Best of Artemis, week ending 27th October 2019

Here are the ten most popular news articles, week ending 27th October 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 updatesor get our email alerts for every article we publish.

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Ten most read articles on Artemis.bm, week ending 27th October 2019:

1. Dallas tornado insured loss said $2bn, costliest ever Texas outbreak
   The insurance and reinsurance industry loss from the recent tornado outbreak in the Dallas, Texas region is now estimated to have cost the market around $2 billion, making it the costliest tornado outbreak in Texas history.
2. Report: Artemis Monte Carlo Rendezvous Executive Roundtable 2019
   Welcome to the fourth Artemis Monte Carlo Reinsurance Rendezvous Roundtable, in which participants from across the insurance, reinsurance, and insurance-linked securities (ILS) market discussed a range of industry topics and trends.
3. Typhoon Hagibis industry loss estimated from $8bn to $16bn: AIR
   Typhoon Hagibis is estimated as likely to cause an insurance and reinsurance market loss somewhere in a range from $8 billion to as much as $16 billion, by AIR Worldwide.
4. Hagibis flood loss alone could reach $10bn, retro ILS most at risk: Twelve Capital
   Industry losses from the flood driven damage of typhoon Hagibis could reach into the double-digit billion dollar range, according to ILS manager Twelve Capital, who also highlighted that in the ILS market it is collateralised retrocession that appears most at risk of performance impacts.
5. Reinsurance rate rises to accelerate at Jan renewals: A.M. Best
   Reinsurance rate increases are expected to accelerate at the all-important January 2020 contract renewals, as well as and perhaps even more so at April 1st, following the impacts of recent Japanese typhoons and hurricane Dorian this year, A.M. Best says.
6. Travelers cat losses nearing $500m aggregate reinsurance trigger
   U.S. primary insurer Travelers catastrophe and severe weather losses have now eaten 92% of the way through the $1.3 billion retention sitting beneath the insurers new $500 million aggregate reinsurance cover.
7. NZ Gov Super Fund says ILS still “appropriate to objectives” despite losses
   The Government Superannuation Fund Authority of New Zealand, an autonomous entity that manages the pension assets of state sector employees, said that its allocations to insurance-linked securities (ILS) remain “appropriate to objectives” despite having fallen to a negative return in the last year.
8. USAA launches 34th cat bond, a $150m Residential Re 2019-2 multi-peril deal
   USAA is returning to the capital markets for what will be its 34th time sponsoring a catastrophe bond, bringing a new multi-peril Residential Reinsurance 2019 Limited (Series 2019-2) deal to market in search of at least $150 million of collateralised reinsurance protection.
9. Jamaica gets cat bond premium support from the World Bank
   Jamaica’s mission to secure catastrophe bond coverage as part of its disaster risk financing plan continues, with progress being made in terms of risk modelling while the World Bank has funded the country to help in paying cat bond premiums to investors.
10. Stone Ridge’s Longtail reinsurance platform continues to take shape
    Stone Ridge Asset Management, the New York based mutual fund manager with a focus on alternative risk premia strategies including reinsurance and insurance-linked securities (ILS), continues to work on the establishment of its new Longtail reinsurance platform.

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 31 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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