Best of Artemis, week ending 5th January 2020

Here are the ten most popular news articles, week ending 5th January 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 5th January 2020:

1. Cat bond rebound helps Q4 issuance hit record $3.3bn: Report
   A rebound in property catastrophe risk-linked transactions has helped issuance of catastrophe bonds and related insurance-linked securities (ILS) reach a record level in the fourth-quarter of 2019, with $3.3 billion of new deals recorded by Artemis.
2. Divergent January renewal ends late, but some ILS funds grow: Willis Re
   The January 1st 2020 reinsurance renewal saw markets diverge, leading to wide variances in pricing and capacity across geographies and lines, while judicious reinsurers applied greater importance on relationships.
3. PIMCO cites cat bonds as ESG asset for new multi-strat funds
   Investment management giant PIMCO (Pacific Investment Management Company LLC) believes catastrophe bonds can be an ESG (environmental, social and corporate governance) appropriate investment, adding them as fixed income assets two of its new funds are able to allocate to.
4. Wide renewal variation as plentiful but volatile capital drives market: Hyperion X
   The January 2020 reinsurance renewals saw significant variation in market conditions and rates, as capital remained plentiful to help ceding companies secure their coverage requirements, but volatility in areas led to differing outcomes, according to Hyperion X.
5. Australia bushfire claims hit US $207m, but expected to soar
   Insurance claims from current season bushfires in Australia have now reached US $207 million (according to an Aon source), surpassing US $200 million according to the Insurance Council who now predict that losses will soar.
6. FEMA secures $1.33bn NFIP flood reinsurance renewal for 2020
   The U.S. Federal Emergency Management Agency (FEMA) has now completed its traditional flood reinsurance program renewal, securing $1.33 billion of limit to cover the National Flood Insurance Program (NFIP) for 2020.
7. Philippines fails to secure state asset & infrastructure reinsurance
   The government of the Philippines has failed to secure the necessary bids for reinsurance support to cover roughly US $19.6 of state assets and infrastructure, according to a report.
8. Some ILS funds adjusted typhoon Hagibis losses in November
   A number of insurance-linked securities (ILS) fund managers have adjusted their Japanese typhoon Hagibis loss reserves or side pockets in November, resulting in some positive and negative movements, we understand.
9. RenRe to settle Mona Lisa Re 2020 cat bond at $400m in size
   RenaissanceRe, the Bermuda-headquartered global reinsurance firm and third-party capital manager, has settled for a 60% upsizing of its latest catastrophe bond, with the Mona Lisa Re Ltd. (Series 2020-1) cat bond transaction now priced at $400 million in size.
10. AXIS issues $64.14m Alturas collateralised sidecar tranche for 2020
    AXIS Capital, the global specialist re/insurer headquartered in Bermuda, has issued a first tranche of notes from its collateralised reinsurance sidecar vehicle Alturas Re Ltd. for 2020, sponsoring a $64.14 million issuance to expand on the collateralised quota share arrangement.

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 21 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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