Best of Artemis, week ending November 20th 2022

Here are the ten most popular news articles, week ending November 20th 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 November 20th 2022:

1. No reinsurance “Class of 2023” on the horizon (yet): JPM
   Right now, with only weeks left until the renewals and New Year begins, analysts at J.P. Morgan say they don’t believe there is any reinsurance “Class of 2023” forming on the horizon.
2. Citizens lifts hurricane Ian loss estimate to $3.8bn. Cat bonds not expected to trigger
   Citizens Property Insurance Corporation has significantly increased its loss estimate for hurricane Ian, raising it to $3.8 billion, a level at which some private market reinsurance capacity will likely come into play, but leading it to believe its catastrophe bonds won’t be triggered.
3. Swiss Re makes Jean-Louis Monnier CEO of Swiss Re Capital Markets Corporation
   Reinsurance giant Swiss Re has appointed long-standing insurance-linked securities (ILS) focused senior executive Jean-Louis Monnier as the CEO of its US broker-dealer arm, Swiss Re Capital Markets Corporation.
4. Shinji Yamamoto launches KEYSTONE ILS Capital after departing Aon Securities
   Senior, long-standing Japan-based Aon Securities executive Shinji Yamamoto has departed the company to launch his own venture, in the form of KEYSTONE ILS Capital, a boutique consultancy focused on catalysing more active use of insurance-linked securities (ILS) in Japan.
5. Structural change expected in reinsurance market at 1/1: Beazley CEO Cox
   Beazley CEO Adrian Cox forecasts a “structural change” in the reinsurance market at the January 2023 renewals, especially in property risks, an area his company is ready to capitalise on by writing more business.
6. Cat bond yield spreads could rise 50% to 80% after Ian: Credit Suisse
   The catastrophe bond market is entering an exciting phase and likely to play an increasingly important role in natural catastrophe risks and reinsurance capital, but this will only be achievable if deals are placed on investors’ terms, the Credit Suisse Insurance Linked Strategies (ILS) team has explained.
7. Hurricane Lisa triggers parametric Mesoamerican reef insurance
   Hurricane Lisa’s landfall in Belize on November 2nd has triggered an innovative parametric insurance product that provides a form of protection to fund repairs following storm damage to the largest barrier reef in the Atlantic Ocean.
8. COP27: Global Shield launched with role for parametric triggers & cat bonds
   At the COP27 climate change conference in Egypt the Vulnerable 20 Group of Finance Ministers (V20) of 58 climate vulnerable economies and the Group of Seven (G7) officially launched the Global Shield against Climate Risks, while the World Bank officially launched its Global Shield Financing Facility.
9. Everything’s on the table as fundamental shift occurs at 1/1: Tangency’s Hagedorn
   As the renewal season negotiations get underway, quota share focused ILS investment manager Tangency Capital feels well-positioned and believes the capital it provides is core to reinsurers, so more important than ever in current market conditions.
10. Cat bond funds continue recovery as hurricane Ian loss forecasts decline
    Catastrophe bond funds, as measured by the Plenum CAT Bond UCITS Fund Indices, have gained further ground in the last week of reported data, jumping more than one percent on average at the last available calculation point of November 4th.

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 34 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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