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Best of Artemis, week ending February 26th 2023


Here are the ten most popular news articles, week ending February 26th 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.

artemis-cat-bond-ils-newsTen most read articles on, week ending February 26th 2023:

  1. Chile seeks $150m parametric quake cat bond via the World Bank’s IBRD
    The Republic of Chile is aiming to secure $150 million of parametric earthquake disaster insurance protection through a new cat bond.
  2. UCITS cat bond fund returns set new record for strongest start to a year
    Catastrophe bond investment funds structured in the UCITS format have reported a record start to the year, with the average return across the leading UCITS cat bond funds reaching 1.77% so far in 2023.
  3. Optimism on Florida, but capital may not be quick to jump back in: ILS NYC 2023
    All of the changes enacted at the latest Florida Special Session will have a positive impact on the region’s property market, but the benefits will need to be proved before reinsurers and insurance-linked securities (ILS) markets really jump back in, according to experts from across the space.
  4. Long investor relationships helped drive K-Cession growth: Hannover Re’s Sehm & Ludolphs
    At the January renewals, global reinsurance firm Hannover Re capitalised on its long-standing relationships with investors to grow its K-Cession quota share sidecar structure to a record size, ultimately helping the company do more to support its ceding clients demand for natural catastrophe capacity.
  5. Florida reinsurance rules of engagement redefined by reforms: Demotech
    For reinsurance capital, the rules of engagement in Florida’s property insurance marketplace have been redefined thanks to the wave of significant legislative reforms that have been enacted.
  6. Kin returns for second Florida cat bond, with $100m Hestia Re 2023-1
    Kin Insurance has returned to the catastrophe bond market to sponsor its second issuance, seeking $100 million or more in Florida named storm protection.
  7. SageSure, SURE & Swiss Re hail largest catastrophe bond since Hurricane Ian
    Having completed its new Gateway Re Ltd. (Series 2023-1) catastrophe bond transaction at a 78% upsized $355 million, coastal property insurance underwriting group SageSure, its SureChoice Underwriters Reciprocal Exchange (SURE) and facilitator Swiss Re have all hailed the fact this is the largest cat bond deal since hurricane Ian struck.
  8. Gallagher Re’s McManus to lead Bermuda ILW and index-cat bond capabilities
    Reinsurance broker Gallagher Re has appointed industry-loss warranty (ILW) and retrocession broker Alex McManus to lead its index-based capabilities in Bermuda.
  9. Insured loss from Turkey earthquakes likely to exceed $5bn: Moody’s RMS
    Moody’s RMS has said today that it anticipates the earthquakes that struck Turkey on Monday 6th February are likely to cause over US $25 billion in economic losses and over $5 billion in losses for the insurance and reinsurance market.
  10. Munich Re retro shrinks slightly, but still $513m from collateralised sidecars for 2023
    The retrocession program of global reinsurance giant Munich Re has shrunk slightly for 2023 as the company navigated the challenging market environment, while still securing $513 million of collateralised capacity for its quota share sidecar vehicles.

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 28 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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