Best of Artemis, week ending 11th October 2020

Here are the ten most popular news articles, week ending 11th October 2020, 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.

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Ten most read articles on Artemis.bm, week ending 11th October 2020:

1. Nephila to be Markel’s single point of entry for property CAT reinsurance
   Nephila Capital is set to become the single point of entry for Markel to access property catastrophe reinsurance, as the company shutters its Markel Global Reinsurance property CAT unit and creates a centre of excellence for catastrophe risk under the ILS fund manager.
2. Swiss Re’s appetite propelled by “significant rate hardening” in catastrophe risks
   In announcing its first-half results this summer, global reinsurance giant Swiss Re explained that it is experiencing and taking advantage of “significant rate hardening” across natural catastrophe exposed business lines.
3. Climate risk means we’re not far off a $300bn loss year: Flandro, Hyperion X
   The insurance marketplace is not that far off a $300 billion loss year and it’s vital reinsurance and ILS markets price adequately for climate change risk, according to David Flandro, Managing Director of Analytics at Hyperion X.
4. Gross to net strategy & reinsurers heavy retro use questioned by cedants
   Reinsurance cedants are increasingly concerned by the heavy use of retrocession and the gross to net strategy of some reinsurers, a survey from rating agency Moody’s suggests.
5. Hudson Structured backs Aon’s “ILS friendly” solution for intellectual property assets
   Hudson Structured Capital Management Ltd., the insurance-linked securities (ILS), reinsurance and transportation focused investment manager, was the largest capacity provider to back a first transaction from a new financing solution for intellectual property assets created by broking group Aon.
6. Lloyd’s ILS offering “different to Bermuda but complimentary” – Neal
   John Neal, CEO of Lloyd’s of London, explained that the insurance-linked securities (ILS) offering being developed for the market will be “different to Bermuda, but complimentary,” as he acknowledged Lloyd’s was slow to embrace the ILS opportunity.
7. CEA’s new Ursa Re II catastrophe bond triples in size to $775m
   The California Earthquake Authority (CEA) has elected to significantly upsize its latest catastrophe bond issue we can report, with its new Ursa Re II Ltd. (Series 2020-1) transaction now priced at $775 million in size, more than three times the initial amount of notes offered to investors.
8. ESG more than just a branding exercise in ILS, panellists explain
   Whether an asset class has positive ESG (environmental, social or governance) characteristics is one of the hot topics of the investing world, so naturally a topic of focus in insurance-linked securities (ILS) at this time. But it’s more than just a branding exercise in the ILS market, panellists made clear today.
9. Storm Alex could be costliest European catastrophe of 2020: Aon
   Wind related impacts and severe flooding and landslides from recent windstorm Alex that struck France and Italy are expected to drive billions in economic costs and hundreds of millions of losses to the insurance industry, according to Aon.
10. Fidelis returns for second Herbie Re cat bond, a $175m multi-peril deal
    Fidelis has returned to the catastrophe bond market for its second transaction, as the company looks to embed the capital markets more deeply within its reinsurance program arrangements with a $175 million Herbie Re Ltd. (Series 2020-2) issuance.

This is not every article published on Artemis during the last week, just the most popular, some of which were published over a week ago. There were 36 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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