Best of Artemis, week ending June 26th 2022

Here are the ten most popular news articles, week ending June 26th 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 June 26th 2022:

1. Cat bond market more balanced, as spread widening slows
   The catastrophe bond market, which has experienced a prolonged period of spread widening through much of the second-quarter, is now seemingly becoming more balanced, as a greater equilibrium between supply and demand is found, resulting in more attractive execution for four recent cat bond sponsors.
2. Florida’s insurance market on the verge of failure: Triple-I
   Florida’s insurance marketplace has been plagued by extreme levels of fraud and litigation, which is driving the homeowner’s insurance market’s demise in the state, according to the Insurance Information Institute (Triple-I).
3. Where is the giant wall of reinsurance capital?
   With property catastrophe reinsurance rates having risen by at-least double-digits for many cedents at the renewal seasons so far in 2022, analysts from RBC Capital Markets pose a valid question. Why aren’t we seeing a wall of capital flood into the space?
4. Property cat pull-back bodes well for pricing into 2023: JP Morgan
   The fact some large and previously significant catastrophe exposed reinsurance firms have announced plans to pull-back and reduce exposures this year bodes well for pricing right through into 2023, according to analysts from JP Morgan.
5. Rate adequacy & claims inflation “the most critical question” – Niklaus Hilti interview
   In the current macro-economic environment, it is critical the reinsurance and insurance-linked securities (ILS) markets get to grips with inflation and making sure it is priced for, Niklaus Hilti explains in a new Artemis Live video interview.
6. UPC shrinks reinsurance towers by $460m, reduces quota share by 5%
   United Insurance Holdings Corp., also known as UPC Insurance, has completed its catastrophe reinsurance renewals, with its towers shrinking by $460 million of limit, its quota share being reduced by 5%, while costs per unit of limit look up slightly over the purchase.
7. Louisiana gets extra reinsurance for Citizens to cover policies of failed insurers
   Louisiana’s Department of Insurance said that it has arranged extra reinsurance to secure coverage for policyholders affected by the failure of a number of coastal property underwriters, giving more time for the policies to be placed elsewhere, or assumed by Louisiana Citizens.
8. Vesttoo hires Stefano Sola as Global Head of Capital Markets
   Vesttoo has made a key hire, attracting experienced insurance-linked securities (ILS) executive and innovator Stefano Sola to join the company in the role of Global Head of Capital Markets.
9. Ledger raises $75m to accelerate ILS / data revenues & grow team
   Ledger Investing, the insurance technology (insurtech) and insurance-linked securities (ILS) focused company, has announced a successful new Series B capital raise that has secured it $75 million in growth capital.
10. ESG policies becoming critical in private capital markets
    Investment funds in the private capital markets sector increasingly need to be seen to be quickly moving towards, or having already implemented, a rigorous environmental, social and governance (ESG) policy, or they could risk falling outside of many institutional investor’s consideration.

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 25 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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