Best of Artemis, week ending 27th November 2016

Here are the ten most popular news articles, week ending 27th November 2016, 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.

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Ten most viewed articles on Artemis.bm, week ending 27th November 2016:

1. UK re/insurance market welcomes government’s draft ILS regulations
   The UK Government has now published its draft regulations for the facilitation of insurance-linked securities (ILS) business, with the goal of establishing London as an ILS domicile. The publication sets out proposed corporate, tax and regulatory framework for ILS, and has been well received by the London market.

2. Re/insurers continue disciplined response to market conditions
   Global insurers and reinsurers continue to walk way from business that is priced too low, as discipline remains paramount in the softening market cycle, and competition in the property catastrophe space and elsewhere persists.

3. Meteo Protect and BNP Paribas partner on weather risk transfer
   Meteo Protect, a weather risk management, data, pricing, broking and structuring firm has entered into a strategic partnership with banking group BNP Paribas to offer its corporate and institutional clients weather risk transfer products.

4. Protectionism hurts ability to close insurance coverage gap: Swiss Re
   Protectionist practices have a detrimental effect on the ability of the global insurance and reinsurance industry to close the protection gap between economic losses and those covered by insurance, according to reinsurer Swiss Re’s Chief Economist Kurt Karl.

5. Blue Capital reveals hurricane Matthew impact to reinsurance fund
   Blue Capital Management, the ILS and reinsurance linked asset management unit of Bermuda re/insurer Endurance, has revealed the impact to its London and Bermuda stock exchange listed reinsurance linked investment fund from catastrophes in October.

6. Blockchain needs standards in reinsurance: Swiss Re
   Global reinsurance firm Swiss Re said that the major players are aware of the need for standards in blockchain related technology initiatives and hence the Blockchain Insurance Industry Initiative (B3i) involving some of the world’s largest re/insurers is important.

7. UK ILS regs could add to reinsurance rate pressure: Peel Hunt
   The implementation of insurance-linked securities (ILS) regulation in the United Kingdom could result in increased opportunity for the capital markets to directly access insurance and reinsurance risk, resulting in increased pressure on pricing and rates, according to analysts.

8. ILS funds return 0.42% for October 2016 on hurricane Matthew losses
   Insurance-linked securities (ILS), pure catastrophe bond and reinsurance linked investment funds saw a below average return of 0.42% in October 2016, as the majority of hurricane Matthew losses were factored into monthly NAV’s.

9. CEA to get $500m of reinsurance with Ursa Re cat bond, priced at top-end
   The California Earthquake Authority’s (CEA) is set to achieve its $500 million of collateralized reinsurance protection upper target from the Ursa Re Ltd. (Series 2016-1) catastrophe bond transaction, but pricing has settled at the top end of guidance we’re told.

10. Re/insurance headwinds to persist, but growth expected in 2017: Swiss Re
    Global reinsurance giant Swiss Re has stressed that persistent headwinds continue to impact insurance and reinsurance markets around the world, but has noted that growth is expected in both emerging and advanced markets in 2017.

This is by no means every article published on Artemis during the last week, just the most popular, some of which were published over a week ago. There were 25 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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Artemis’ Q3 2016 Catastrophe Bond & ILS Market Report – Weather risk returns, private deals, market growth

We’ve now published our Q3 2016 catastrophe bond & ILS market report.

This report reviews the catastrophe bond and insurance-linked securities (ILS) market at the end of the third-quarter of 2016, looking at the new risk capital issued and the composition of transactions completed during Q2 2016.

Q3 saw $1.087 billion of risk capital issued from eight transactions, making it the third most active Q3 of the last decade in terms of deal volume, and one of the busiest in the market’s history in terms of number of deals. Strong investor appetite for cat bond and ILS investment saw the outstanding market size increase from the $25.174 billion recorded at the end of Q2, to $25.449 billion.

Download your copy here.