Best of Artemis, week ending 2nd August 2020

Here are the ten most popular news articles, week ending 2nd August 2020, 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 2nd August 2020:

1. COVID-19 insured loss reports reach $21.5bn
   Reported insured losses and reserve setting related to the COVID-19 coronavirus pandemic have now reached $21.5 billion, according to data collected by advisory PeriStrat LLC and augmented by our own research.
2. Swiss Re: Covid not a big event for sidecar, aims to expand ILS activity
   Global reinsurance firm Swiss Re expects that while it seems that some losses from the Covid-19 pandemic could fall to its quota share sidecar investors, the amount won’t be significant.
3. RSA puts reinsurers on-watch over Covid-19 claims aggregation
   RSA Group, the UK based insurance group, has warned reinsurers signed up to its Group Volatility Cover (GVC) and catastrophe reinsurance that it hopes to be able to pass on Covid-19 pandemic related losses, above certain levels, to each of those programs.
4. Broker revenues reflect the firming. But what of the value in the chain?
   In reporting their results last week, two of the largest reinsurance brokers displayed growth in revenues and business opportunities in the current firming market conditions, which suggests their profits should increase further over the coming months, as the benefits of harder reinsurance rates globally begin to flow through to their bottom-lines.
5. California Wildfire Fund shies away from reinsurance pricing at renewal
   Quotes received from the reinsurance market at the mid-year renewals did not deliver on the pricing and structure that was sought for the California Wildfire Fund, resulting in the purchase of risk transfer not being completed.
6. PartnerRe appoints Jacques Bonneau to CEO role, as Clarke departs
   PartnerRe, the Bermuda headquartered and EXOR owned reinsurance company, has appointed a new President and CEO in industry veteran Jacques Bonneau, who was most recently Group Chief Underwriting Officer at Chubb.
7. US thunderstorms dominate $27bn H1 insured disaster losses: Munich Re
   Severe thunderstorms, or convective weather, in the United States has dominated insured natural disaster losses for the first-half of 2020, according to reinsurance firm Munich Re.
8. Apollo hits record $414bn AuM thanks to insurance deals & ACRA
   We often discuss the investing fire-power that insurance and reinsurance deals bring to major players, such as Warren Buffett’s Berkshire Hathaway. But, perhaps the real lead example of insurance related investment float accumulation is Apollo Global Management, Inc.
9. Markel expects settlement with ex-CATCo CEO Belisle in Q3
   Markel Corporation is expecting to settle the binding arbitration case between it and the former Markel CATCo CEO Tony Belisle during the third-quarter of the year, putting another piece of the legal saga behind it.
10. Some ILS funds see adverse typhoon Hagibis development in June
    A handful of insurance-linked securities (ILS) funds invested into collateralised reinsurance positions have experienced some further adverse development related to 2019’s Japanese typhoon Hagibis in June, we understand.

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 37 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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