Best of Artemis, week ending 4th August 2019

Here are the ten most popular news articles, week ending 4th August 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 updates or get our email alerts for every article we publish.

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Ten most read articles on Artemis.bm, week ending 4th August 2019:

1. Alternative capital can “bypass” the traditional value chain: Aon
   For some year’s now we’ve been saying that insurance-linked securities (ILS) capacity and alternative reinsurance capital is destined to get closer to risk, as structures and technologies advance to allow it to break free from the strictures of the traditional market chain.
2. SCOR into its retrocession for any further Jebi loss creep
   French reinsurance firm SCOR is now covered for further loss creep from Japanese typhoon Jebi, with the loss now having triggered its retrocessional protection.
3. Further Jebi loss creep may impact RenRe’s retro portfolio: CEO O’Donnell
   If the loss creep linked to Japanese typhoon Jebi continues it has the potential to impact RenaissanceRe’s retrocessional reinsurance underwriting book, according to the firms CEO.
4. Nephila Capital revenues help offset CATCo costs for Markel
   Revenues earned through the operations of its insurance-linked securities (ILS) manager Nephila Capital have helped to offset costs related to Markel CATCo in the second-quarter and first-half of the year for owner Markel Corporation.
5. AXA XL promotes Kempe to lead U.S. Property in London reinsurance team
   Global insurance and reinsurance firm AXA XL has promoted Megan Kempe to the role of Head of US Property London, seeing her lead property underwriting activities for the United States for its London reinsurance team.
6. Swiss Re expansive in P&C Re, creep & CorSo reserve charge dent results
   Global reinsurance firm Swiss Re has reported an expansive year-to-date in its core property & casualty reinsurance operations, with premiums rising 23%, but its results have been dented by loss creep from typhoon Jebi and a large reserve charge for Corporate Solutions.
7. CEA’s Wildfire Fund role includes reinsurance & risk transfer set-up
   The California Earthquake Authority (CEA) will look to set up a reinsurance and risk transfer program for California’s recently approved $21 billion wildfire insurance fund, we can now confirm.
8. Arch buying Barbican, increasing London access & ILS interest
   Arch Capital Group, the Bermuda headquartered insurance and reinsurance firm, is set to buy managing agent, Lloyd’s operator and also ILS facilitator or servicer Barbican Group Holdings Limited.
9. Everest Re hires Andrade from Chubb to succeed Addesso as CEO
   Bermudian reinsurance firm Everest Re has hired Juan C. Andrade from Chubb and named him as the current COO, but lined up to become CEO on Jan 1 2020, to succeed outgoing CEO Dominic Addesso.
10. Cincinnati’s losses reach 74% of Skyline Re cat bond trigger at end of Q2
    Cincinnati Financial Corporation’s aggregated catastrophe and severe weather losses over the first-half of 2019 have been sufficiently severe to reach 74% of the way towards the trigger attachment point of its $180 million Skyline Re Ltd. (Series 2017-1) catastrophe bond.

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 35 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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