Best of Artemis, week ending 2nd September 2018

Here are the ten most popular news articles, week ending 2nd September 2018, 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 September 2018:

1. Nephila Capital to be 100% acquired by Markel
   Nephila Capital, the world’s largest investment manager specialising in catastrophe and weather insurance-linked securities (ILS) and reinsurance linked assets, is to be 100% acquired by Markel Corporation in a move that is certain to create waves in the marketplace.

2. Payback has expired, symbiotic relationship with ILS emerging
   The reinsurance market evolution continues and as ever alternative capital and the insurance-linked securities (ILS) market is placed centre stage in any discussion of the disruption of traditional business models, but now that the payback model of the past has expired, a new and more symbiotic model with ILS is emerging.

3. Apollo buying Aspen for $2.6bn
   Private equity and alternative investment specialist Apollo Global Management, LLC is acquiring Bermudian insurance and reinsurance firm Aspen Insurance Holdings for $2.6 billion, providing another sign of the attraction asset managers have to insurance-linked returns and the resulting long-term capital.

4. USAA to repay $20m of extended ResRe cat bond as loss picture improves
   USAA is moving a little closer to understanding just how big a recovery it can make from ILS investors against the reinsurance provided by its Residential Re catastrophe bond series, now opting to repay $20 million of the extended notes to investors, but still holding onto $150 million more with a further extension of maturity.

5. Catastrophe bonds can assist in humanitarian aid financing
   Catastrophe bonds are increasingly seen as a financial structure and instrument that could secure and disburse financing for humanitarian response in a more efficient manner, with researchers and institutions now investigating how the cat bond could be utilised.

6. U.S. insured convective storm losses pass $11bn so far in 2018
   Insurance and reinsurance sector losses from severe convective storms in the United States have already passed $11 billion in 2018 as of the middle of August, making this the eleventh consecutive year that thunderstorms, tornadoes, hail and related perils from convective weather have driven double-digit impacts.

7. Securis hires two as it builds out non-life analytics tech capability
   London-headquartered insurance and reinsurance linked investments manager Securis Investment Partners has added two new hires as it looks to create its own dedicated capability in non-life risk analytics and technical development.

8. Hannover Re sees ongoing opportunities in ILS: Henning Ludolphs
   Reinsurance giant Hannover Re continues to take advantage of the expanding insurance-linked securities (ILS) sector, and sees further opportunities in a marketplace that is “here to stay,” according to Henning Ludolphs, Managing Director of Retrocessions & Capital Markets at Hannover Re.

9. FHCF’s $1bn 2018 reinsurance renewal came in 4% cheaper (net)
   The $1 billion Florida Hurricane Catastrophe Fund (FHCF) reinsurance program renewal at June 1st came in at a cost that was roughly 4% cheaper on a net basis, despite the fact the attachment point had been lowered effectively making the program layer a riskier underwriting opportunity.

10. ILS investor appetite uninhibited by recent losses: Swiss Re
    Global reinsurance giant Swiss Re has noted the continued and increased appetite of insurance-linked securities (ILS) investors to allocate capital to the sector, despite recent losses and potential ongoing loss development from 2017’s catastrophe events.

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 18 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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