Best of Artemis, week ending December 19th 2021

Here are the ten most popular news articles, week ending December 19th 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 19th 2021:

1. US tornado losses seen in billions, ramifications for renewals
   The recent outbreak of deadly tornadoes and damaging severe convective storms in the United States are expected to drive insured losses in the single-digit billions of dollars.
2. Deployable ILS capital may have fallen to $70-75bn, KBW estimates
   Deployable (or not trapped and available to put to work) capital in the insurance-linked securities (ILS) sector is estimated to have fallen to around $70 billion to $75 billion, according to analysts at KBW.
3. Former CATCo CEO Belisle sued over “seismic losses” by German billionaire
   Former CATCo CEO Tony Belisle is back in court after another investor vehicle filed a fraud lawsuit in Florida alleging that he misrepresented the risks of an investment in the Markel CATCo retrocessional reinsurance investment strategy.
4. Munich Re: Reinsurance alone cannot absorb systemic risk of climate change
   Global reinsurance giant Munich Re has said that reinsurance alone cannot absorb the systemic risk that climate change brings, citing the need for public private partnerships and government intervention.
5. Nat cat losses fourth highest on record in 2021 at $105bn: Swiss Re
   Insurance industry losses from natural catastrophe events are preliminarily estimated to reach $105 billion in 2021, according to global reinsurance firm Swiss Re.
6. 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).
7. Tremor transacts $175m of reinsurance premium, grows 400% in 2021
   Tremor Technologies, the insurtech with a technology-based programmatic insurance and reinsurance risk transfer marketplace, has experienced particularly strong growth in 2021, expanding the amount of risk transferred through its marketplace with $175 million of premium transacted this year.
8. Ardonagh gets major investment from PE funds, ADIA & institutions
   The Ardonagh Group, a UK headquartered independent insurance broking, underwriting, servicing and management company and the owner of reinsurance broker Inver Re, has secured a major investment that values the firm at $7.5 billion.
9. Florida Citizens reinsurance & cat bond budget hiked ~60% for 2022
   In 2022, there is a strong chance Florida’s Citizens Property Insurance Corporation buys more private market risk transfer in the form of reinsurance and catastrophe bonds through its Everglades Re program, although the Board has directed a review of risk transfer versus pre-event financing to see how money can be saved.
10. December severe weather in US to complicate or slow renewals: BMS
    After the deadly impacts of the tornado outbreak just about a week ago, the United States has been hit by another historic weather event in recent days, as an “explosive cyclogenesis event” struck the Upper Midwest, which adds to ramifications for the reinsurance renewals.

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 37 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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