Best of Artemis, week ending 9th February 2020

Here are the ten most popular news articles, week ending 9th February 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 9th February 2020:

1. Florida reinsurance may rise 20% in June as loss creep weighs: A.M. Best
   Reinsurance pricing could rise by as much as 20% at the Florida renewals in June 2020, with the continued pressure from loss creep on both insurers and reinsurers the main driver, according to A.M. Best.
2. MultiStrat completes $205m casualty ILS transaction, its largest to-date
   MultiStrat, the specialist underwriter and reinsurance investment facilitator, has completed its largest casualty insurance-linked securities (ILS) transaction to-date, a $205 million casualty ILS deal that it worked alongside investor Vida Capital to complete.
3. Markel begins fronting insurance business for Nephila Capital
   Markel Corporations relationship with its market-leading insurance-linked securities (ILS) fund manager Nephila Capital has deepened in recent months, as its insurance business began acting as a distributor for Nephila’s capital, ceding catastrophe exposed insurance business to the manager.
4. ILS capacity constraints continue, but not for everyone
   Constrained levels of insurance-linked securities (ILS) capital remains a feature of the market as it moves into 2020, in some cases affecting the ability of cedents to secure the coverage they needed at the recent renewals.
5. PGGM grows ILS portfolio 16% to ~$6.5bn in 2019, adds new reinsurance partners
   PGGM, the Dutch pension fund investment manager and the largest single source of assets in the insurance-linked securities (ILS) market, has grown the size of its ILS portfolio by roughly 16% in 2019, to reach around US $6.5 billion of assets and also added two new reinsurance partners during the year.
6. Swiss Re gets $255m hurricane & mortality Matterhorn Re cat bond
   Reinsurance firm Swiss Re has now successfully secured $255 million of hurricane and mortality risk retrocessional protection with its latest Matterhorn Re Ltd. (Series 2020-2) catastrophe bond transaction.
7. No coronavirus price response from World Bank’s pandemic cat bond yet
   The developing and still worsening outbreak of a novel coronavirus in China has not yet caused any price response from the World Bank’s pandemic catastrophe bond transaction.
8. Cat bonds, risk pools, parametric triggers key to risk mitigation: Aon
   Innovative insurance and reinsurance mechanisms such as catastrophe bonds, risk pooling facilities and parametric triggers are all key ways that risk mitigation can be improved in the world’s most vulnerable areas, Aon said today.
9. Why cyber re/insurance needs ILS – Q&A with Tom Johansmeyer, PCS
   There is constant chatter about cyber insurance and reinsurance as a meaningful future component peril of the insurance-linked securities (ILS) asset class, but so far little transactional flow has been seen. We spoke with Tom Johansmeyer, Head of PCS, to get his view on the current status of cyber ILS.
10. Healthcare of Ontario Pension Plan (HOOP) hires Van der Stichele for ILS
    The Healthcare of Ontario Pension Plan (HOOP) is the latest large Canadian investor to target the insurance-linked securities (ILS) market as a source of returns and the Plan has hired an experienced portfolio manager to get it started.

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 29 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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