Best of Artemis, week ending 25th April 2021

Here are the ten most popular news articles, week ending 25th April 2021, 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.

Ten most read articles on Artemis.bm, week ending 25th April 2021:

1. Aon in proactive offer to US DOJ on Willis Towers Watson merger: Report
   It’s been reported that insurance and reinsurance broker Aon made a proactive remedy offer to the US Department of Justice Antitrust Division regarding its impending acquisition of Willis Towers Watson (WTW), as it sought to get on the front-foot of negotiations.
2. Vantage Risk – set up to utilise ILS right from the beginning: CEO Hendrick
   Vantage Risk, the insurance and reinsurance start-up launched in time for the January renewals, was set up to use insurance-linked securities (ILS) capital and structures right from the start, co-founder and Chief Executive Officer (CEO), Greg Hendrick said during the SIFMA IRLS 2021 event.
3. “Significant increase” in litigated Florida claims in Q1: United (UPC)
   The litigation issue and resulting loss inflation and amplification continues for Florida homeowners’ insurers, with the latest report from United Insurance Holdings (UPC Insurance) suggesting that the issue is worsening in 2021.
4. Twelve Capital sees “once-in-a-decade” undervaluation of insurance equities
   Global insurance equities, so the shares (or stocks) of insurance and reinsurance companies around the world, are currently undervalued to a degree not see for a decade, presenting an attractive time to allocate to the market, investment manager Twelve Capital believes.
5. Climate change could take 18% off global GDP, warns Swiss Re
   Driving home the importance of climate risk mitigation, resilience building and also the role of insurance or reinsurance in providing climate risk transfer, global reinsurer Swiss Re warns that the world’s economy risks a significant hit as the climate changes.
6. Kettle hires Haddrell from Sompo Int. as Chief Underwriting Officer
   Kettle, a deep-learning and artificial intelligence (AI) focused reinsurtech start-up, has made a key hire as it builds out its reinsurance platform, appointing William Haddrell, formerly of Sompo International, as its Chief Underwriting Officer.
7. Not a supply driven hard market, further gains expected: Flandro, HX
   The current hardening of reinsurance rates is not being driven by any supply of capital related factors, unlike previous firming, which alongside a number of other catalysts means that further rate gains are to be expected, although it’s more challenging to tell how much, David Flandro of HX Analytics explained recently.
8. Hard market growth a catalyst for first catastrophe bonds: New sponsors
   Three new entrants to the catastrophe bond market all said that the current hardening reinsurance market growth opportunity has been a key driver for their sponsorship of a first cat bond transaction in 2020.
9. Aeolus hires Amit Patel from Aksia as Client Portfolio Manager
   Aeolus Capital Management Ltd., the Bermuda based reinsurance and insurance-linked securities (ILS) focused investment fund manager, has hired experienced alternative investments research and portfolio advisory specialist Amit Patel from Aksia LLC.
10. ILS investors to increasingly favour low severity risks: AM RE’s Zayicek
    Ernie Zayicek, Chief Operating Officer at AM RE Syndicate Inc., believes that the attritional, low severity types of risks offered by AM RE will become increasingly attractive to insurance-linked securities (ILS) investors over the coming years.

This is not every article published on Artemis during the last week, just the most popular among our readers over the last seven days. There were 37 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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