Swiss Re Insurance-Linked Fund Management

PCS - Emerging Risks, New Opportunities

Best of Artemis, week ending July 9th 2023


Here are the ten most popular news articles, week ending July 9th 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.

ILS Asia 2023 is almost sold out! Register soon to attend on July 13th in Singapore!

artemis-cat-bond-ils-newsTen most read articles on, week ending July 9th 2023:

  1. US property cat reinsurance rate-on-line Index now up 35% YTD: Guy Carpenter
    At the mid-year reinsurance renewals, US property catastrophe risk-adjusted rate increases were on average the highest in 17 years, with even loss-free accounts generally up by +20% to +50%, according to broker Guy Carpenter.
  2. 2023 hurricane forecast raised again by CSU, higher landfall probability seen
    Colorado State University’s tropical meteorology team led by Phil Klotzbach is anticipating a more active 2023 Atlantic hurricane season, with its latest update increasing the number of hurricanes it predicts by 2, with 1 of those expected to become a major hurricane.
  3. ILS capital to hit $150bn in 2030, but reinsurance to outpace it: Berenberg
    Insurance-linked securities (ILS), or alternative, capital is expected to grow to become a $150 billion market by 2030, but traditional reinsurance capital is expected to grow at a faster pace over the same period, according to an estimate from analysts at investment bank Berenberg.
  4. The biggest quarter of catastrophe bond issuance ever: Report
    The catastrophe bond and related insurance-linked securities (ILS) market saw $7.1 billion of new issuance in the second-quarter of 2023, becoming the biggest single quarter of issuance in the market’s history, Artemis’ latest quarterly report shows.
  5. Velocity launches rated E&S insurer to accelerate MGA-carrier hybrid strategy
    Velocity, the catastrophe exposed property insurance specialist managing general agency (MGA) and holding company operation, has now launched its new E&S carrier Velocity Specialty Insurance Company after securing an A- (Excellent) rating from AM Best.
  6. Fermat Capital Management nears $10bn in cat bond and ILS assets
    Strong growth in catastrophe bond and insurance-linked securities (ILS) assets thanks to successful capital raising efforts sees Fermat Capital Management now fast-approaching the landmark $10 billion in AUM.
  7. Stable expands parametric scope beyond commodity risk, launches Bermuda insurer
    Stable is to expand its scope further into parametric insurance and has launched a Bermuda domiciled Class 3A insurer to help it share in the underwriting economics.
  8. Cyber reinsurance must triple by 2030, capital markets are key: Howden
    Cyber reinsurance capacity needs to grow threefold by 2030 to support the cyber insurance segment in fulfilling its potential, and focus is needed to maintain momentum in making third-party capital a key component of the cyber market’s capital structure, broker Howden has said.
  9. Industry index cat bond prices return to pre-Ian levels: Aon
    The pricing of recent industry index catastrophe bond issues have been at levels last seen prior to hurricane Ian, leading broker Aon to suggest “a quantifiable return to pre-Ian pricing dynamics” has occurred.
  10. Reinsurers lean in at hard mid-year renewals: Gallagher Re CEO Wakefield
    Reinsurance firms took the opportunity to deploy more capital at the mid-year renewals, while the ILS market is seeing increasing interest, as returns improved and investor appetite recovers, according to broker Gallagher Re’s CEO Tom Wakefield.

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 33 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.