Best of Artemis, week ending April 2nd 2023

Here are the ten most popular news articles, week ending April 2nd 2023, 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 April 2nd 2023:

1. Florida homeowners insurance segment challenges run deep
   The Florida homeowners property insurance segment of the market is facing significant challenges after a costly year in 2022, which left the group of main carriers tracked by Fitch Ratings facing a 72% decline in shareholder’s equity.
2. Capital no longer cheap, reinsurance returns must stabilise higher: Berenberg
   The opportunity cost-of-capital is no longer cheap and therefore reinsurance pricing and returns delivered to ILS investors have to stabilise at higher levels than before, leading analysts at investment bank Berenberg to suggest the hard market will be sustained, while ILS inflows will be moderated for a time.
3. ILS Asia 2023 – Tickets now available, register to attend
   Artemis is delighted to return to Singapore for our fifth in-person insurance-linked securities (ILS) conference held in the city, ILS Asia 2023, taking place on July 13th.
4. Supply-demand dynamic moderated at April 1 reinsurance renewal: Aon’s Attard
   Asia Pacific reinsurance buyers have been facing the same renewal pressures as seen at the beginning of the year, at April 1st, but the supply-demand dynamic has moderated somewhat, according to Aon Reinsurance Solutions APAC CEO George Attard.
5. World Bank “extremely pleased” with investor response to Chile cat bond: Jorge Familiar, Treasurer
   The World Bank is “extremely pleased” with the response from investors and reinsurance markets to the recent placement of $630 million of catastrophe bonds and catastrophe swaps to protect Chile, Jorge Familiar, Vice President and Treasurer told us in our latest Artemis Live video.
6. Property reinsurance hard market to persist in 2023: Fitch
   The hard property reinsurance market environment is expected to persist throughout 2023, with rising prices helping to compensate for claims inflation and volatility in financial markets, Fitch Ratings believes.
7. Tremor launches catastrophe bond issuance platform
   Tremor Technologies, the insurtech operator of a programmatic risk transfer marketplace, is targeting the catastrophe bond issuance process with a new product launch, believing Tremor Issuer™ can make the primary cat bond issuance process more streamlined.
8. Credit Suisse operational risk cat bonds said unaffected by sale to UBS
   The operational risk catastrophe bonds issued earlier this year that serve as a vehicle to channel capital market investor funding of operational risk insurance to investment bank and asset manager Credit Suisse are not expected to be impacted by the bank’s forced sale to rival UBS.
9. PartnerRe’s recoverable from Lorenz Re cells soars 56% to $921m in 2022
   PartnerRe, the Bermuda headquartered reinsurance company, continued to cede a significant amount of premiums to its main insurance-linked securities (ILS) vehicle Lorenz Re in 2022, but signalling the effects of loss activity, the firm’s reinsurance recoverable from segregated cells of the structure soared.
10. Apollo invests $500m in Reinsurance Group of America’s Chesterfield Re
    Apollo Global Management, the giant investor, private equity specialist and owner of life and retirement reinsurance company Athene, has entered into a novel insurance-linked investment agreement with Reinsurance Group of America, funding a reinsurer subsidiary called Chesterfield Re to the tune of $500 million.

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 32 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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