Best of Artemis, week ending 3rd November 2019

Here are the ten most popular news articles, week ending 3rd November 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 updatesor get our email alerts for every article we publish.

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Ten most read articles on Artemis.bm, week ending 3rd November 2019:

1. Credit Suisse hires Aon’s Jason Bolding as Head of ILS, US
   Investment banking and asset management giant Credit Suisse has hired Jason Bolding, formerly of broker Aon’s capital markets and insurance-linked securities (ILS) team, to fill a newly created role of Head of ILS, United States.
2. RenRe & Markel expect typhoon Hagibis losses to eclipse Faxai
   Company specific loss estimates from leading insurance and reinsurance firms for recent typhoon Hagibis appear to confirm that the industry impact of that storm are going to eclipse that of the other recent Japan typhoon Faxai.
3. Philippines cat bond launched at $225m by World Bank IBRD
   A catastrophe bond (IBRD CAR 121-122) has been launched to the market seeking to secure risk transfer and disaster insurance protection for the Philippines, with the World Bank supporting the country in securing a capital markets backed source of capacity for catastrophe loss events.
4. Swiss Re P&C unit falls to underwriting loss on cats & large losses
   Swiss Re’s property and casualty reinsurance underwriting division fell to a technical underwriting loss as large losses and catastrophe events dented its results over the first nine months of the year.
5. Steadfast Re hires Dan Bailey for London broking production
   Steadfast Re, the reinsurance broking joint-venture operation of the Steadfast Group, has hire well-known former JLT Re London broker Dan Bailey to a role focused on leading the production of traditional and collateralised business.
6. Everest Re’s Q3 results hit by catastrophes, Mt. Logan assets stabilising
   Bermuda headquartered insurance and reinsurance firm Everest Re saw its third-quarter 2019 results dented by the impacts of catastrophe losses, but it continued to grow its capital base and its fully collateralized reinsurance sidecar and segregated accounts vehicle Mt. Logan Re stabilised further in the quarter.
7. Faxai loss to near $10bn, Hagibis $15bn, climate change a factor: RenRe CEO
   The CEO of reinsurance firm RenaissanceRe said that his company believes typhoon Faxai could drive as much as a $10 billion industry loss, while the more recent typhoon Hagibis could a roughly 50% larger bigger at approximately $15 billion.
8. ILS market must educate on reserving process, rebuild confidence: Roundtable
   As the market moves towards the January 1st renewals season and into 2020, the insurance-linked securities (ILS) space needs to learn and educate on the reserving process and go through a phase of rebuilding, according to industry experts.
9. Cat bond & liquid ILS market growth forecast: Willis Re Securities
   Despite the fact non-life catastrophe bond issuance activity was relatively sluggish through the third-quarter of 2019, the outstanding market remained close to its high and continued growth is expected as investors turn towards more liquid forms of insurance-linked securities (ILS), according to Willis Re Securities.
10. Swiss Re may cede more risk to sidecar Sector Re: CFO Dacey
    Global reinsurance firm Swiss Re is watching for potential opportunities in the retrocession market as this segment reacts to repeated losses and issues with trapped collateral, that the reinsurer believes may attract investors to work more closely with it.

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 34 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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