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Best of Artemis, week ending September 17th 2023


Here are the ten most popular news articles, week ending September 17th 2023, 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.

artemis-cat-bond-ils-newsTen most read articles on, week ending September 17th 2023:

  1. Our coverage from the Monte Carlo Rendez-Vous
    Last week saw us covering the RVS event in real-time, as the ILS industry joined reinsurers and service providers in Monaco.
  2. Vesttoo case update: Creditors differ with White Rock JPL’s over stay, cells & discovery
    In the latest court filings under the Vesttoo chapter 11 bankruptcy case, it’s become clear that a difference of opinion has emerged between creditors to the estate, with the Official Committee of Unsecured Creditors taking a different tack to the joint provisional liquidators to Aon’s White Rock Insurance (SAC) Ltd.
  3. Gallagher Re hires Brad Livingston as Head of Collateralized Re
    Gallagher Re has attracted a key hire of an executive with significant insurance-linked securities (ILS) experience, as Brad Livingston has left parametric firm Arbol to join the broker as its new Head of Collateralized Re.
  4. NFIP’s reinsurance set to trigger as hurricane Ian claims hit $4.3bn
    Reinsurance carriers participating in the lowest layer of FEMA’s 2022 National Flood Insurance Program (NFIP) reinsurance tower now appear to be facing losses from hurricane Ian, as the NFIP’s claims from the storm have risen to $4.3 billion.
  5. Swiss Re: Typhoon Saola may trigger Guangdong parametric reinsurance
    Swiss Re may be required to help pay claims related to typhoon Saola’s impacts in the province of Guangdong, China, as the company believes a parametric scheme that it reinsures could be triggered.
  6. Investors more open to ILS with clean exit than new reinsurance startups: Berenberg
    Analysts from investment bank Berenberg have said that investors may, at this time, be more open to allocating capital to reinsurance via insurance-linked securities (ILS) vehicles than through any new “Class of” startup companies.
  7. Beazley sponsors third cyber catastrophe bond, $16.5m Cairney III
    Beazley has now added a third privately placed cyber catastrophe bond, taking its cyber cat bond coverage to $81.5 million after securing a further $16.5 million in cyber reinsurance from the capital markets through a Cairney III issuance.
  8. Cat bonds to overtake collateralized reinsurance, if trends continue: Fitch
    Given the strong growth of the catastrophe bond market over the last year and the fact market conditions and investor preferences favour the structure, if these trends continue, Fitch Ratings Senior Director Brian Schneider said he expects cat bonds will become the largest segment of the alternative reinsurance capital market.
  9. Guy Carpenter urges retro buyers to “create competitive tension”
    Guy Carpenter is calling for retrocession buying clients to leverage both traditional and alternative sides of the market, in order to “create competitive tension” at the upcoming January 2024 reinsurance renewals and beyond.
  10. Allstate considers aggregate stop-loss reinsurance top-up to cap volatility
    Allstate is considering buying more reinsurance, likely in aggregate stop-loss form, in order to cap the volatility its results are suffering from severe weather and cat loss activity, as well as possibly other loss effects.

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 39 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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