Best of Artemis, week ending 5th April 2020

Here are the ten most popular news articles, week ending 5th April 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.

Ten most read articles on Artemis.bm, week ending 5th April 2020:

1. Precedents seen for some Covid-19 business interruption claims
   Plaintiff attorneys believe there are a number of legal precedents that could mean insurers end up taking more business interruption claims from the Covid-19 coronavirus pandemic than initially thought, which analysts say suggests a rising risk of the impact being greater than anticipated.
2. Credit Suisse gets $461m Operational Re III op-risk cat bond coverage
   A new $461.22 million operational risk catastrophe bond transaction has successfully been issued, with the ultimate beneficiary of the operational risk insurance protection provided by the new Operational Re III Ltd. deal being investment banking giant Credit Suisse
3. Record catastrophe bond issuance drives market high in Q1: Report
   Record first-quarter issuance of new catastrophe bonds and related insurance-linked securities (ILS) resulted in over $5 billion of risk capital coming to market as 2020 got off to a rapid start, driving the outstanding market to a new high according to the latest report and data from Artemis.
4. Covid-19 volatility & losses could drive reinsurance hardening: S&P
   The capital buffers of some of the largest reinsurance companies have been significantly shrunken by the financial market declines seen in the last few weeks because of the Covid-19 coronavirus outbreak, potentially reducing their ability to weather any major catastrophe events that occur.
5. Covid-19 macro-economic hit the main property reinsurance driver: Aon
   For the property reinsurance marketplace, the impacts of the Covid-19 coronavirus pandemic are expected to be largely driven by macro-economic factors, although some specific contracts could be at-risk of legislative efforts around inclusions, according to Aon.
6. Pandemic parametric triggers Q&A with Tom Johansmeyer, PCS
   Pandemic protection. Is it included, excluded, or even mentioned in a policy or program? Even if it is, is the coverage responsive enough to really help the protection buyer, or should parametric solutions be looked at? If so, how to ensure they are robust?
7. SCOR delays new Atlas Capital cat bond, cites Covid-19 disruption
   France headquartered global reinsurance company SCOR has suspended the marketing of its new catastrophe bond, Atlas Capital Reinsurance 2020 DAC (Series 2020-1), citing the market disruption created by the current pandemic.
8. Hyperion X partners with Vario to offer whole-account ILS coverage
   Hyperion X, the data analytics focused entity of the Hyperion Insurance Group, the global broker and consultancy that includes RKH Reinsurance Brokers, is partnering with Vario Partners LLP to launch a collateralised whole-account reinsurance offering backed by insurance-linked securities (ILS).
9. Demand for fully collateralised cover may rise on pandemic risk awareness
   There is a chance that reinsurance and retrocession buyers begin to favour fully collateralised protection more highly again, as they become increasingly aware that there are financial and economic risks which of a scale that can threaten traditional re/insurer solvency.
10. Varied April renewal outcomes for ILS funds, as Covid-19 bites
    The April reinsurance renewals saw significant rate increases that offered a chance for insurance-linked securities (ILS) funds to create a much higher returning book of Japanese catastrophe risk for their portfolios, but the results appear to have been uneven.

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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