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Best of Artemis, week ending December 26th 2021


Here are the ten most popular news articles, week ending December 26th 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, week ending December 26th 2021:

  1. Nephila launching specialty ILS Syndicate 2358 at Lloyd’s for Jan 1st
    Nephila Capital, the largest investment manager focused on insurance and reinsurance as well as climate risk, has announced the launch of Syndicate 2358 at Lloyd’s, which will have a specialty lines focus.
  2. George Town Re silver jubilee – $135bn of catastrophe bonds tracked
    This December marks the 25th anniversary, or silver jubilee, of the issuance of a landmark catastrophe bond transaction, the George Town Re Ltd. deal, since when Artemis has tracked almost $135 billion of cat bond issuance.
  3. Philippines requests cat bond event calculation for typhoon Rai (Odette)
    The Philippines Government Treasury department has now issued a notice to the calculation agent requesting that an assessment be made as to whether recent super typhoon Rai (locally known as Odette) might have triggered its World Bank issued IBRD CAR 123-124 catastrophe bond coverage.
  4. Florida’s lack of profits seen as “bad bet” by ILS investors: Fermat’s Seo
    The overall lack of profitability in the Florida insurance marketplace has resulted in the state increasingly being seen as a “bad bet” by insurance-linked securities (ILS) investors and means rate improvements are still needed, John Seo, Co-founder of Fermat Capital Management, LLC explained at a recent event in Tampa.
  5. 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.
  6. Tornadoes put aggregate & quota share renewals under more pressure
    For those in the collateralised reinsurance and insurance-linked securities (ILS) market, the recent damaging tornado outbreak and severe US weather event is most likely to manifest through challenges in renewing aggregate covers and quota share arrangements, we hear.
  7. Tangency Capital to portfolio manage Ambassador mutual cat bond fund
    Tangency Capital Ltd., an insurance-linked securities (ILS) investment fund manager whose first strategy was focused on quota share reinsurance business, will be the portfolio manager of a new US mutual investment fund with a focus on catastrophe bonds and insurance-linked securities (ILS).
  8. Catastrophe bonds softer in 2021, but investors holding the line on pricing
    As we’ve been documenting in recent weeks during our normal coverage of every new issuance, there is clear evidence that catastrophe bond funds and investors are holding the line on pricing in recent weeks, with more recently priced cat bond tranches seeing their coupons rise, rather than fall.
  9. Aon Securities hires Merion Square’s Richard Pennay
    Aon Securities, the insurance-linked securities (ILS), catastrophe bond and capital markets of the insurance and reinsurance broker, has announced the hiring of Richard Pennay as Head of ILS, who most recently worked at ILS investment fund manager Merion Square Capital LLC.
  10. Munich Re renews first Eden Re II sidecar tranche for 2022
    Global reinsurance giant Munich Re is close to completing a renewal of its Eden Re II Ltd. fully collateralised reinsurance sidecar vehicle for 2022, with a $42.1 million tranche of Series 2022-1 Class A notes the first to come to light.

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 25 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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