Here are the ten most popular news articles, week ending May 29th 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 May 29th 2022:
- Florida’s special session property insurance reforms: Opportunity lost?
Industry contacts have been raising concerns that proposed property insurance related legislation will not go far enough on litigation and won’t do enough to bring reinsurance market confidence back to the state.
- Berkshire, D.E. Shaw, Chubb could fill some last-minute Florida holes: KBW
Some of the companies known for being reinsurance providers of “last resort” could step in to fill some last minute holes at the Florida renewals, according to analysts at KBW, but this would likely only be in higher-quality accounts.
- Florida: Some carriers are on life support, others about to pull the plug
Driving home the seriousness of the situation in Florida’s property insurance market today, the sponsor of one of the bills being discussed at the special legislative session in Tallahassee said on the floor that some carriers in the state are “on life support.”
- 45% expect to use more ILS & third-party capital at renewals: Survey results
We’ve published the results of our latest global reinsurance market survey, in which we polled market participants on the state of the market as the key mid-year renewal season fast-approaches.
- Swiss Re seeking $150m Matterhorn Re US wind cat bond
Swiss Re has returned to the catastrophe bond market in search of per-occurrence US hurricane protection, seeking to secure a $150 million slice of retrocession through a new Matterhorn Re Ltd. (Series 2022-2) issuance, Artemis has learned.
- Florida reinsurance renewals to see “material” rate increases: KBW
The June 1st Florida focused reinsurance renewals are expected to be very late, but prospects for rate increases are said to be particularly good, as analysts at KBW said they expect Florida property catastrophe rate increases well above the January 1, 2022 renewals’ low double-digit pace.
- Video from ILS NYC 2022 conference. Session 1: Predictable
At our recent ILS NYC 2022 conference in New York, speakers discussed the need to deliver a more predictable experience, where possible, to stakeholders such as insurance-linked securities (ILS) investors and reinsurance counterparties, during the first session of the day which is now available to view online.
- Aon warns “2022 has not begun well” in reinsurance
Broking giant Aon has delivered a warning that the year is not going particularly well for its tracked reinsurance cohort so far in 2022, with global issues and major losses likely to reduce returns.
- Reforms won’t have immediate positive impact on reinsurance in Florida: Survey
One of the most telling and timely findings of our latest global reinsurance market survey is related to a topic we’ve been covering regularly of late, the special session of the Florida legislature and its proposed property insurance market reforms.
- NOAA: 65% chance 2022 hurricane season activity above-normal
The US weather service NOAA has just announced its forecast for the 2022 Atlantic hurricane season, and they are another organisation saying it is likely to see above-normal levels of tropical storm activity, with a 65% chance of an above-normal season in 2022.
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.
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