Best of Artemis, week ending 26th March 2017

Here are the ten most popular news articles, week ending 26th March 2017, 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.

Ten most viewed articles on Artemis.bm, week ending 26th March 2017:

1. As pressure proves unsustainable, reinsurance cycle set to change
   Pressure on reinsurance rates is unsustainable over the long-term, despite ceding companies desire to take advantage of soft market conditions A.M. Best believes, but the changes in buying and market dynamics are likely to result in a changed cycle.

2. Presence of ILS being felt in U.S. commercial property insurance: S&P
   The presence of institutional investor backed capacity from the capital markets, wielded by the world’s leading ILS fund managers is being felt in the U.S. primary commercial property insurance market, according to Standard & Poor’s.

3. Hannover Re shows even top reinsurers need efficient access to risk
   German reinsurance giant Hannover Re demonstrated today that even the largest firms need to continue building out platforms to provide efficient access to risk business, and that markets also remain a key piece of the reinsurance puzzle.

4. Securis SPS 6129 increases stamp capacity to $130m for 2017
   Securis Investment Partners has increased the size of its special purpose Lloyd’s of London syndicate 6129 joint venture so it can underwrite $130 million of U.S. excess and surplus lines property business in 2017.

5. Chubb’s reinsurance ceded to ABR Re jumps 144% to $280m in 2016
   Primary insurance and reinsurance group Chubb Ltd. dramatically increased its cessions of reinsurance premiums to total-return vehicle ABR Reinsurance Ltd. by 144% in 2016, ceding $288 million during the full-year.

6. Kilimanjaro II Re 2017 cat bond targets $600m of cover for Everest Re
   Global reinsurance specialist Everest Re is returning to the catastrophe bond market seeking $600 million or more of retrocessional protection split between two series of Kilimanjaro II Re Limited cat bonds, in 2017-1 and 2017-2 issues.

7. Are heads still in the sand on reinsurance pricing?
   Among traditional reinsurance players there still seems to be a tendency to believe that reinsurance pricing will bounce back just as soon as losses normalise, a view held by some of the largest reinsurers. Is this Ostrich syndrome, or wishful thinking?

8. Reinsurers lose 20% of market share to alternatives: Conning
   A new study from Conning found that reinsurance companies are under pressure from all angles alternative, with the capital markets, captives and government-sponsored entities all taking risk that was once their domain.

9. Leadenhall hires Adrian Mark from RMS as non-life analyst
   Specialist London headquartered insurance and reinsurance linked securities investment management firm Leadenhall Capital Partners has hired Adrian Mark as an Analyst within the ILS managers Non-Life Investments team.

10. $100m Pelican IV Re cat bond launched for Louisiana Citizens
    Louisiana Citizens Property Insurance Corporation is returning to the catastrophe bond market in 2017, with a $100 million Pelican IV Re Ltd. (Series 2017-1) transaction covering named storm risks across a three-year reinsurance term.

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 22 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 2016 Catastrophe Bond & ILS Market Report – Market reaches new heights

We’ve now published our Q4 2016 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 2016, looking at the new risk capital issued and the composition of transactions completed during Q4 2016.

Q4 saw $2.13 billion of risk capital issued from six transactions, exceeding the ten-year average for the quarter by approximately $337 million. Strong investor and sponsor appetite throughout 2016 helped the market end the year at a new record size, of $26.82 billion.

Download your copy here.