Best of Artemis, week ending 27th May 2018

Here are the ten most popular news articles, week ending 27th May 2018, 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 27th May 2018:

1. As challenging today as it was 20 years ago: Frank Majors, Nephila
   Over the last two decades Nephila Capital has become the world’s largest insurance-linked securities (ILS) fund manager. While the industry has taken positive strides in this period, there are just as many challenges today as there was 20 years ago, but change is coming, according to the firm’s co-founder and principal, Frank Majors.

2. Capital markets gain increasing reinsurance influence: Aon
   The capital markets are becoming increasingly influential in reinsurance, according to broker Aon Benfield, who recognises that the growth achieved by insurance-linked securities (ILS) specialists puts them on an ever more even footing with traditional reinsurers.

3. Marsh, Munich Re & Metabiota launch parametric pandemic insurance
   Global broker and risk consultancy Marsh has launched PathogenRX, an insurance product designed to protect businesses against pandemic risks such as the outbreak of infectious diseases, that utilises a parametric trigger provided by epidemic risk modeling specialists Metabiota and capacity from reinsurance giant Munich Re.

4. Silent cyber in Petya loss shows need for dead cat trades: PCS’ Johansmeyer
   The insurance and reinsurance industry loss from the Petya / NotPetya cyber attack is escalating far beyond the level initially assumed possible, thanks to silent cyber exposure, demonstrating there is a need for a cyber dead cat trading market, according to Tom Johansmeyer, Co-Head, PCS Strategy & Development at ISO.

5. Mid-year renewals may be flat, Jan 2019 could see return of pressure: Analysts
   Equity research analysts from Morgan Stanley and JMP Securities both expect that the mid-year reinsurance renewals at June and July 1st will see prices largely flat, but with some pockets of loss affected accounts up a few percentage points, which is far from the rate environment that had been hoped for.

6. “Ring of Fire” severe convective storms to drive $2.5bn insured loss: KCC
   A recent outbreak of severe convective storm weather, so featuring tornadoes, severe thunderstorms, large hail and strong winds, which has been dubbed the “Ring of Fire” is expected to result in insurance and reinsurance industry losses of $2.5 billion, by catastrophe modellers Karen Clark & Company.

7. RFIB owner rebrands, sees insurtech & ILS opportunity, adds Guernsey PCC
   The owner of private equity backed international insurance and reinsurance broker RFIB Group Ltd. is rebranding to Risk Transfer Group (RTG), as part of a strategy to double revenues in three years, to include setting up a Guernsey protected cell company (PCC) and recognising that combining InsurTech and the capital markets is a significant opportunity.

8. World Bank PEF disburses $12m for Congo Ebola response, as cases rise
   The World Bank’s Pandemic Emergency Financing Facility (PEF) has made its first cash disbursement, providing a $12 million grant to assist in the response to the recent Ebola virus outbreak in the Democratic Republic of Congo, as the number of cases and deaths reported by the World Health Organisation (WHO) rises.

9. 2018 hurricane season forecast as normal or above-normal by NOAA
   The 2018 Atlantic hurricane season is expected to be characterised by activity levels that are either normal or above-normal, by the U.S. National Oceanic & Atmospheric Administration (NOAA), which forecasts 10 to 16 named tropical storms, 5 to 9 hurricanes and 1 to 4 major hurricanes during the season ahead.

10. Youi returns for Eclipse Re powered collateralized reinsurance renewal
    Australia and New Zealand homeowner and motor insurer Youi is returning to the capital markets for the fourth year in succession, as it seeks a 2018 renewal for its now regular collateralized reinsurance note placement, again with the help of Rewire Holdings and Horseshoe Re.

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 27 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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