.
- ILS market to double by 2018, drive further rate decreases: Credit Suisse analysts
The insurance-linked securities (ILS) and alternative reinsurance capital market is expected to double in size by 2018 as additional capital flows into reinsurance looking for a source of investment returns with low-correlation to wider financial markets, say analysts at Credit Suisse.
- Stefan Lippe, Jürg Haller join CelsiusPro board of directors
CelsiusPro AG, the Swiss-based specialist in structuring and originating weather derivatives and weather risk management products, has announced that ex-Swiss Re CEO Stefan Lippe and UBS banker Jürg Haller have joined the CelsiusPro board of directors.
- Tradewynd Re 2013-2 brings more diverse risk to cat bond market for AIG
American International Group (AIG) is seeking to add to its catastrophe bond sourced reinsurance protection through the launch of a second Tradewynd Re cat bond, its sixth cat bond sponsorship in total, with Tradewynd Re Ltd. (Series 2013-2).
- Underwriting a focus as alternative reinsurance capital challenges mount
Reinsurance industry CEO’s and senior executives meeting last week at the PwC and Standard & Poor’s Ratings Services 2013 Bermuda (Re)insurance Conference discussed the need to increase their focus on underwriting to offset challenges, including alternative reinsurance capital.
- Midwest tornado outbreak may cause $1 billion insured loss: RMS
Sunday’s outbreak of severe thunderstorms and tornadoes across the U.S. midwest looks set to become the first billion dollar insured loss event caused by severe weather of the month, according to risk modeller RMS.
- Blue Capital Global Reinsurance Fund raises $23m
Blue Capital Management, the third-party capital and reinsurance-linked fund management arm of Bermuda based reinsurer Montpelier Re, has announced the successful raising of $23m of new capital from investors through the latest share placement for its listed fund.
- No impact expected to cat bond fund from midwest tornadoes: Plenum
Yesterdays outbreak of severe thunderstorms, which triggered large hail, damaging winds and tornadoes across the U.S. midwest, is not expected to impact any of the catastrophe bond positions in Swiss catastrophe bond investment fund manager Plenum Investments portfolio.
- Double-digit rate declines expected in catastrophe reinsurance renewals
Catastrophe reinsurance rates are set to see double-digit declines at the January renewals, against a backdrop of benign loss experience, an accumulation of capital amongst traditional reinsurers and continued inflows of third-party or alternative reinsurance capital.
This is by no means every article published on Artemis during the last week, just the most popular among our readers. To ensure you always stay up to date with Artemis subscribe to our weekly email newsletter update.
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