Here are the ten most popular news articles, week ending 28th March 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 28th March 2021:
- First volcanic eruption cat bond issued for the Danish Red Cross
The very first catastrophe bond covering pure volcanic eruption risk has now been completed, with a $3 million privately placed issuance brought to market by Replexus and Howden Capital Markets and backed by leading cat bond investors for the Danish Red Cross.
- ILS market COVID-19 losses “kicked down the road”, AM Best warns
The fact cedents allowed insurance-linked securities (ILS) capital to be rolled over into reinsurance renewals rather than trapping it for potential losses from the pandemic, for the ILS market “amounts to kicking the can down the road for COVID-19-related losses,” according to AM Best.
- TransRe’s outgoing CEO Sapnar said heading to Stone Ridge
Mike Sapnar, the outgoing CEO of global reinsurance group TransRe, is heading for a new role at Stone Ridge Asset Management, the New York based asset manager with a focus on alternative risk premia strategies, according to sources and reports.
- US deep freeze looks like $10bn to $12bn property cat loss: Albertini, Leadenhall
February’s deep freeze and winter storm catastrophe event looks set to drive a property catastrophe reinsurance market loss of somewhere in a range from $10 billion to $12 billion, Leadenhall Capital Partners CEO Luca Albertini believes.
- RMS to incorporate climate change into its catastrophe risk models
Catastrophe risk modelling firm RMS is set to incorporate climate change more fully into its main suite of risk models, with climate change models expected for the RMS North Atlantic Hurricane, Europe Inland Flood and Europe Windstorm models by June.
- Global re/insurer capital raising since pandemic approaches $26bn: Willis Re
Global insurance and reinsurance capital raising by traditional companies is now approaching $26 billion, according to the latest analysis from broker Willis Re.
- AXA re-hires de Courtois as Deputy CEO, to lead Ceded Reinsurance
Global insurance and reinsurance group AXA has announced that Frédéric de Courtois will be rejoining the company as Deputy CEO and will take charge of its Ceded Reinsurance function.
- The Hartford rejects Chubbs acquisition offer
The Board of insurer The Hartford has rejected the acquisition offer made recently by larger rival Chubb, saying that its Board concluded that the deal was not in the best interests of the company and its shareholders.
- AIG names Rocha & Klaus to senior reinsurance leadership roles
American International Group (AIG) has made two senior reinsurance related appointments, as it continues to underline the importance of reinsurance on both inwards and outwards sides of its book.
- IAG highlights agg erosion, as Australia flood claims pass A$385m
The severe flooding and storms affecting parts of Australia have already been counted to have driven insurance claims amounting to A$385 million and this number will rise significantly.
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 38 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.
Get listed in our MarketView directory of professionals.