Last weeks news was dominated by the Moore, Oklahoma tornado event which is set to become one of the largest catastrophe insured loss events of 2013 so far. As always, you can read every market news story and article here on the Artemis news blog, subscribe to our 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 26th May 2013:
- Insured losses from Moore, Oklahoma tornado could surpass Joplin
The tornado which struck the Oklahoma suburban town of Moore on the 20th of May looks likely to become the largest single catastrophe insured loss event of the year on U.S. soil.
- Oklahoma tornado may cause catastrophe bond price movements
The tornado which struck Moore, Oklahoma yesterday, causing many fatalities and devastating a wide swathe of Oklahoma’s suburbs, could result in a reaction in the secondary catastrophe bond market, according to investors.
- Alternative reinsurance capital could capture 30% of mid-year renewals
A report, published by the North America research team of financial services and investment banking firm Morgan Stanley, suggests that the mid-year reinsurance renewals could see the participation of alternative reinsurance capital grow to as much as 30%.
- ILS Capital Management to expand into specialty reinsurance-linked investments
Bermuda based specialist insurance-linked securities and collateralized reinsurance investment manager ILS Capital Management, Ltd. has announced an expansion to its strategy as it intends to begin investing in specialty reinsurance contracts.
- New inflows and return of generalist investors aiding ILS market growth
According to a report, new capacity is helping to drive forward the ILS, cat bond and collateralized reinsurance sectors growth, with the two key sources of this growing third-party reinsurance capacity being new inflows to existing ILS specialist investment managers coupled with the return of generalist investors.
- LGT collaborates on recent private catastrophe bond transaction
According to a recently published update LGT Insurance-Linked Strategies, the insurance-linked securities and reinsurance-linked investment manager, has participated in another private catastrophe bond transaction.
- Willis seeks to grow re/insurance capital markets activity in Asia with new hire
Willis Group is seeking to increase its activity in the Asia regions capital market and investment banking focused segment of the re/insurance markets with the announcement of a new hire to its Willis Capital Markets & Advisory (WCMA) division.
- DCG Iris insurance-linked securities fund adds over £9m in latest share placement
The DCG Iris insurance-linked securities fund has issued 9,174,000 new Sterling Shares at a price of 101.12 pence per share as it closes its latest round of fund-raising.
- Over $7 billion ILS and cat bonds listed on Bermuda Stock Exchange for first time
The total volume of insurance-linked listings, including catastrophe bonds and reinsurance-linked investment funds, on the Bermuda Stock Exchange (BSX) has grown by $1.25 billion through the start of 2013 to now stand at just over $7.06 billion.
- Residential Re 2013 cat bond prices at low end of reduced guidance
The Residential Reinsurance 2013 Ltd. (Series 2013-1) catastrophe bond, the 20th Res Re cat bond deal from prolific sponsor the U.S. primary insurer and military focused mutual insurer USAA, has now priced.
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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