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Executives from New York Metropolitan Transportation Authority (MTA) and its captive insurance subsidiary, First Mutual Transportation Assurance Co. (FMTAC), have discussed how the entity utilises the capital markets to create tension and competition between markets when placing its reinsurance program.

Here are the ten most popular news articles, week ending 7th May 2017, 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.

Tom Johansmeyer, Assistant Vice President, PCS Strategy & Development at ISO, launched the Verisk Insurance Solutions reinsurance initiative, and works closely with global reinsurance and capital markets stakeholders worldwide to identify critical needs and collaborate on solutions to address them.

In a recent interview Artemis discussed the outlook for the insurance-linked securities (ILS), catastrophe bond, and the traditional reinsurance marketplace in 2017 with Gary Martucci, Director, Standard & Poor’s Global Insurance Ratings.

Recent commentary on the increasingly costly and damaging impact rising sea levels and adverse weather events has on Florida’s coastline, highlights the potential for the insurance-linked securities (ILS) market to provide solutions and capacity, mitigating the risks.

As part of a new environmental policy at the investment bank, Goldman Sachs will focus on developing new models and use-cases for catastrophe bonds, aiming to help clients mitigate climate risk impacts as well as for financing resilience.

The U.S. based National Railroad Passenger Corporation, better known as Amtrak, said that the just completed $275m PennUnion Re Ltd. (Series 2015-1) parametric catastrophe bond enables it to diversify its risk capital at an attractive cost.

A very interesting new catastrophe bond transaction has been launched to investors. PennUnion Re Ltd. (Series 2015-1) is a $200m (or larger) parametric U.S. storm surge, wind and earthquake bond, with the ultimate sponsor and beneficiary being passenger rail company Amtrak.

Leading catastrophe risk modelling firm RMS, has again provided comprehensive risk analysis for the Turkish Catastrophe Insurance Pool’s (TCIP) parametric earthquake cat bond, Bosphorus (Series 2015-1), further improving the transactions transparency this time around.

Insurance, reinsurance and capital market or ILS participants can and should be doing more to help bridge the escalating flood risk protection gap in Asia, home to some of the most flood prone areas on the planet which are exacerbated by rising asset values and coastal migration.