Last week was dominated by hurricane Isaac which struck the Louisiana coastline causing insured losses of up to $2 billion, at the latest estimate. August has been our busiest month ever on Artemis, with close to 13,000 active readers over the course of the month and nearly 60% growth since August 2011. We’d like to thank our readers for making Artemis the most popular website of its kind on the internet! Here are the ten most popular articles from the last seven days on Artemis.
Top ten most viewed articles on Artemis.bm, week ending 2nd September 2012:
- Isaac threatens Gulf Coast with hurricane sized storm surge
As Isaac approached the Louisiana coast it threatened to reach hurricane strength before making landfall, and the end result as you will now all know was a huge storm surge, damaging winds and torrential rains. Other relevant articles on Isaac: Hurricane Isaac makes landfall in southeast Louisiana and AIR Worldwide says insured loss from hurricane Isaac $700m to $2 billion. Isaac continues to impact the U.S. with heavy rains and flooding.
- Insurers, reinsurers and catastrophe bonds threatened by hurricane Isaac
We discussed the potential impacts to insurers and reinsurers and also looked at which catastrophe bonds were potentially at risk due to the path of hurricane Isaac.
- Capital market alternatives to reinsurance are increasingly viable and sustainable: Fitch
The range of capital markets backed risk transfer tools such as catastrophe bonds, insurance-linked securities, sidecars, collateralized reinsurance entities and other structures, represent an increasingly viable and sustainable alternative to the traditional reinsurance market, according to a new report from Fitch Ratings.
- Early estimates put Isaac insured losses at $500m to $2 billion
The early estimates are currently still in line with more recent ones. However they don’t include estimates of the damage caused by the torrential rains and flooding which is still impacting parts of Louisiana and other southern U.S. states.
- DaVinci Re sidecar takes investment from San Antonio state pension fund
One sidecar vehicle, Bermudian reinsurer RenaissanceRe’s sidecar vehicle DaVinci Re, has just secured a new commitment from a U.S. state pension fund.
- Credit Suisse expects Isaac impact to ILS fund, says up to $6 billion industry loss
Investment manager Credit Suisse have said that they expect an impact to one of their insurance-linked security and catastrophe bond funds from the industry losses caused by hurricane Isaac
- SEC proposes rules to implement JOBS Act provision for advertising securities offerings
The Jumpstart Our Business Startups Act, or JOBS Act, was signed into law by President Obama on the 5th April. Now the SEC has proposed rules to enact the part of the law which would allow for general solicitation and advertising of securities offerings.
- Hannover Re marketing Eurus III Ltd. European windstorm catastrophe bond
Catastrophe bond market participants will be pleased to see a new cat bond deal come to market during these typically lean summer months when primary issuance slows down.
- LGT Insurance-Linked Strategies: No material impact from hurricane Isaac
ILS investment manager LGT Insurance-Linked Strategies are confident at this time that there will be no material impact to any of the cat bonds or financial insurance contracts (FICs) that they invest in.
- Isaac triggers Fonkoze MiCRO backed natural disaster microinsurance in Haiti
While attention is focused on the damage caused by hurricane Isaac when it ploughed into the Louisiana coastline it is easy to forget that before Isaac reached the U.S. the storm caused extensive damage in the Caribbean.
If you’ve missed any of our weekly catch-ups due to being on vacation you can find them all here.
If you’re looking for details on catastrophe bond and ILS transactions our Deal Directory has more than 260 listed.
If you want to track hurricanes or tropical storms visit our 2012 Atlantic Hurricane Season page.