Best of Artemis, week ending 29th September 2019

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

1. Lloyd’s launches parametric policy with no named perils required
   Lloyd’s has developed a new parametric insurance policy for the hotel industry with a trigger that does not require a named peril to have occurred, rather paying out based on a decline in revenues being recorded.
2. Reinsurance buyers say Tremor saved them time & money: RVS panel
   A pair of senior reinsurance buyers agreed that using the programmatic reinsurance risk placement marketplace of Tremor Technologies, Inc. helped them to save time and money, making the process more efficient.
3. Parametric ILS “vital” to reduce protection gaps, increase resilience: Mark Carney, Bank of England
   Mark Carney, the Governor of the Bank of England, discussed the role of insurance and reinsurance technology as an essential financial took to smooth the world’s transition to a 1.5 degree world and highlighted the role of insurance-linked securities (ILS) within that.
4. Coca-Cola pension fund ILS allocation shrank almost 30% in 2018
   Beverage giant The Coca Cola Company’s allocation to insurance-linked securities (ILS) investments from its pension fund shrank by just under 30% in 2018, which is likely due to losses suffered in the sector after major catastrophe events.
5. Hudson Structured raises $300m from Indiana & Maryland state pensions
   Hudson Structured Capital Management Ltd., the insurance-linked securities (ILS), reinsurance and transportation focused investment manager that undertakes its insurance investment business as HSCM Bermuda, has raised new capital from two U.S. state retirement system pension funds in recent months.
6. We’re all in on ILS, because it’s the future: Markel Co-CEO Whitt
   Speaking yesterday to an audience at the InsureTech Connect conference in Las Vegas, Markel Co-CEO Richard Whitt explained that his company is going all in on insurance-linked securities (ILS).
7. Dorian & Faxai may partially erode some ILS deductibles: Twelve Capital
   Reflecting on the potential impacts from recent catastrophe events to insurance-linked securities (ILS) and collateralised reinsurance investments, specialist ILS fund manager Twelve Capital warns that together hurricane Dorian and typhoon Faxai might erode some underlying protective layers.
8. Typhoon Faxai insured loss $5bn to as much as $9bn: RMS
   Catastrophe risk modelling specialist RMS has estimated that the insurance and reinsurance market faces an industry loss of between $5 billion and $9 billion from recent typhoon Faxai in Japan.
9. Coalition for Climate Resilient Investment targets resilience bonds
   A newly launched Coalition for Climate Resilient Investment is set to bring together significant investment and risk industry expertise, with goals including to properly price climate risk, align investment flows with resilience initiatives and to introduce resilience bonds.
10. PCS to track Typhoon Faxai loss, first new catastrophe under Japan service
    Following the impacts of Typhoon Faxai on Japan, Property Claim Services (PCS) told us that it has designated Faxai as the first new catastrophe loss event it will track and report on under its PCS Japan service.

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 23 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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