Best of Artemis, week ending December 12th 2021

Here are the ten most popular news articles, week ending December 12th 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 December 12th 2021:

1. Significant tornado outbreak damages multiple U.S. states
   A significant outbreak of tornadoes and severe convective weather struck a number of southern U.S. states on Friday night into Saturday morning, with widespread damage experienced and deaths expected to run to between 50 and 100.
2. Renewal optimism rises, as market delays on lack of retro & trapped ILS capital
   Optimism over reinsurance renewal rate increases is said to be rising, as the market deals with a significantly delayed renewal timeline, for which a lack of aggregate retrocession capacity and trapped insurance-linked securities (ILS) capital are two of the drivers.
3. Managing catastrophe exposures key at reinsurance renewals: Survey
   Reducing or controlling exposure to catastrophe risks is seen as the most important driver of reinsurance buying decisions for the January 2022 renewal season, according to hundreds of respondents to our recent market survey.
4. Climate change inflates losses up to 2.50% & premiums don’t cover it: Credit Suisse ILS
   After the publication of the latest Intergovernmental Panel on Climate Change (IPCC) report earlier this year in August, the Credit Suisse Insurance Linked Strategies team has analysed its findings on climate trends related to severe weather catastrophes and tried to quantify their impacts on the global insurance, reinsurance and insurance-linked securities (ILS).
5. Gallagher Re to win TWIA reinsurance broking account
   Gallagher Re looks set to win a major new reinsurance broking client thanks to its acquisition of Willis Re, as the Texas Windstorm Insurance Association (TWIA’s) Actuarial & Underwriting Committee continues to make the recommendation for a change.
6. NN Group targets first catastrophe bond with Orange Capital Re
   NN Group, or Nationale-Nederlanden, has entered the catastrophe bond market for the first time, seeking to secure EUR 75 million or more in collateralised reinsurance from a first Orange Capital Re DAC (Series 2021-1) issuance.
7. Reinsurance stable. Rates to rise. ILS capital treading water: AM Best
   The global reinsurance market outlook remains stable, thanks to positive pricing momentum, improved market discipline and rising demand, according to rating agency AM Best.
8. Canada Pension Plan considers sale of Ascot & Wilton Re: Report
   The Canada Pension Plan Investment Board (CPPIB), one of the larger pension investors with a strong appetite for insurance and reinsurance market-linked returns, is reportedly looking to sell two of its larger equity stakes in the industry, by offloading specialty player Ascot Group and life and annuity reinsurance firm Wilton Re.
9. Twelve Capital and Eos Venture Partners launch insurtech fund strategy
   Twelve Capital Management, the Zurich-headquartered catastrophe bond, insurance-linked securities (ILS) and reinsurance linked investment fund manager, is expanding its strategies to include insurtech investments with the help of a new collaboration with specialist insurtech investor Eos Venture Partners.
10. Hannover Re seeks $100m peak peril aggregate 3264 Re retro cat bond
    Global reinsurance firm Hannover Re has returned to the catastrophe bond market in search of a collateralized source of worldwide peak peril annual aggregate and industry loss based retrocessional reinsurance protection, with a $100 million or greater 3264 Re Ltd. (Series 2022-1) cat bond deal.

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 30 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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