Best of Artemis, week ending August 7th 2022

Here are the ten most popular news articles, week ending August 7th 2022, 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 read articles on Artemis.bm, week ending August 7th 2022:

1. Florida’s insurance market crisis and Demotech downgrades
   Read all of our stories from the last week on the challenges facing Florida’s insurers, as well as actions taken by rating agency Demotech.
2. Swiss Re launches cat bond investment adviser, with Guatteri as CEO
   Swiss Re has set up a new insurance-linked securities (ILS) venture, launching an SEC registered investment adviser today named Swiss Re Insurance-Linked Investment Advisors Corporation (SRILIAC), which will have a focus on catastrophe bond investment management.
3. Lloyd’s new LB2 ILS structure brings flexibility the market wants
   Lloyd’s announced a significant expansion of its London Bridge insurance-linked securities (ILS) platform, with a plan to welcome more capital, new types of transactions and make the transfer of risks to capital market investors simpler.
4. 2022 hurricane forecast numbers reduced by NOAA and CSU
   After a relatively slow start to what was anticipated to be another particularly active 2022 Atlantic hurricane season, two of the forecast teams most followed in insurance and reinsurance circles have reduced their seasonal storm and hurricane numbers.
5. United (UPC) the first downgraded Florida carrier eligible for Citizens guarantee
   United Property & Casualty Insurance Company (UPC), a carrier of the United Insurance Holdings Corp. group, has become the first downgraded carrier in Florida to become eligible for support via the Citizens guarantee arrangement.
6. Nat cat market “very hard”, alt capital not as keen: Swiss Re CEO Mumenthaler
   The market for natural catastrophe reinsurance underwriting remains “very hard” at this time, according to Swiss Re’s CEO Christian Mumenthaler, who also noted today that alternative capital is “not as keen” as it was to enter there.
7. Louisiana fears reinsurance “redlining” – Insurance Commissioner
   The state of Louisiana is concerned the reinsurance market could begin to reject its property risks, with the Insurance Commissioner saying he feared a “redlining” after consecutive major hurricane loss years and other market challenges.
8. US commercial property rates may accelerate on reinsurance & capacity: Marsh
   Rates for commercial property insurance in the United States may begin to accelerate again in future quarters, as carriers absorb the costs of higher reinsurance pricing and capacity reductions continue, according to broker Marsh.
9. Fleming hires Khare to lead casualty ILS solutions push
   Fleming Insurance Holdings, a property and casualty prospective and retrospective capital solutions provider, has hired former Point72 executive Samir Khare as Head of Casualty ILS Solutions, as the firm looks to the capital markets to securitize insurance risk.
10. GAM gets ~$500m of H1 ILS inflows, takes cat bond AuM to ~$4.88bn
    GAM Holding AG reported an impressive roughly US $500 million of net inflows to its catastrophe bond strategies in the first-half of 2022, including the funds managed by specialist Fermat Capital Management.

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 39 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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