Best of Artemis, week ending 4th October 2020

Here are the ten most popular news articles, week ending 4th October 2020, 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 October 2020:

1. Multiplicity Partners targets acquisitions of ILS side pockets
   Multiplicity Partners, a boutique Zurich-based investment firm that specialises in secondary opportunities and providing liquidity solutions to holders of private market funds and distressed assets, is targeting the insurance-linked securities (ILS) space and wants to offer a solution to those experiencing trapped ILS collateral.
2. Positive cat bond market momentum continues: Q3 2020 Report
   The catastrophe bond market saw continued positive momentum throughout the third-quarter of 2020 and despite continued financial market uncertainty and volatility as a result of the Covid-19 pandemic, the result was an above-average quarter of issuance, according to our latest report and data.
3. Parametric cyber business interruption cover launched at Lloyd’s
   A new cyber business interruption insurance solution using parametric triggers related to outages has been launched at Lloyd’s with backing from Tokio Marine Kiln (TMK) and other members of Lloyd’s Product Innovation Facility including reinsurance firm RenaissanceRe.
4. Florida Citizens growth suggests takeout opportunity returning
   The opportunity to takeout insurance policies from Florida’s Citizens Property Insurance Corporation may return once again, as the insurers portfolio is expanding faster than it expected and it feels some of the book may be attractive.
5. Beazley should buy more reinsurance to protect its shareholders: Jefferies
   Analysts from Jefferies said they would advise specialty insurance and reinsurance firm Beazley to look to securing additional reinsurance capital, over other funding sources such as another equity raise, after the firm reported escalating losses and given the active levels of catastrophe loss activity seen.
6. White Mountains to invest $805m into Ark Insurance Holdings
   White Mountains Insurance Group, Ltd. is set to make a significant investment into re/insurer Ark Insurance Holdings, with plans to ramp up its capacity across the markets it operates in and upgrade its reinsurance capabilities in Bermuda.
7. Minnesota Life seeks $100m La Vie Re mortality catastrophe bond
   A new mortality catastrophe bond transaction is in the market, as life insurer and part of the Securian Financial Group, Minnesota Life Insurance Company looks to the capital markets for $100 million of more of mortality related life reinsurance through a La Vie Re Limited (Series 2020-1) deal.
8. Enstar offers to acquire Watford Re
   Bermuda domiciled re/insurance, run-off and legacy specialist underwriter and investor Enstar Group has made a formal approach to the board of Watford Re’s holding company to acquire the total return focused reinsurance firm.
9. CEA targets $250m+ Ursa Re II 2020 catastrophe bond issue
   The California Earthquake Authority (CEA) is back once again in the catastrophe bond market with the second issuance it has sponsored so far this year, seeking a $250 million or larger source of collateralised earthquake reinsurance from this Ursa Re II Ltd. (Series 2020-1) deal.
10. Stone Ridge ILS fund redemptions slow, cat bond holdings increase
    Stone Ridge Asset Management’s mutual insurance-linked securities (ILS) fund assets under management remained relatively flat through the last quarter of record, as redemptions appear to have slowed significantly, while the investor increased its holdings in catastrophe bonds.

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 39 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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