Best of Artemis, week ending 3rd June 2018

Here are the ten most popular news articles, week ending 3rd June 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 3rd June 2018:

1. Swiss Re highlights macro trends challenging reinsurance, includes ILS
   Global reinsurance giant Swiss Re has highlighted the key macro trends that its research finds are threatening the insurance and reinsurance business model, among which are the insurance-linked securities (ILS) sector and in particular the risk of collateralised reinsurance.

2. Latest additions to the ILS Asia 2018 conference speaking agenda
   We’ve added another wave of speakers for the upcoming third instalment of our annual insurance-linked securities (ILS) conference in Asia, ILS Asia 2018, featuring the Monetary Authority of Singapore (MAS), GC Securities, RenaissanceRe, Peak Re, Tullett Prebon, Aon Risk Solutions, Baker & McKenzie Wong & Leow LLC and AIR Worldwide.

3. Irma related loss creep and divergent ILS fund performance continues
   Loss creep from hurricane Irma continues to impact the insurance and reinsurance linked funds industry, as some ILS funds and collateralized reinsurance vehicles are recording negative performance once again for April, leading to divergent performance across the sector.

4. 2018 cat bond & ILS issuance hits $8.2bn, just outpacing prior year
   By the end of May 2018 the catastrophe bond and related insurance-linked securities (ILS) market had seen issuance of $8.2 billion so far this year, according to Artemis’ latest data, which sees the market just outpacing the first five months of the prior year.

5. Hamilton launches Capital Partners unit, hires Brenton Slade
   Hamilton Insurance Group, the Bermuda based insurance and reinsurance holding company, has announced the launch of a third-party capital arm named Hamilton Capital Partners and has hired ILS sector specialist Brenton Slade from Horseshoe as Senior Vice President for the new unit.

6. 2018 hurricane forecasts reduced on lower Atlantic temperatures
   The Colorado State University tropical weather forecasting team, the Tropical Storm Risks forecasters and the Weatherbell team have all toned down their forecasts for the 2018 Atlantic hurricane season, pointing to cooling of Atlantic sea surface temperatures.

7. Industry may underestimate frequency of intense hurricanes: Bank of England
   The insurance and reinsurance industry may be underestimating the frequency of major hurricanes, according to a research paper from the Bank Of England’s Insurance Division, which suggests that clustering of major storms into a single season could become more common.

8. Miami Beach considers parametric triggers to protect tourism revenues
   The City of Miami Beach in Florida is looking into parametric triggers for insurance solutions to protect its revenue from taxes paid by the tourism industry, in recognition that weather, hurricanes and other crises such as the Zika virus outbreak have all had a significant impact on the City’s ability to make money.

9. ILS’ role in paying climate related catastrophe claims to increase: Moody’s
   The role of insurance-linked securities (ILS) and alternative reinsurance capital in paying catastrophe claims related to climate change is set to increase, as the insurance and reinsurance sector becomes increasingly aware of the climate risk it faces and turns to efficient capacity to help it offset them.

10. PartnerRe shifts ILS strategy from actively managed to quota shares
    PartnerRe is making a change to its third-party reinsurance and ILS capital management strategy, moving away from running an actively managed insurance-linked securities (ILS) portfolio to a strategy focused on using quota shares to allow investors to participate in its reinsurance underwriting returns.

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 23 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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