Best of Artemis, week ending 27th December 2020

Here are the ten most popular news articles, week ending 27th December 2020, 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.

Ten most read articles on Artemis.bm, week ending 27th December 2020:

1. 2020 catastrophe bond & related ILS issuance exceeds $16bn
   The catastrophe bond and related insurance-linked securities (ILS) has passed another milestone, as Artemis’ data on the cat bond and ILS marketplace will count over $16 billion of annual issuance for the very first time in 2020.
2. Hudson Structured behind $200m target re/insurance SPAC Kairos
   Hudson Structured Capital Management Ltd. has entered the Special Purpose Acquisition Company, or SPAC marketplace, with a new insurance, reinsurance and insurtech focused company named Kairos Acquisition Corp. that will target raising $200 million or more in its initial public offering (IPO).
3. Bermuda’s new ISAC an all-in-one underwriting & ILS fund structure
   New Incorporated Segregated Accounts Companies (ISAC) available under Bermuda law and regulation, will enable insurance-linked securities (ILS) managers, or investors, to operate both underwriting and investment fund activities within a single company structure.
4. Brazil formalises ILS and special purpose reinsurance vehicle rules
   Brazil has now published its awaited rules on insurance-linked securities (ILS) issuance and special purpose reinsurance vehicles, which are due to come into force from January 4th 2021 bringing domestic ILS capabilities to its marketplace.
5. Swiss Re registers 1863 Re as an SPI in Bermuda for its ILS fund venture
   Swiss Re, the global reinsurance company, has registered a special purpose insurer (SPI) in Bermuda which will presumably act as an underwriting vehicle for its recently established dedicated ILS fund, the Core Nat Cat Fund under 1863 Fund Ltd.
6. ESG in the ILS & Catastrophe Bond Market – Roundtable
   This roundtable discussion was convened by specialist insurance-linked securities (ILS) and catastrophe bond investment manager Plenum Investments and moderated by Artemis in December 2020.
7. Alternative capital’s return to growth may be slow to develop: RBC analysts
   The alternative reinsurance capital and insurance-linked securities (ILS) sector may return to growth in 2021, but it may be slower than some expect, according to analysts at RBC Capital Markets.
8. Hannover Re’s “pivotal” retro program praised by AM Best
   Global reinsurance firm Hannover Re had its ratings affirmed by AM Best yesterday and the agency cited the companies retrocession program as “pivotal” to its success.
9. Florida carrier performance worsens in 2020, even though hurricanes missed
   Florida’s homeowner’s insurance carriers are struggling with their performance in 2020 and reporting significantly elevated combined ratios despite the fact this year’s hurricane activity largely avoided the State.
10. Quota share & ILW use rises in Bermuda, ILS use flat
    The latest catastrophe risk stress testing analysis by the Bermuda Monetary Authority (BMA), of its property and casualty insurance and reinsurance market, shows up some interesting trends in the use of specific types of hedging, reinsurance and retrocession arrangements.

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 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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