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Best of Artemis, week ending July 2nd 2023


Here are the ten most popular news articles, week ending July 2nd 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.

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artemis-cat-bond-ils-newsTen most read articles on, week ending July 2nd 2023:

  1. Catastrophe bond market breaks half-year issuance record
    Artemis can now report that issuance of property catastrophe bonds in the first-half of 2023 will close out June at an all-time high for the period of almost $9.7 billion, which beats the full-year total from 2022 and sets a new record for any half-year of cat bond issuance.
  2. Reinsurance most exciting near-term, but more rate rises mean more capital
    The reinsurance market is viewed as the most exciting segment for underwriting at this time, but there is a recognition that should rates continue to rise in 2024, then there is likely to be more meaningful capital entry.
  3. Alternative reinsurance capital grows to new $100bn high: Aon
    According to the latest data from insurance and reinsurance broker Aon, alternative reinsurance capital, largely deployed in insurance-linked securities (ILS) formats, has resumed growth and reached a new high of $100 billion.
  4. Recent US severe thunderstorm insured losses said up to $10bn by CoreLogic
    Reflecting the severity of recent severe thunderstorms and convective weather events in the United States, modeller CoreLogic has estimated that the stretch of activity between just June 11th and 15th could result in insurance market losses of up to $10 billion.
  5. Lockton Re hires former Nephila exec Chris Parish as market innovation lead
    Lockton Re, the reinsurance arm of the independent broking group, has announced the hiring of former Nephila Capital executive Chris Parish who will join the company as its new Market Innovation Leader.
  6. Alternative capital raises accelerate to ~$11bn YTD, says Berenberg
    Having only a few weeks ago estimated that as much as $8 billion of alternative reinsurance and insurance-linked securities (ILS) capital had been raised year-to-date, analysts from investment bank Berenberg have now upped that amount to ~$11 billion.
  7. Monarch Point Re collateralized insurers set up in Bermuda. Possible AXIS link
    Two new examples of the collateralized insurer class of company have been set up in Bermuda, with Monarch Point Re (ISAC) Ltd. and Monarch Point Re (ISA 2023) Ltd. both registered by the regulator in May.
  8. Parametric hurricane cover powered by HWind: Moody’s RMS & Swiss Re Corporate Solutions interview
    Parametric insurance solutions continue to be more broadly adopted, but the technology behind their triggers is also critical and solutions are developing fast, Callum Higgins from Moody’s RMS and Martin Hotz from Swiss Re Corporate Solutions explained in a recent video interview.
  9. ILS investors willing to take on more risk, if the price is right: Peel Hunt
    Insurance-linked securities (ILS) investors appear ready and willing to take on more peak peril severity catastrophe risk, if the price is right, leading analysts at Peel Hunt to suggest the ILS market is primed for growth.
  10. Integral ILS grows AUM by over one-third in 2023, hits $2bn at mid-year
    Integral ILS Ltd., the insurance-linked securities (ILS) investment fund manager founded by experienced ILS industry executives Richard Lowther and Lixin Zeng, has grown its assets under management to a new high of $2 billion at the mid-point of the year.

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.

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