Best of Artemis, week ending 26th May 2019

Here are the ten most popular news articles, week ending 26th May 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 viewed articles on Artemis.bm, week ending 26th May 2019:

1. ILS manager Coriolis Capital acquired by SCOR Investment Partners
   One of the longest-standing insurance-linked securities (ILS) fund managers Coriolis Capital Limited has been acquired by SCOR Investment Partners, the investment arm of reinsurance giant SCOR.
2. Tremor places world’s first programmatic parametric swap transaction
   Another first has been achieved by Tremor Technologies, Inc., the programmatic reinsurance risk placement marketplace provider, as the firm priced and placed the first ever programmatic parametric swap transaction in insurance form.
3. Twelve Capital uses machine learning to enhance understanding of hurricane risk
   Investment in technology is key for insurance-linked securities (ILS) managers looking to deliver high-performing portfolios of insurance and reinsurance linked investments, according to Twelve Capital.
4. Alternative capital’s importance evident in loss payments: Swiss Re
   Alternative reinsurance capital is playing an increasingly important role in the global re/insurance market, according to Swiss Re, which recognises that it has helped to curb volatility in the marketplace and is paying an increasing share of global losses.
5. Security First prices $100m First Coast Re II Pte cat bond in Singapore
   Florida based primary insurer Security First Insurance Company is set to be the beneficiary of the first full 144A catastrophe bond to be issued in Singapore, as a $100 million First Coast Re II Pte. Ltd. (Series 2019-1) transaction has now been priced and is set for completion.
6. First PCS triggered Japan ILW brokered by Willis Re
   Property Claim Services (PCS) industry loss data aggregation and index reporting services for non-marine catastrophe losses in Japan has already been used for an industry loss warranty (ILW).
7. Brit’s Sussex Capital targets doubling of premiums, ~$250m AuM in 2019
   Specialty insurer and reinsurer Brit Ltd. has targeted a doubling of written premiums for its Sussex Capital collateralised reinsurance fund platform in 2019, which would equate to growth to around $250 million of assets under management.
8. Nephila worked with Allianz on GrainCorp weather risk hedging
   Nephila Capital, the world’s largest asset manager of insurance-linked securities (ILS) and other catastrophe or weather linked reinsurance instruments, was involved in work to help Australian agribusiness GrainCorp.
9. RenRe may raise new third-party capital for June 1st: CEO Kevin O’Donnell
   RenaissanceRe sees the potential to raise new third-party reinsurance capital for the June 1st renewals, as its view of the market particularly in retrocession suggests profitable opportunities will be available, CEO Kevin O’Donnell explained recently.
10. Akibare Re 2016-1 cat bond set for 100% loss of $200m principal
    Mitsui Sumitomo Insurance has raised its estimate of losses from Japanese typhoons that struck in 2018, which has driven the qualifying aggregate loss amount under the terms of its $200 million catastrophe bond Akibare Re Ltd. (Series 2016-1) over the exhaustion point.

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 26 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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