Best of Artemis, week ending July 24th 2022

Here are the ten most popular news articles, week ending July 24th 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.

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Ten most read articles on Artemis.bm, week ending July 24th 2022:

1. Demotech warns 17 Florida carriers of downgrades, state leadership responds
   Rating agency Demotech has warned an additional 17 Florida property insurance carriers that they may have their ratings downgraded on July 26th, a move that has resulted in a backlash from Florida’s state Insurance Commissioner and CFO.
2. January 2023 renewals a “key test” for property catastrophe reinsurance
   The next major set of reinsurance renewals, at January 2023, are set to be a key test for the property catastrophe reinsurance market, in defining whether or not we’re really in a true hard market, according to analysts at JMP Securities.
3. No capital structure immune as Florida market remains in free fall: ALIRT
   Recent changes in the strategic direction of Florida property insurance players, as well as continuing failures and challenges for other carriers, show that “no capital structure remains immune” in this marketplace, which according to ALIRT Insurance Research continues to be in a sort of free fall.
4. Climate change concerns to support reinsurance pricing: Goldman Sachs
   Equity analysts at investment bank Goldman Sachs believe that concerns over climate change and its influence on severe weather related catastrophes are set to support reinsurance pricing in future.
5. Rhine river level falls in heatwave, bringing parametric triggers into focus
   Water levels in Germany’s river Rhine have dropped to levels that are now concerning shipping and transport companies, as well as those looking to trade and receive goods using the waterway, with levels forecast to decline close to where we understand parametric triggers for insurance have been set.
6. Florida: Won’t anyone think about the reinsurance (brokers)
   It’s remiss not to consider the impact on the reinsurance market, how that may further pressure those carriers and also the challenges this all poses for reinsurance brokers as well.
7. Caribbean regional cat bond planned with World Bank support
   Work is underway to develop a catastrophe bond for the Caribbean region with the support of the World Bank, with four countries currently engaged and as many as four others thought likely to join the effort.
8. Global insured catastrophe losses above avg at $39bn in H1 2022: Aon
   The insurance and reinsurance industry faced above average catastrophe losses from across the globe in the first-half of 2022, with the total coming to $39 billion, some 18% above the average, according to data from Aon.
9. Australian super fund performance tests could limit ILS investing
   Government instigated performance tests for Australian superannuation funds, so pension and retirement investment houses, could potentially have an effect of making investing into asset classes like insurance-linked securities (ILS) at scale more challenging, research suggests.
10. K2 sees positive mid-year ILS dynamics, now “strongly overweight” retro
    The mid-year reinsurance renewals and catastrophe bond activity saw positive developments in market dynamics according to hedge fund specialist manager K2 Advisors, which has also updated its view to “strongly overweight” for retrocession investments, in response to improved conditions.

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 26 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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