Best of Artemis, week ending 25th March 2018

Here are the ten most popular news articles, week ending 25th March 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 25th March 2018:

1. Business as usual is not sustainable, says Lloyd’s Chairman
   If you thought that the Lloyd’s of London insurance and reinsurance market had changed in the last decade, it’s likely nothing compared to the change we will see over the coming years, as the world’s oldest re/insurance market accepts the fact its model has become unsustainable.

2. The reinsurer of the future is here today, but costs still need to be cut
   The reinsurance company of the future is one which has access to both a traditional balance-sheet as well as alternative capital, and is sophisticated enough to recognise when there are sources of capital with a lower-cost than its own, that can be deployed to the benefit of its clients.

3. Arch’s Freddie Mac mortgage risk deal. A glimpse of the future?
   Bermudian insurance and reinsurance firm Arch Capital announced an interesting arrangement with the U.S. mortgage insurer Freddie Mac this week, which will position the re/insurer as an intermediary of sorts, channeling mortgage credit and insurance related risks back to a panel of reinsurance capital providers.

4. Munich Re sees opportunities to scale-up relationship with ILS
   The world’s largest reinsurance firm Munich Re sees opportunities to scale-up its relationship with ILS and the capital markets as a way to secure efficient retrocession for its own book, to help its clients access investor-backed capacity and to earn fees by providing services to the ILS sector.

5. Hudson Structured and Everest Re announce strategic relationship
   Insurance-linked securities (ILS), reinsurance and transportation investment manager, Hudson Structured Capital Management Ltd. has entered into a strategic relationship with reinsurer Everest Re that will see it invest across several Hudson funds as the pair co-operate on a number of fronts.

6. Artemis ILS NYC 2018 – post-conference report
   Welcome to the Artemis ILS New York 2018 post-conference report, which provides insight into some of the debates that took place between speakers and attendees during Artemis’ second event in the United States.

7. No significant changes to XL’s reinsurance business after AXA deal: Cooper
   The market should not expect any “significant changes” to the reinsurance business of Bermudian re/insurer XL Group after the acquisition by French giant AXA is completed, according to CEO of Reinsurance Charles Cooper in a letter to the firms broker community.

8. Lloyd’s positive on UK ILS, but warns will exacerbate price pressures
   Executives from Lloyd’s of London said today that they welcome and want to work with the UK Government’s new insurance-linked securities (ILS) regulatory and tax framework, but at the same time warn that the UK ILS regulation is actually likely to increase the price pressures that its market participants face.

9. Not an asset manager, but generating “substantial” fees: Benchimol, AXIS
   AXIS Capital Holdings is not an asset manager, CEO Albert Benchimol said recently, but the firm is making “substantial fees” for managing and deploying third-party capital into its reinsurance underwriting business.

10. Climate change presents both P&C threat & opportunity: Moody’s
    Climate change will create challenges and also opportunities for the property & casualty insurance and reinsurance industry, according to rating agency Moody’s. However the threats presented by a changing climate are likely greater and Moody’s says this has a “net negative credit impact on the industry.”

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 23 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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