Best of Artemis, week ending 2nd May 2021

Here are the ten most popular news articles, week ending 2nd May 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 2nd May 2021:

1. Florida a “different animal” where demand will be less: Guy Carp CEO Hearn
   Reinsurance capacity remains adequate and demand for protection globally remains high, according to executives at Marsh McLennan and Guy Carpenter, but Florida is a “different animal” according to GC CEO Peter Hearn.
2. More hurricane forecasts call for above-average 2021 Atlantic season
   Two more 2021 Atlantic hurricane season forecasts from teams that we track here at Artemis have now been published and both echo other forecast teams we’ve already covered, in calling for this year to see hurricane activity above both the long and near-term averages.
3. Aon expected to get conditional WTW acquisition approval from EC: Reuters
   Things move fast in mergers and acquisitions and it’s now been reported by Reuters that Aon is likely to get conditional approval from the European Commission for its acquisition of Willis Towers Watson (WTW), without a statement of objections being published and with only a few tweaks to its proposed package of concessions.
4. Billion dollar losses possible from night of large hail in Oklahoma & Texas
   Once again a large hail storm event looks set to drive at least economic losses towards the billion dollar mark, perhaps insurance and reinsurance market losses too.
5. Vantage secures $225m Vista Re cat bond with 10% drop in price
   Vantage Risk has now secured its first catastrophe bond at the upsized $225 million target, an increase of 50%, while the pricing for its Vista Re Ltd. (Series 2021-1) cat bond issuance has now been fixed 10% below the mid-point of initial coupon guidance.
6. Stable hires Julia Henderson as President & Head of Portfolio Management
   Stable, a technology company that provides an index-based platform for commodity hedging, has hired former reinsurance and ILS underwriter Julia Henderson as its President and Head of Portfolio Management.
7. Reinsurance rate momentum slowing, but main trends intact: Berenberg
   While momentum in reinsurance pricing has been seen to slow, analysts at Berenberg are the latest to say that they believe the main trends driving recent firming remain intact and should push pricing higher at the key mid-year renewals.
8. Cat bond spreads attractive versus corporate high yield: K2
   Despite some price tightening, following inflows of new capital, catastrophe bond spreads remain attractive at this time compared to corporate high yield bonds, according to hedge fund specialist manager K2 Advisors.
9. Aon hires Ben Love from Tamesis DUAL to UK reinsurance leadership team
   Insurance and reinsurance broking giant Aon has announced a new senior reinsurance leadership team appointment, having hired Ben Love from Hyperion underwriting unit Tamsis DUAL.
10. Prudential Financial & Zurich help UK pension to £6bn longevity swap
    Prudential Financial Inc. and insurer Zurich have worked together to provide an unknown UK pension scheme with a £6 billion longevity swap and reinsurance arrangement.

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.

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