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Best of Artemis, week ending May 22nd 2022


Here are the ten most popular news articles, week ending May 22nd 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, week ending May 22nd 2022:

  1. Florida “flash point” as reinsurance market begins to throw in the towel: ALIRT
    Having previously warned that the Florida insurance market has spent the last 30 years kicking the can of its problems down the road, a road that is now running out, ALIRT analysis now suggests the market is at a “flash point” moment, where it risks reinsurance capital pulling-back even more significantly.
  2. Florida Citizens CFO says risk transfer markets in “disarray”
    The CFO of Florida’s Citizens Property Insurance Corporation said today that the reinsurance risk transfer markets are in “disarray”, meaning the insurer won’t be able to buy its targeted program within budget with the June renewals fast-approaching.
  3. Inflation surging. Catastrophe loss quantum to rise. Pricing for it is key
    A new report from Moody’s paints a gloomy picture of rising combined ratios and elevated loss costs, because of the influence of rising inflation, soaring construction costs and more expensive labour rates, all of which reinforce the need for reinsurance and ILS pricing to cover these factors.
  4. Near-record cat bond spreads opportunity may persist to Q3/4: Leadenhall
    An opportunity for investors to enter or upsize allocations to the catastrophe bond asset class at a time of near-record high spreads could persist right through into the third and fourth quarter of the year, according to Leadenhall Capital Partners.
  5. TWIA renewal FoT’s imply ~29% increase in reinsurance rate-on-line YoY
    Firm order terms (FOT’s) for the 2022 traditional reinsurance renewal for the Texas Windstorm Insurance Association (TWIA) suggest an increase of roughly 29% in rate-on-line (RoL), which translates into a spend higher than budgeted, but that is aligned with market conditions and TWIA’s growing program.
  6. Cat bond & ILS fund returns demolish benchmarks in 2022
    Once again, the insurance-linked securities (ILS) market is demonstrating the value of making investments into relatively uncorrelated assets, as some catastrophe bond and ILS fund strategies have been delivering benchmark-beating returns for the first few months of 2022, against the grain of many other asset classes.
  7. RenRe’s third-party AuM hits $6.8bn thanks to Fontana & fresh capital
    RenaissanceRe, the Bermuda-based reinsurance firm and third-party capital management specialist, saw its external capital under management rise to $6.8 billion by April, helped by the launch of its Fontana Holdings casualty / specialty lines joint venture and some other additional fund raising.
  8. Horseshoe transitions to Artex brand, mission stays the same: Faries
    Leading insurance-linked securities (ILS) market facilitator Horseshoe has transitioned to sit underneath the Artex brand of its parent, but CEO of newly formed Artex Capital Solutions Kathleen Faries told us that this doesn’t change the mission to be the best-in-class ILS service provider.
  9. Hudson Structured grows firm assets to $4bn+ with transportation acquisition
    Hudson Structured Capital Management Ltd., the reinsurance, insurtech, insurance-linked securities (ILS) and transportation focused investment manager, has expanded its overall asset-base to more than $4 billion after the acquisition of a complementary transportation investment business.
  10. “Really significant” property insurance reforms for Florida: DeSantis
    The Governor of Florida Ron DeSantis expects the special session of the legislature will deliver “really significant reforms” to Florida’s property insurance sector, that he believes can stabilise the marketplace there.

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 31 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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