Best of Artemis, week ending February 27th 2022

Here are the ten most popular news articles, week ending February 27th 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.

Ten most read articles on Artemis.bm, week ending February 27th 2022:

1. Euro storm losses may hit EUR 5bn. Reinsurance to take majority: Fitch
   Recent severe European windstorm activity from storms Dudley, Eunice and Franklin (Ylenia, Zeynep and Antonia) could drive losses of as much as EUR 5 billion, Fitch said. Verisk (AIR) said the bill could be that much from storms Dudley and Eunice alone.
2. Cyber reinsurance premium to exceed property cat by 2040: Gallagher Re
   New data provides clear support for why the insurance-linked securities (ILS) market has always been so interested in cyber risks as an avenue of market expansion, as reinsurance broker Gallagher Re predicts cyber reinsurance premiums will overtake property catastrophe reinsurance before 2040.
3. Markel values stake in sale of Nephila’s MGA Velocity Risk at $180m
   Markel Corporation has estimated that the recent sale of ILS fund manager Nephila Capital’s managing general agency (MGA) Velocity Risk Underwriters LLC to funds managed by Oaktree Capital Management, L.P. has netted the company around $180 million.
4. TransRe slashes cat book at 1/1 as returns insufficient: Alleghany CEO Brandon
   TransRe, the reinsurance underwriting brand of the Alleghany Corporation, slashed its catastrophe exposures at the January 2022 renewals, making a move to reduce exposure after a number of challenging years where cat losses have dented its performance.
5. Swiss Re targets $200m+ Matterhorn Re aggregate cat bond
   Swiss Re is back in the catastrophe bond market to sponsor its first issuance of the year and in a shift from the recent occurrence cat bonds it has sponsored, this new deal sees the reinsurance giant looking for $200 million or more in annual aggregate retrocessional protection.
6. What a “digital twin” can do for climate ILS product design
   The insurance-linked securities (ILS) market has long designed its risk transfer products and solutions using the insights gleaned from the outputs of catastrophe risk models, but in the future a “digital twin” could be a far more intuitive solution that can drive significant ILS innovation, we believe.
7. Munich Re targets record premiums in positive reinsurance market
   Global reinsurance giant Munich Re is forecasting that it will construct its largest ever portfolio of risk in 2022, as the company anticipates positive reinsurance market conditions and continued growth at renewals this year.
8. Allstate exhausts cat bond as 2021 cat reinsurance recoveries hit $1.37bn
   US primary insurance carrier Allstate has revealed making $1.37 billion of recoveries under its catastrophe reinsurance arrangements during calendar year 2021, $300 million of which came after a full exhaustion of a cat bond.
9. Lodgepine CEO Barnard and President Slade depart Markel
   Andrew Barnard and Brent Slade, the two most senior executives from Lodgepine Capital Management Limited, the in run-off start-up retrocession investment manager owned by Markel Corporation, are departing the company.
10. Hiscox ILS plans growth, raised new assets for 2022: Prabis interview
    Hiscox ILS had a successful renewals and now targets growth in 2022, with some additional assets raised for 1/1, Vincent Prabis explained in a recent video interview.

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 33 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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