Best of Artemis, week ending 25th August 2019

Here are the ten most popular news articles, week ending 25th August 2019, 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 read articles on Artemis.bm, week ending 25th August 2019:

1. Swiss Re cedes more of its catastrophe risks to retro in 2019
   Reinsurance giant Swiss Re has been expanding its natural catastrophe risk underwriting in recent months, but along with this has ceded roughly 4% more of its catastrophe risk exposure to sources of retrocession, compared to the prior year.
2. Cat bond & related ILS risk capital outstanding hits $40bn for first time
   The outstanding market for catastrophe bonds and related insurance-linked securities (ILS) has grown significantly in 2019 so far, passing $40 billion for the first time according to our data, as interest in mortgage ILS offset slower natural catastrophe bond issuance.
3. Guy Carpenter wins California Wildfire Fund reinsurance program
   Reinsurance broker and advisor Guy Carpenter has been selected as the sole reinsurance and risk transfer intermediary for the recently established California Wildfire Fund, which is administered by the California Earthquake Authority (CEA).
4. Jebi above 1-in-40-year loss, development could continue: S&P
   Typhoon Jebi’s impacts on the global insurance and reinsurance market is already above the 1-in-40-year loss level, according to estimates from S&P Global Ratings, who also warn that further material developments cannot be ruled out.
5. CFAN forecasts 8 hurricanes, 2 U.S. landfalls, 1 Florida landfall in 2019
   Having proved correct in forecasting that El Niño conditions would weaken and transition to ENSO neutral by peak hurricane season this year, Climate Forecast Applications Network (CFAN) has now raised its forecast for the 2019 Atlantic hurricane season, now expecting 8 hurricanes to form.
6. Analytics unlock tangible value, says Swiss Re (for ILS funds too)
   The use of advanced technology and data analytics can bring multiple benefits to insurance and reinsurance firms, according to Swiss Re, which we would add holds true also for insurance-linked securities (ILS) players.
7. FHCF renews reinsurance at flat pricing, using more third-party capital
   The Florida Hurricane Catastrophe Fund (FHCF) has renewed its reinsurance program at a slightly smaller size of $920 million, but with flat pricing and insurance-linked securities (ILS) players taking a slightly larger share in 2019.
8. Firm reinsurance rates to persist through January 2020 renewal: Fitch
   The firm(er) reinsurance market conditions seen of late are expected to persist through the key January 2020 renewals, according to analysts at Fitch Ratings.
9. Risk managers & C-Suite lack understanding of parametric risk transfer
   The insurance and reinsurance industry has much more to do to promote parametric risk transfer and other alternative risk strategies, as both risk managers and the C-Suite of major corporations lack a clear understanding of its benefits.
10. World Bank links catastrophe & pandemic risk finance for the Maldives
    The World Bank has delivered the first of a new combined catastrophe and pandemic contingent risk financing solution to the Maldives, leveraging existing structures to create something responsive and that works similar to insurance for the archipelagic nation.

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 25 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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