Best of Artemis, week ending 7th July 2019

Here are the ten most popular news articles, week ending 7th July 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 viewed articles on Artemis.bm, week ending 7th July 2019:

1. Repeat sponsors & perils drive Q2 cat bond & related ILS to $3.6bn: Report
   Issuance of catastrophe bonds and related insurance-linked securities (ILS) reached $3.61 billion in the second-quarter of 2019.
2. ILS retro pull-back put reinsurer models under scrutiny: Willis Re CEO
   The pull-back from underwriting retrocession by insurance-linked securities (ILS) and collateralized reinsurance markets put the business models of some reinsurers under scrutiny, according to Willis Re CEO James Kent.
3. FOSUN gets into ILS, buys majority stake in TENAX Capital
   FOSUN International Limited, a Chinese privately-owned global investment and asset management conglomerate with a liking for investing in insurance and reinsurance, has taken its first step into the ILS fund management space, acquiring a majority stake in TENAX Capital Limited.
4. Convex hires Anne Middelton (ex-AXA XL) as Head of Ceded Reinsurance
   Convex Group, the specialty insurance and reinsurance start-up launched by Stephen Catlin, has hired Anne Middleton as its new Head of Ceded Reinsurance and Capital Modelling.
5. As reinsurers hold ground on rates, insurers may turn to ILS: A.M. Best
   As reinsurance companies of the world hold their ground and push through increased rates for their products, as seen at recent renewals in Florida and beyond, insurers and protection buyers may increasingly look to find more cost-effective options raising interest in ILS, according to A.M. Best.
6. Red Cross volcano cat bond to be backed by Global Parametrics & DFID
   Global Parametrics, the parametric and index-based disaster risk transfer company, and the UK government’s Department for International Development (DFID), have agreed in principal to provide some of the capital necessary to back the Red Cross’ volcano catastrophe bond.
7. Liberty Mutual in $240m Limestone Re reinsurance sidecar transaction
   U.S. primary insurer Liberty Mutual has completed another transaction using its collateralized reinsurance sidecar vehicle Limestone Re Ltd., with a $240 million issuance featuring listed and privately placed sidecar notes.
8. ILS & collateralized takes 42% of Citizens renewal, led by D.E. Shaw
   The insurance-linked securities (ILS) fund market and other collateralized reinsurance sources took a roughly 42% chunk of the latest renewal placed by Florida’s Citizens Property Insurance Corporation at June 1st this year.
9. AXIS Capital in new $39m Alturas Re sidecar issuance
   AXIS Capital, the global specialist re/insurer headquartered in Bermuda, has added another tranche of notes to its collateralised reinsurance sidecar vehicle Alturas Re Ltd., sponsoring a $39 million issuance, the third from the sidecar for 2019, we can reveal.
10. Oxfam, Aon & Etherisc automate parametric weather insurance on a blockchain
    A collaboration between Oxfam in Sri Lanka, insurance and reinsurance broker Aon and insurtech blockchain solutions provider Etherisc has delivered a parametric weather insurance product that will make automated payouts to smallholder farmers.

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 27 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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