Best of Artemis, week ending 9th May 2021

Here are the ten most popular news articles, week ending 9th May 2021, 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 May 2021:

1. Cat bond pipeline to remain elevated through 2021: Aon Securities
   The catastrophe bond market issuance pipeline is expected to remain elevated over the rest of this year, as significant scheduled maturities will free up ILS investor capital to be put back to work, market facilitator Aon Securities has explained.
2. Kettle hires Kevin Copeland in Bermuda as its CFO
   Kettle, the reinsurance focused deep-learning and artificial intelligence (AI) reinsurtech company, has announced another key hire in Bermuda, bringing onboard Kevin Copeland, an executive with collateralized reinsurance experience as its Chief Financial Officer (CFO).
3. Aon expected to get conditional WTW acquisition approval from EC: Reuters
   Things move fast in mergers and acquisitions and it’s now been reported by Reuters that Aon is likely to get conditional approval from the European Commission for its acquisition of Willis Towers Watson (WTW), without a statement of objections being published and with only a few tweaks to its proposed package of concessions.
4. RMS Atlantic hurricane model update may adjust cat bond risk metrics
   Catastrophe risk modelling specialist RMS has announced the launch of what it calls “significant updates” to its North Atlantic Hurricane (NAHU) Models, incorporating data from recent active years, including from 2017’s Harvey and Irma.
5. Fidelis seeks worldwide multi-peril cover from third Herbie Re cat bond
   Fidelis has returned to the catastrophe bond market for its third transaction and with this currently $50 million Herbie Re Ltd. (Series 2021-1) deal the company is seeking to significantly expand the covered perils and territories included.
6. Chubb got first ABR Re fee sharing payment from Blackrock in 2020
   Regular readers will know we like to cover any news on Chubb’s total-return and third-party capitalised reinsurance joint-venture ABR Re, which we see as becoming increasingly strategically important to the insurer.
7. Allstate recovers $195m from Sanders Re cat bond, to fill eroded layer
   US primary insurance giant Allstate has reported that its losses from the first-quarter winter storms and freezing weather have now enabled it to recover $195 million from the reinsurance provided by its Sanders Re II 2019-1 cat bond.
8. Hong Kong reveals insurance-linked securities (ILS) grant details
   Hong Kong’s Insurance Authority (IA), the independent insurance and reinsurance regulator for the Hong Kong Special Administrative Region (HK SAR) of the People’s Republic of China, has now published initial details of its insurance-linked securities (ILS) grant scheme.
9. Aspen hires Laurie Shane, aligns outwards reinsurance with Capital Markets
   Aspen Insurance Holding Limited, the specialty insurance and reinsurance underwriter, is aligning its outwards reinsurance operations with its third-party capital unit Aspen Capital Markets, in a renamed unit Aspen Capital Partners, and has hired Laurie Shane as Group Head of Outwards Reinsurance.
10. AIG’s AlphaCat sees ILS assets shrink $400m to $3.8bn in Q1 2021
    American International Group’s (AIG) insurance-linked securities and collateralized reinsurance activities under its dedicated ILS investment manager entity, AlphaCat Managers, were impacted by losses during the first-quarter of the year it appears, while assets under management shrank by almost 10%.

This is not every article published on Artemis during the last week, just the most popular among our readers over the last seven days. There were 36 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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