Best of Artemis, week ending 28th July 2019

Here are the ten most popular news articles, week ending 28th July 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 updates or get our email alerts for every article we publish.

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Ten most read articles on Artemis.bm, week ending 28th July 2019:

1. Markel to launch new retro ILS platform, wind down CATCo funds
   Markel Corporation said it is launching a new retrocessional reinsurance insurance-linked securities (ILS) fund platform, while at the same time announcing a winding down of the existing Markel CATCo fund operations.
2. Nationwide in first $10.73m Caelus Re V cat bond reinsurance recovery
   U.S. primary insurer Nationwide Mutual Insurance Company has made its first reinsurance recovery under the stricken Caelus Re catastrophe bond series, claiming $10.73 million from the highest risk Caelus Re V Ltd. (Series 2017-1) Class D tranche of notes.
3. Insured catastrophe losses in H1 2019 lowest since 2006 at $20bn: Aon
   Helping to boost reinsurance returns on equity (RoE), insured catastrophe losses have fallen to their lowest level seen since 2006 in the first-half of this year, according to broker Aon.
4. CEA takes on Wildfire Fund admin. Remit could see re/insurance bought
   The California Earthquake Authority (CEA) is gaining an expanded remit, as it is set to take on administrative responsibility for California’s recently approved $21 billion wildfire insurance fund.
5. Beazley sees tech + capital efficiency in smart tracker, but brokers hold it back
   Beazley continues to try and drive down the cost of re/insurance capital using its so-called ‘smart tracker’ special purpose arrangement (SPA) syndicate 5623, with digitalisation a goal to add further efficiency in the future.
6. New York’s climate change bill sets stage for risk transfer
   New York state has seen new legislation on climate change adaptation making rapid progress through lawmaking channels and the Climate Leadership and Community Protection Act includes signs that risk transfer is on the agenda.
7. RenRe took advantage of CATCo retro capacity pull-back: CEO, O’Donnell
   RenaissanceRe deployed more capacity into retrocession again at the recent mid-year reinsurance renewals, managing to provide continuity to some protection buyers that were missing the availability of Markel CATCo’s retro product.
8. Hiscox promotes Andrew Hughes to Managing Principal, Hiscox ILS
   Global insurance and reinsurance firm Hiscox has announced the promotion of Andrew Hughes to the role of Managing Principal, Hiscox ILS.
9. Travelers erodes 60% of aggregate retention, renews cat treaties at July
   U.S. primary insurer Travelers has experienced sufficient losses so far this year that on an aggregated basis have eaten around 60% of the way through the retention of its new $500 million aggregate reinsurance treaty.
10. Twelve Capital adds $400m to UCITS cat bond fund in 18 months
    Twelve Capital, the Zurich headquartered insurance and reinsurance linked investment fund manager, has now raised almost US $400 million for its UCITS catastrophe bond fund strategy in just 18 months.

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 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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