Best of Artemis, week ending 27th June 2021

Here are the ten most popular news articles, week ending 27th June 2021, 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 June 2021:

1. Inflation to “sharply increase” hurricane claims costs, warns Swiss Re
   Swiss Re has warned that insurance and reinsurance firms will face increased indemnity costs after land-falling hurricanes in the United States this year, as inflationary factors are set to drive claims amounts higher.
2. UCITS cat bond funds growing fast. Schroders overtakes GAM as largest
   UCITS catastrophe bond funds as a group have increased their assets significantly over the last year, with accelerated growth of the cat bond market and rising interest in ILS investments helping to propel the UCITS cat bond funds we track to asset growth of roughly 58% in just one year.
3. Aon & WTW “surprised” by DoJ lawsuit. Gallagher ready to snap up divestitures
   According to a report, insurance and reinsurance giant Aon and its acquisition target Willis Towers Watson (WTW) were both “surprised” by the US Department of Justice (DoJ) filing a lawsuit to try and block their merger.
4. CFC gets ILS & pension fund backing for Syndicate 1988 launch
   Specialist cyber focused underwriter CFC has announced that backing for its newly launched Lloyd’s Syndicate 1988 includes an insurance-linked securities (ILS) fund, a large pension fund, and also reinsurance firms based in Bermuda, Cayman and Japan.
5. State Farm sponsors a second, $300m Merna Re cat bond of 2021
   Further demonstrating how attractive the catastrophe bond market is for sponsors right now, US primary insurance giant State Farm has returned to the 144A catastrophe bond market for its second issuance in just two months, completing a $300 million Merna Re II Ltd. (Series 2021-2) deal in recent days.
6. Everest Re targets “significant” Mt. Logan growth, expanded ILS capital use: CEO
   Everest Re is aiming to expand its access to third-party and alternative sources of reinsurance capital, with growth of its Mt. Logan Re sidecar-like structure seen as a key strategic opportunity, according to its CEO.
7. Lockton Re hires Aon’s Jeremy England Lee to retro team
   Global reinsurance broker Lockton Re, part of the independent Lockton broking group, has announced the hiring of retrocession specialist broker Jeremy England Lee from rival Aon.
8. Capital the “entry ticket” not the main value proposition: Mumenthaler, Swiss Re CEO
   While capital has become more abundant, fungible and cheaper as a result over the last decade, it remains important as the “entry ticket” to the world of insurance and reinsurance, but it is no longer the main value proposition, Swiss Re CEO Christian Mumenthaler said today.
9. World Bank climate change plan highlights cat bonds & risk transfer
   The World Bank Group announced its new Climate Change Action Plan, featuring a range of commitments to ramp up and deliver record levels of climate finance, while catastrophe bonds, disaster risk financing and insurance against climate risk are also mentioned as key elements of the plan.
10. Swiss Re targets $75m Vita Capital VI mortality cat bond
    Global reinsurance company Swiss Re is back in the capital markets in search of protection for its life reinsurance business, with a new Vita Capital VI Limited (Series 2021-1) mortality catastrophe bond deal that aims to secure $75 million or more of extreme mortality protection.

This is not every article published on Artemis during the last week, just the most popular among our readers over the last seven days. There were 32 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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