Best of Artemis, week ending January 29th 2023

Here are the ten most popular news articles, week ending January 29th 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.

Ten most read articles on Artemis.bm, week ending January 29th 2023:

1. SCOR gets new CEO, taking Swiss Re CUO Thierry Léger for the role
   France headquartered global reinsurance firm SCOR has announced a new Chief Executive Officer, hiring Thierry Léger for the position, who was most recently the Chief Underwriting Officer of Swiss Re.
2. Tipping point for more profitable reinsurance is approaching: S&P
   With reinsurance pricing now much higher than before, S&P Global Ratings said that, while it continues to have a negative view on the sector, a tipping point is nearing where better profitability could change its view to stable.
3. One of Fidelis’ Herbie Re cat bonds extended on hurricane Ian exposure
   The maturity date has been extended for one of the classes of notes issued under the Herbie Re Ltd. catastrophe bond program, which is sponsored by Specialty insurance and reinsurance company Fidelis.
4. Industry must address systemic risk themes to attract capital: Swiss Re execs
   While the recent reinsurance renewals saw significant ground recovered on pricing and terms, a number of challenging themes remain and the industry must address systemic risk themes to attract enough new capital to meet significant demand, Mike Mitchell of Swiss Re has said.
5. ILS investment opportunity “never been so interesting” – VP Bank
   VP Bank AG, a Liechtenstein-based private bank and asset manager, has said that the insurance-linked securities (ILS) investment opportunity has “never been so interesting”, with the highest yields in over a decade now possible, and further revaluation gains in hurricane Ian exposed catastrophe bonds expected.
6. ILS & reinsurance must demonstrate sustainable margins: Aditya Dutt, Aeolus
   Insurance-linked securities (ILS) and more broadly the reinsurance industry, must demonstrate to investors that the margin in the product is sustainable, to deliver greater confidence to capital and encourage more significant inflows to the space, Aditya Dutt, President of Aeolus Capital Management has said.
7. Cat bond market has $11.5bn issuance potential in 2023: Monnier, Swiss Re
   The catastrophe bond market could see as much as $11.5 billion of new issuance in 2023, but participants are likely to maintain a focus on balancing issuance to available capital, Jean-Louis Monnier, Head Retro & ILS Structuring, Swiss Re Capital Markets told Artemis.
8. Aon embraces Open Exposure Data Standard
   Broking giant Aon is embracing the Open Exposure Data (OED) Standard for the risk modelling of property reinsurance placements, working alongside leading reinsurers to test the hypothesis that this can enhance the sector’s operational efficiency.
9. Travelers targets hard reinsurance market returns via Fidelis quota share
   Travelers executives revealed today that, as part of the investment the giant US insurer made into Fidelis Insurance Holdings, the arrangement also featured a relatively significant 20% quota share reinsurance deal, that will see Travelers able to benefit from hard reinsurance market returns.
10. Visualising higher catastrophe bond spreads & pricing
    With reinsurance rates having hardened considerably, pricing in the catastrophe bond and broader insurance-linked securities (ILS) market has followed suit.

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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