Best of Artemis, week ending September 5th 2021

Here are the ten most popular news articles, week ending September 5th 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 September 5th 2021:

1. Hurricane Ida’s impacts dominated the news and all of our updates can be found here
   Our coverage includes industry loss estimates, discussion on the potential reinsurance and insurance-linked securities (ILS) impacts, plus specific commentary on the catastrophe bond market effects of Ida.
2. Hurricane Ida insured wind & storm surge losses seen at up to $25bn by AIR
   AIR Worldwide has estimated that insurance and reinsurance industry losses to onshore property resulting from the wind and storm surge impacts of Hurricane Ida will be between $17 billion and $25 billion.
3. Sale agreed for Credit Suisse linked reinsurer Humboldt Re
   Humboldt Re Ltd., one of the two Guernsey based, Credit Suisse Insurance-Linked Strategies supported rated reinsurance carriers has reportedly been the subject of the signing of a sale purchase agreement, suggesting a new owner has been found.
4. Swiss Re aims for the “best integrated capital franchise” – Rüede
   Global reinsurance firm Swiss Re has continued to add to its growing haul of alternative capital, as its insurance-linked securities (ILS) management operations expand, and now the company targets continued growth, aiming to become the “best integrated capital franchise”, according to Philipp Rüede, Head of Swiss Re’s Alternative Capital Partners (ACP) unit.
5. Bermuda has opportunity to lead the way on ILS ESG: Roundtable
   As momentum continues to accelerate around responsible and sustainable investing, Bermuda’s standing in the global insurance-linked securities (ILS) sector means it’s well placed to capitalise on the growing base of environmental, social and governance (ESG) focused investors, say industry experts.
6. COVID clarity to take time for exposed ILS investments: Albertini, Leadenhall
   For insurance-linked securities (ILS) investments that carry potential exposure to losses related to the COVID-19 pandemic, clarity over the loss position is set to take time, according to Luca Albertini, Leadenhall Capital Partners Chief Executive Officer (CEO).
7. Vantage hires AIR’s Brent Poliquin to lead reinsurance data & analytics
   Vantage Risk, one of the insurance and reinsurance start-ups that launched for the start of 2021, has added a new key hire in catastrophe modelling and data analytics for reinsurance, taking Brent Poliquin from AIR Worldwide.
8. Reinsurance capital grows 3% in 2021. ILS capital growing faster: AM Best
   In 2021 so far, global dedicated reinsurance capital is estimated to have increased by just under 3% to US $532 billion, but insurance-linked securities (ILS), third-party or alternative reinsurance capital has grown faster.
9. Utility LADWP seeks second Power Protective Re wildfire cat bond
   The Los Angeles Department of Water and Power (LADWP) has returned to the catastrophe bond market in search of its second cat bond to provide it with wildfire insurance protection, with an as yet unsized Power Protective Re Ltd. (Series 2021-1) being offered to insurance-linked securities (ILS) funds and investors.
10. Everest hires John Modin from Citigroup as President, Mt. Logan Re
    Global insurance and reinsurance company Everest Re has announced a new President for its Mt. Logan Re Ltd. collateralized reinsurance sidecar-like vehicle, hiring well-known insurance-linked securities (ILS) focused executive John Modin from Citigroup for the role.

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 33 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.

Get listed in our MarketView directory of professionals.

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.