Best of Artemis, week ending October 17th 2021

Here are the ten most popular news articles, week ending October 17th 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 Artemis.bm, week ending October 17th 2021:

1. Catastrophe losses running at double the average, highest since 2017: Jefferies
   Global insurance and reinsurance market losses from natural catastrophes and severe weather events are now running at double the long-term average so far in 2021 and are at the highest level seen since 2017, according to analysts at investment bank Jefferies.
2. Catastrophe capital charges. Time for an update?
   There’s a lot of talk in the industry about the potential for important rating agency capital charges associated with property catastrophe risks to be updated soon, to account for what some are now viewing as a changed, or different, loss environment.
3. RenaissanceRe sees significant $725m hit from catastrophes in Q3
   RenaissanceRe (RenRe), the Bermuda headquartered global reinsurance firm and third-party capital management specialist, has pre-announced an expectation of $725 million of net catastrophe losses for the third-quarter of 2021, a particularly significant hit for the period.
4. Markel CATCo buyout proposal challenged by Pension Insurance Corporation (PIC)
   Pension Insurance Corporation plc (PIC) announced just now that it intends to try and put together an investor group to challenge retrocessional reinsurance investment manager Markel CATCo’s proposed buyout scheme, saying that it believes it will “drastically undervalue the interests of investors.”
5. Reinsurance rates must rise, to cover rising climate risks: Swiss Re’s Reichelt
   Reinsurance capacity and reinsurance pricing have to rise further in order to cover the growing risks posed by climate change, climate-related risks and so-called secondary peril catastrophe events, Swiss Re’s Frank Reichelt explained.
6. Blackbird ILS Marketplace registered in Bermuda
   A new insurance-linked securities (ILS) marketplace provider has been registered in Bermuda and has joined the regulatory sandbox of the Bermuda Monetary Authority (BMA), with the Blackbird ILS Marketplace promising to bring securitized cyber and specialty lines business to investors in a fixed income format.
7. Aon completes another collateralized intellectual property financing
   Aon has announced the completion of another collateralized intellectual property transaction to help brain-assessment device innovator BrainScope secure a financing solution for its intellectual property assets.
8. Why isn’t the ILS market writing more cyber risk?
   For our latest Artemis Live video interview, we were joined by Tom Johansmeyer, Head of PCS to discuss the subject of cyber risk and ask the question, why isn’t it a bigger exposure in the insurance-linked securities (ILS) market?
9. $400m renewal of Acorn Re parametric US quake cat bond targeted
   A second renewal transaction for the novel parametric catastrophe bond deal that ultimately provides earthquake related workers compensation protection to an insured has come to market, with an Acorn Re Ltd. (Series 2021-1) transaction now in the market seeking to renew protection to benefit the Kaiser Permanente health group.
10. Expansion of ILS is the holy grail: Aspen’s Christian Dunleavy
    Aspen Insurance Holdings Limited looks to bring third-party reinsurance capital to every transaction, and as the re/insurer’s capabilities here continue to evolve, insurance-linked securities (ILS) capacity has become central to its thinking, according to Christian Dunleavy.

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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