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Best of Artemis, week ending February 5th 2023


Here are the ten most popular news articles, week ending February 5th 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 5th 2023:

  1. RenRe raised $403m from investors for 1/1. Where it flowed is telling
    RenaissanceRe raised an additional almost $403 million of capital from third-party investors in time for the January 2023 renewal season, with the vehicles benefiting being its DaVinci Re sidecar and its catastrophe bond fund Medici.
  2. US property cat rates hit record-high, ~97% up since 2017: Guy Carpenter
    Property catastrophe reinsurance rates-on-line in the United States have reached a record-high, according to the latest data from broker Guy Carpenter.
  3. Hurricane Ian estimates trend lower, some ILS fund side pockets reduced
    Some of the side-pockets established by insurance-linked securities (ILS) funds in the wake of hurricane Ian are now being reduced in size, as estimates from the storm continue to trend lower than originally expected, according to Artemis’ sources in the ILS investment community.
  4. Positive cat bond returns possible even with Ian repeat: Wrosch, Credit Suisse ILS
    Catastrophe bonds look set to be the winners of the current market dynamics in insurance-linked securities (ILS), with strong demand expected for their protection and as investment assets, but Tanja Wrosch of Credit Suisse Insurance Linked Strategies cautions that issuance must be “on investors’ terms.”
  5. Arbol more than doubles parametric premiums written to $170m in 2022
    Arbol has reported a more than doubling of its gross premiums underwritten for 2022, with the total rising to $170 million for the year.
  6. Collateral can be held too long for US wind ILW’s, study suggests
    With the key January reinsurance renewals having been challenging and characterised by reduced capacity and higher pricing, the focus can often turn to buying hedges such as industry-loss warranties (ILW’s), but a new study highlights some issues investors should be aware of.
  7. Swiss Re splits reinsurance division and Group CUO responsibilities
    Global reinsurer Swiss Re has announced a significant restructuring of its reinsurance division, splitting it into property and casualty and life and health reinsurance, a move that also separates the responsibilities of its recently departed Group Chief Underwriting Officer.
  8. Stone Ridge launches blockchain & digital asset risk MGA, Proof Insurance
    Stone Ridge Asset Management has launched Proof Insurance Solutions, a managing general agent (MGA) with a focus on underwriting risks from the blockchain and digital asset sectors.
  9. Nephila Capital adds $200m for January renewal, lifting AuM to $7.4bn
    Nephila Capital has added $200 million of new capital in time for deployment around the January reinsurance renewals, which took its assets under management to $7.4 billion.
  10. Industry loss cat bonds show significant relative value: Twelve Capital
    Given spread widening has been seen to be more considerable with index-linked, or industry loss triggered, catastrophe bonds, compared to indemnity deals, investment manager Twelve Capital says there is significant relative value in them and as a result it advises being overweight to the index trigger cat bond category.

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 36 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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