Swiss Re Insurance-Linked Fund Management

PCS - Emerging Risks, New Opportunities

Best of Artemis, week ending 7th April 2013


Two new catastrophe bond deals launched in the last seven days, a parametric Turkish earthquake cat bond in Bosphorus 1 Re Ltd. and a second cat bond from Louisiana Citizens which we announced on Friday in Pelican Re Ltd. 2013-1. As always, you can read every market news story and article on the Artemis news blog, subscribe to our weekly email newsletter updates and for your convenience here are the ten most popular news articles from the last seven days on Artemis.

Top ten most viewed articles on, week ending 7th April 2013:

  1. Emerging model of ‘fast capital’ threatens traditional reinsurers: Willis Re
    Some traditional reinsurers now see the emerging reinsurance business model of ‘fast capital’, or the flow of capital into the reinsurance market from third-party investor sources, as a direct threat to their existing portfolios, according to the latest renewals report from reinsurance broker Willis Re.
  2. Bosphorus 1 Re Turkish earthquake catastrophe bond comes to market
    A new catastrophe bond has been presented to insurance-linked securities (ILS) investors and it will bring some welcome diversification to the market after the focus on U.S. perils in the 2013 cat bonds we’ve seen so far.
  3. ILS pricing drops by up to 70% as reinsurance capital rises: Aon Benfield
    Aon Benfield said that clients renewing significant capacity in the ILS markets have experienced risk adjusted price decreases of 25% to 70% for U.S. hurricane and earthquake exposed transactions.
  4. Citizens hails 40% cost-saving made with Everglades Re 2013 cat bond
    The latest catastrophe bond from Florida’s Citizens Property Insurance completed at the end of last week, bringing the amount of risk transfer Citizens benefits from in the cat bond market to $1 billion between its two transactions completed to date.
  5. Tar Heel Re catastrophe bond pricing drops again
    The pricing on one of the catastrophe bonds currently in the market has dropped again, resulting in final pricing sitting right at the bottom of an already reduced range.
  6. Bosphorus 1 Re cat bond parametric trigger details emerge
    The Bosphorus Re cat bond brings investors an opportunity to diversify their portfolios in the form of Turkish earthquake risk. Also the deal uses a parametric trigger which is another rarity in the market and we’re pleased to be able to bring you more details on this.
  7. Another independent UK asset manager grows allocation to catastrophe reinsurance
    Another of the UK’s independent asset managers has followed a trend which is emerging where some independent investment houses increase their allocations to reinsurance and catastrophe risk through some of the ILS and reinsurance funds we cover here on Artemis.
  8. Lloyd’s: Third-party ILS capital is both a threat and opportunity
    We sat in on the Lloyd’s annual results conference call recently and wanted to find out how the market intends to adapt, or otherwise, to leverage the current trend for third-party investor capital to flow into ILS, catastrophe bonds and collateralized reinsurance.
  9. Rush to allocate capital creating a soft ILS market: Lane Financial
    The market for insurance-linked securities (ILS) and catastrophe bonds is already beginning to resemble a soft market, as evidenced by the pricing of recent deals.
  10. Florida cat bond facility Bill passes another Senate hurdle
    A Bill which contains a measure aiming to ease smaller Florida insurers access to capital market sources of risk transfer continues to make its way through the Florida Senate successfully.

This is by no means every article published on Artemis during the last week, just the most popular among our readers. To ensure you always stay up to date with Artemis subscribe to our weekly email newsletter update.

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