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Best of Artemis, week ending 29th December 2019


Here are the ten most popular news articles, week ending 29th December 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, week ending 29th December 2019:

  1. Institutional investors backing ILS call for climate action
    The world’s largest institutional investors are increasingly vocal about the need to accelerate efforts to tackle the climate crisis, with many of the same group also contributing a significant proportion of the insurance-linked securities (ILS) market’s capital base.
  2. RenRe lifts Mona Lisa Re 2020 cat bond target by 80% to $450m
    Bermuda-headquartered global reinsurance firm RenaissanceRe has raised the target size for its new Mona Lisa Re Ltd. (Series 2020-1) catastrophe bond transaction by 80%, with the issuance now aiming to secure up to $450 million of retrocession for the company.
  3. Japan typhoon Faxai, Hagibis & rainfall claims reach $6.83bn: GIAJ
    The General Insurance Association of Japan (GIAJ) has updated its numbers on recent catastrophes, now saying that domestic insurers in the country have paid out US $6.83 billion in claims for typhoon Faxai, typhoon Hagibis and a heavy rainfall event that closely followed these storms.
  4. ILS NYC 2020: Neuberger Berman & Markel speakers join
    As year-end approaches, there isn’t long to go until our next insurance-linked securities (ILS) conference in New York, Artemis ILS NYC 2020. This is our latest speaker announcement. Please register soon to secure your ticket to attend.
  5. OMERS pension fund bets on run-off, taking 40% stake in RiverStone
    The Ontario Municipal Employees Retirement System (OMERS), one of Canada’s largest pension funds, has again demonstrated its liking for insurance and reinsurance linked returns, by taking a 40% stake in run-off and legacy specialist firm RiverStone UK.
  6. Sierra parametric quake cat bond successfully upsized 50% to $225m
    The innovative Sierra Ltd. (Series 2019-1) catastrophe bond transaction, that is designed to provide parametric U.S. earthquake protection to an investment manager’s portfolio of mortgage related securities, has successfully upsized by 50% to reach $225 million for the sponsor.
  7. Philippines fails to secure state asset & infrastructure reinsurance
    The government of the Philippines has failed to secure the necessary bids for reinsurance support to cover roughly US $19.6 of state assets and infrastructure, according to a report.
  8. Nationwide receives fifth loss payment under Caelus Re V cat bond
    Nationwide Mutual Insurance Company, the U.S. primary insurer, has benefited from another almost $8.5 million loss payment under its Caelus Re V Ltd. (Series 2017-1) Class D tranche of catastrophe bond notes, as reinsurance recoveries from that transaction continue.
  9. Loss buffer table negotiations a key feature of 2020 renewals
    Negotiations over details of loss buffer tables is becoming a key feature of all reinsurance and retrocession renewals for providers of collateralised sources of capacity, such as ILS funds and investors.
  10. Munich Re lists $54.6m Eden Re sidecar tranche, preps Leo Re renewal for PGGM
    Global reinsurance firm Munich Re is in the midst of issuing its collateralised reinsurance sidecar arrangements for 2020, with the first $54.6 million tranche of Eden Re II Ltd. Series 2020-1 notes and the first slice of a Leo Re Ltd. 2020-1 private sidecar arrangement for Dutch pension fund investor PGGM.

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 13 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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