Swiss Re Insurance-Linked Fund Management

PCS - Emerging Risks, New Opportunities

Best of Artemis, week ending August 20th 2023


Here are the ten most popular news articles, week ending August 20th 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.

Register soon if you want to attend our next ILS conference!
Artemis London 2023 (Sept 5th).

artemis-cat-bond-ils-newsTen most read articles on, week ending August 20th 2023:

  1. Vesttoo: Our coverage of the alleged collateral issues
    The saga continued to develop in the last week, with numerous new articles regarding questions over the validity of letter of credit (LOC) reinsurance collateral security linked to Vesttoo.
  2. Hawaii wildfire rebuild cost est. $5.52bn, with 2,207 structures destroyed
    The rebuilding cost of the devastating wildfire in Hawaii that has burned the historic town of Lahaina has been estimated at $5.52 billion, with now 2,207 structures reported to have been destroyed.
  3. RenRe will share 50% of Validus property cat risk with investors: CEO
    When RenaissanceRe closes on its acquisition of the Validus reinsurance business from AIG, its CEO believes it will cede risk from the acquired company to investors in its ILS and joint-venture vehicles at a similar rate to how it operates today.
  4. California legislators ignore property insurance crisis, as more insurers pull-back
    Issues in California surrounding property insurance availability appear to be escalating, with two more carriers reported to have pulled-back from writings in the State, while at the same time the legislative appears to have ignored the issues that are making writing wildfire-exposed property more challenging.
  5. The “bonanza” is over, ILS capital more disciplined: Swiss Re CEO Mumenthaler
    While there was a bit of a “bonanza” in terms of capital pouring into reinsurance from the capital markets a few years ago, things have now become more balanced and ILS capital appears more disciplined, according to Swiss Re’s CEO Christian Mumenthaler.
  6. Artemis London 2023: View our agenda for the day
    You can now view the agenda and session timings for our upcoming catastrophe bond and insurance-linked securities (ILS) market conference, Artemis London 2023 on Tuesday September 5th. Register soon to attend!
  7. Property underwriting a “moving feast” because of climate change: Beazley CEO
    While Beazley’s CEO Adrian Cox implied recently that property insurance is more adequately priced than reinsurance, he also noted that underwriting it is a “moving feast”, as climate change is increasing the exposure re/insurers take on.
  8. Lahaina, Maui fire insured property loss estimated ~$3.2bn by KCC
    Insured property losses from the wildfire that devastated the Maui town of Lahaina in Hawaii have been estimated at around $3.2 billion by catastrophe risk modelling specialist Karen Clark & Company.
  9. Opportunity cost of trapped ILS collateral in focus: Megan Green, PWC Bermuda
    The “opportunity cost” of having collateral trapped from prior year events is, in the current higher reinsurance rate environment, increasingly in focus among the insurance-linked securities (ILS) fund manager community, Megan Green of PwC Bermuda told us in a recent video interview.
  10. Investors want to see more, before capital flows into reinsurance: Lancashire execs
    Whatever the form of capital, be it from insurance-linked securities (ILS) investors or elsewhere, one good year of performance is not going to be enough to entice a significant volume of capital into the reinsurance industry, according to executives at Bermuda-based Lancashire Holdings.

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 35 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.

View the current breakdown of the ILS market in our range of charts, allowing you to analyse cat bond issuance.

Check out the assets under management of the ILS fund market with our ILS investment manager directory.

Get listed in our MarketView directory of professionals.

Artemis Live - ILS and reinsurance video interviews and podcastView all of our Artemis Live video interviews and subscribe to our podcast.

All of our Artemis Live insurance-linked securities (ILS), catastrophe bonds and reinsurance video content and video interviews can be accessed online.

Our Artemis Live podcast can be subscribed to using the typical podcast services providers, including Apple, Google, Spotify and more.

Print Friendly, PDF & Email

Artemis Newsletters and Email Alerts

Receive a regular weekly email newsletter update containing all the top news stories, deals and event information

  • This field is for validation purposes and should be left unchanged.

Receive alert notifications by email for every article from Artemis as it gets published.