Best of Artemis, week ending 2nd June 2019

Here are the ten most popular news articles, week ending 2nd June 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 viewed articles on Artemis.bm, week ending 2nd June 2019:

1. Peru’s World Bank cat bond could be triggered by M8.0 earthquake
   A magnitude 8.0 earthquake that struck Peru on Sunday 26th May, could trigger the IBRD CAR 120 catastrophe bond, which was part of the Pacific Alliance issuance. A 30% loss of principal is possible, with a decision expected within 20 days of the quake.
2. TSR raises Atlantic hurricane forecast to 6, UK Met goes higher at 7
   The final updates to forecasts for the 2019 Atlantic Hurricane Season are coming in thick and fast now, with updates from Tropical Storm Risk (TSR) and the UK Met Office now raising the average forecast for the season slightly.
3. Florida renewal stand-off persists, but 15%-20% price rise expected: Analysts
   A surprisingly high proportion of Florida reinsurance renewals remain incomplete, as reinsurance and ILS markets remain at odds with broker and cedent terms and pricing ambitions, while a contraction in retrocession capacity also exacerbates the situation.
4. Typhoon Jebi industry loss may settle at $15bn to $16bn: Analysts
   The insurance and reinsurance industry wide loss from Japanese typhoon Jebi looks destined to rise even further, with analysts saying that industry participants they met with recently in Bermuda have suggested the loss may settle at between $15 billion to as much as $16 billion.
5. ILS Asia 2019 speakers: Mt. Logan, Leadenhall, AXA XL, Twelve Capital
   We’re delighted to reveal another wave of speakers who will be joining us at ILS Asia 2019, our fourth conference held in Singapore. A handful of Early Bird tickets are still available, so register today for this insurance-linked securities (ILS) conference.
6. Tornadoes, thunderstorms, hail drive another $1bn+ U.S. weather week: Aon
   For the second week in a row, a convective weather setup across much of the United States has driven severe thunderstorms, tornadoes, large hail, damaging winds and resulted in flooding, all of which is expected to drive more than a $1 billion of losses.
7. First PCS triggered Japan ILW brokered by Willis Re
   Property Claim Services (PCS) industry loss data aggregation and index reporting services for non-marine catastrophe losses in Japan has already been used for an industry loss warranty (ILW).
8. Swiss Re “excited” to promote Asian ILS market with First Coast Re II cat bond
   Global reinsurance firm Swiss Re said today that it is “excited” to promote the development of an insurance-linked securities (ILS) and catastrophe bond market in Asia, with the completion of the first cat bond it has facilitated in Singapore, the $100 million First Coast Re II Pte. Ltd. (Series 2019-1).
9. Climate change a factor in U.S. east coast hurricane threat: Researchers
   Climate change is a factor in the intensity of hurricanes that threaten to strike the east coast of the United States, according to researchers who say that CO2 and greenhouse gases are helping to diminish the wind shear that can act as a barrier to storms.
10. AIG’s stake in AlphaCat funds & income from ILS operations recover in Q1
    American International Group, Inc. (AIG) has reported that the value of its investment stake in the insurance and reinsurance linked fund strategies managed by the AlphaCat Managers ILS unit recovered in the first-quarter of 2019, as too did the income it earned from ILS operations.

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 24 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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