Best of Artemis, week ending June 12th 2022

Here are the ten most popular news articles, week ending June 12th 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.

Ten most read articles on Artemis.bm, week ending June 12th 2022:

1. AXIS Re CEO Arora to depart as it exits property reinsurance. Haugh to take CEO role
   AXIS Capital is refocusing its reinsurance division AXIS Re, with a new CEO named in Ann Haugh and an announcement that it is exiting the property reinsurance business as it continues to reduce catastrophe volatility.
2. Southern Fidelity may wind-down after failing to secure reinsurance, losing rating
   Southern Fidelity Insurance Company, the Florida focused primary carrier, appears likely to wind-down after failing to secure the reinsurance it needs and subsequently losing its Demotech rating.
3. Well above-average 2022 Atlantic hurricane season forecast by CSU
   Colorado State University’s tropical meteorology team led by Phil Klotzbach has increased its forecast for activity in the 2022 Atlantic hurricane season, saying they now anticipate a “well above-average” hurricane season ahead also raising its landfall probability forecasts.
4. Florida Citizens struggles to fill reinsurance towers, only ~36% secured so far
   Florida’s Citizens Property Insurance Corporation, the property insurer of last resort in the state, continues to work on filling out its reinsurance towers for the 2022 wind season, a process that has been a particular struggle given the challenging reinsurance market environment.
5. Howden acquires TigerRisk, expanding reinsurance, capital & advisory capabilities
   Howden Group Holdings has announced the acquisition of reinsurance and risk capital advisory TigerRisk Partners, a deal that positions Howden as a global re/insurance intermediary with $30 billion of premiums placed through its business activities.
6. Nat cat price momentum could hold for 2+ years: Swiss Re CUO Léger
   Speaking at a recent analyst conference, Swiss Re’s Group Chief Underwriting Officer Thierry Léger explained that pricing is now hard in the natural catastrophe reinsurance space, but that further rate hardening is also expected.
7. Leadenhall Capital Partners promotes Volpi to Deputy CEO
   Leadenhall Capital Partners LLP has announced the promotion of long-term employee and partner Lorenzo Volpi to the position of Deputy CEO.
8. Swiss Re upsizes Matterhorn Re cat bond to $200m, at reduced pricing
   Swiss Re appears to have had a very successful visit to the catastrophe bond market with its latest and US hurricane focused  deal, upsizing the coverage it will provide to $200 million, while also getting the protection at lower than guidance pricing.
9. Peak Re’s cat bond to be first to use Hong Kong ILS grant
   Having recently completed the sponsorship of its first ever catastrophe bond, Peak Re wants to play an important role in helping to develop Asia’s insurance-linked securities (ILS) market and building regional resilience.
10. IQUW continues reinsurance build out with addition of Nephila’s Thornton
    IQUW has made some additions to its reinsurance team, including the appointment of Helen Thornton from Nephila Capital as Chief Financial Officer (CFO) of its Bermuda reinsurance operation and Group Head of Finance.

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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