Swiss Re Insurance-Linked Fund Management

PCS - Emerging Risks, New Opportunities

Best of Artemis, week ending October 10th 2021


Here are the ten most popular news articles, week ending October 10th 2021, 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 October 10th 2021:

  1. Catastrophe bond issuance still on record pace after Q3: Report
    Catastrophe bond and related insurance-linked securities (ILS) issuance continued at record pace through the third-quarter of 2021, with over $2.7 billion of new risk capital issued and the market now well on-track to beat all its records in 2021.
  2. Markel CATCo in bankruptcy filing. Danish pension PKA revealed major holder
    Markel CATCo Investment Management is to be the subject of Chapter 15 bankruptcy proceedings, with filings made in the United States that have also disclosed Danish pension fund investor PKA A/S as a major holder.
  3. LA Citizens occurrence cat bonds marked down again on Ida loss expectation
    Two outstanding per-occurrence catastrophe bond tranches sponsored by Louisiana Citizens Property Insurance Corporation have been marked down much further on some broker pricing sheets in the last week, with secondary market bid pricing now implying a market expectation of a significant loss of principal.
  4. Cat exposed US property insurance rates soar again in Q3: MarketScout
    Property insurance rates continue to soar higher for homes and businesses in catastrophe exposed regions of the United States, while coverage issues are increasingly emerging for those high-value buildings in peak catastrophe zones.
  5. Cat bond market sets new record as 12-month issuance soars
    The catastrophe bond and related insurance-linked securities (ILS) market has set another new record, as the amount of issuance we’ve recorded across a twelve-month period to end of September 2021 reached a new all-time-high.
  6. NZ Earthquake Commission reinsurance program likely to expand
    The New Zealand Earthquake Commission (EQC), the state-owned residential property disaster insurance entity, is likely to need more reinsurance protection from private markets as new rules are set to dramatically expand the amount of catastrophe risk it takes on.
  7. Investors are looking for the next step in the ILS journey: Live webcast
    The increasingly sophisticated base of investors in the insurance-linked securities (ILS) universe are eager to push the market forward, but there are some forces holding back greater demand, according to industry experts.
  8. Florida Citizens growth could near previous highs. Depopulation in focus
    Florida’s Citizens Property Insurance Corporation continues to see increasing policy counts as ongoing challenges in the private market drive policyholders back to the residual market, resulting in expanding exposure levels and putting depopulation, or takeouts, back in focus.
  9. The biggest catastrophe bond day in history on TRACE?
    October 5th 2021, saw what appears to be the most significant day of catastrophe bond names “trading” and being registered on the FINRA Trade Reporting and Compliance Engine (TRACE) ever, with somewhere around 114 individual names, or tranches, of cat bond notes recorded as seeing activity.
  10. Hurricane Ida drives August losses & uncertainty for private ILS funds
    Private insurance-linked securities (ILS) funds, that invest in collateralised reinsurance and retrocession, took the biggest hits from hurricane Ida in August and as the event happened so close to the end of the month significant uncertainty remains over valuations, with further declines possible when September returns are reported.

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 29 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.

View the current breakdown of the ILS market in our range of charts, allowing you to analyse cat bond issuance.

Check out the assets under management of the ILS fund market with our ILS investment manager directory.

Get listed in our MarketView directory of professionals.

Artemis Live - ILS and reinsurance video interviews and podcastView all of our Artemis Live video interviews and subscribe to our podcast.

All of our Artemis Live insurance-linked securities (ILS), catastrophe bonds and reinsurance video content and video interviews can be accessed online.

Our Artemis Live podcast can be subscribed to using the typical podcast services providers, including Apple, Google, Spotify and more.

Print Friendly, PDF & Email

Artemis Newsletters and Email Alerts

Receive a regular weekly email newsletter update containing all the top news stories, deals and event information

  • This field is for validation purposes and should be left unchanged.

Receive alert notifications by email for every article from Artemis as it gets published.