Swiss Re Insurance-Linked Fund Management

PCS - Emerging Risks, New Opportunities

Best of Artemis, week ending July 16th 2023


Here are the ten most popular news articles, week ending July 16th 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.

Tickets are now available for Artemis London 2023, our next ILS conference (Sept 5th)

artemis-cat-bond-ils-newsTen most read articles on, week ending July 16th 2023:

  1. Nephila writes $756m of Florida Citizens renewal, Berkshire takes $1bn
    Nephila Capital has written just over $756 million of the $2.98 billion reinsurance placement by Florida Citizens at the renewals in 2023, but Berkshire Hathaway was the largest participant with a huge $1 billion line.
  2. Vesttoo targets $109m investment-grade Vescor 2023-1 non-cat ILS note issuance
    Vesttoo has an investment grade ILS deal in the market, with circa $109 million of ‘BBB’ rated Vesttoo Bermudian Bay Ltd. (Vescor Series 2023-1) notes on offer.
  3. AXA reportedly looking to offload reinsurance arm
    Reuters reported that AXA is looking to sell its reinsurance arm under AXA XL, as it looks to reduce its exposure to natural disasters.
  4. ILS Asia 2023: Education still critical in relatively untapped region
    The Artemis ILS Asia 2023 conference marked our first in-person return to Singapore and the Asian region since 2019 and while there are marked differences in the conversation surrounding insurance-linked securities (ILS) and the use of reinsurance capital, it is clear the region remains relatively untapped, on both an investment and risk basis.
  5. UCITS catastrophe bond fund AUM rises 18% to near $10.4bn in H1 2023
    Reflecting very strong market activity in the first-half, catastrophe bond funds in the UCITS format saw their combined assets under management (AUM) rise by over 18%, to reach a new record-high of nearly $10.4 billion by the end of June 2023.
  6. Non-life hard market to continue, especially in property: Swiss Re
    The global insurance market is expected to continue experiencing a hard market in non-life risks through the rest of this year at least, with property risks an area of particular focus and also growth as premiums should continue to expand, Swiss Re has said.
  7. Capital raised YTD still far below level needed to soften the cycle: J.P. Morgan
    Capital raised in reinsurance and insurance-linked securities (ILS) year-to-date remains far below the level required to threaten the current hard market cycle, according to analysts at J.P. Morgan.
  8. Cat bond growth “not incompatible” with prolonged hard reinsurance market: BofA
    The BofA Securities analyst team say they are increasingly constructive on the reinsurance sector, one reason being that alternative capital growth is not being driven by the collateralized side of the ILS market, while catastrophe bonds are seen as a more compatible instrument and complementary to traditional reinsurance.
  9. Meaningful industry shift up the catastrophe risk tower: Everest CEO
    Commentary attributed to Everest Group CEO Juan Andrade helps to drive home the fact that reinsurance and so also many ILS strategies are now sitting higher up the catastrophe risk tower, with larger industry loss events required to meaningfully involve them in paying claims.
  10. Augment launched as bespoke reinsurance broker with up to $100m backing from Altamont
    A new, bespoke risk capital and reinsurance solutions broker called Augment has been launched to “revolutionize insurance risk arbitrage,” and is backed with up to $100 million in funding from private equity firm, Altamont Capital Partners.

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 32 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.

View the current breakdown of the ILS market in our range of charts, allowing you to analyse cat bond issuance.

Check out the assets under management of the ILS fund market with our ILS investment manager directory.

Get listed in our MarketView directory of professionals.

Artemis Live - ILS and reinsurance video interviews and podcastView all of our Artemis Live video interviews and subscribe to our podcast.

All of our Artemis Live insurance-linked securities (ILS), catastrophe bonds and reinsurance video content and video interviews can be accessed online.

Our Artemis Live podcast can be subscribed to using the typical podcast services providers, including Apple, Google, Spotify and more.

Print Friendly, PDF & Email

Artemis Newsletters and Email Alerts

Receive a regular weekly email newsletter update containing all the top news stories, deals and event information

  • This field is for validation purposes and should be left unchanged.

Receive alert notifications by email for every article from Artemis as it gets published.