Best of Artemis, week ending November 27th 2022

Here are the ten most popular news articles, week ending November 27th 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 27th 2022:

1. Aon’s Marcell highlights lack of reinsurance renewal quotes issue
   Andy Marcell, the CEO of Aon’s Reinsurance Solutions, has highlighted the slow and delayed start to the reinsurance renewals and implies the lack of quoting activity has become an issue, calling on reinsurance markets to “move towards” risk at this renewal, not away from it.
2. Renewals: 40% risk-adjusted rate increases not enough for some market
   Reinsurance renewal negotiations continue, but we’re told some placement proposals delivered for market feedback are receiving short-shrift, with carriers’ pushing back and asking for more rate.
3. 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.
4. Property cat rates to increase 20% to 30% above inflation in 2023: Peel Hunt
   Analysts at Peel Hunt are forecasting that property catastrophe reinsurance rates may increase 20% to 30% above inflation in 2023, based on conversations they’ve had with underwriters and brokers.
5. Cat bond market got lucky with hurricane Ian: Florian Steiger, Twelve Capital interview
   For our latest Artemis Live video interview, we discussed the state of the catastrophe bond market after hurricane Ian and the opportunities now available to investors with Florian Steiger, Head of Cat Bonds at specialist ILS and reinsurance asset manager Twelve Capital.
6. Reinsurance capital impaired, creating “generational” opportunity: Howden’s Flandro & To
   The apparent impairment of global dedicated reinsurance capital is set to create “generational” opportunities for underwriting companies, according to David Flandro and Michelle To of Howden Broking.
7. Allianz AGCS to expand Alternative Risk Transfer (ART) team
   Allianz Global Corporate & Specialty (AGCS) has announced an impending expansion of its Alternative Risk Transfer team, as the global insurance and reinsurance player continues to expand the use of non-traditional risk transfer and capital solutions for its clients.
8. Credit Suisse ILS makes Baltesar Head of Underwriting & Pricing
   Credit Suisse Insurance Linked Strategies Ltd., the ILS focused unit of the global asset manager, has promoted Benjamin Baltesar to the position of Head of Underwriting and Pricing.
9. Cat bond fund index recovery from Ian continues, with 0.60% weekly gain
   Catastrophe bond funds, as measured by the Plenum CAT Bond UCITS Fund Indices, have gained another 0.60% on average in the last week, as valuations continue to be adjusted upwards to take account of lower loss expectations for recent hurricane Ian.
10. Fidelis secures downsized $80m Herbie Re quake cat bond at 30% higher pricing
    In a clear signal of catastrophe bond market pricing and cat bond investor demand for adequate returns, Fidelis’ new Herbie Re Ltd. (Series 2022-1)  catastrophe bond has been priced at a below-target size of $80 million, with the risk interest spread fixed at roughly 30% above the initially marketed mid-point.

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 30 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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