Best of Artemis, week ending 22nd November 2020

Here are the ten most popular news articles, week ending 22nd November 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.

Ten most read articles on Artemis.bm, week ending 22nd November 2020:

1. Swiss Re exploring more permanent alternative capital structures: CFO
   During its annual investor day last week, Swiss Re’s CFO John Dacey explained just how important the use of alternative capital and relationships with insurance-linked securities (ILS) investors has become for the company, explaining that it aims to build on its use of ILS capacity and find ways to make the capital more permanent.
2. ESG has huge strategic relevance for risk transfer & ILS markets, survey finds
   During the third-quarter of 2020 we teamed up with boutique consulting firm Synpulse to conduct a survey looking at the maturity of environmental, social, and governance (ESG) adoption in the risk transfer, reinsurance and insurance-linked securities (ILS) markets.
3. Named perils & alignment are priorities for year-end: Millette at Prospectus 2021
   With the important January 1st, 2021 reinsurance renewals fast approaching, priorities for the insurance-linked securities (ILS) market for year-end are expected to include named perils and ensuring alignment amid a hardening environment, according to Michael Millette, Founder & Managing Partner, Hudson Structured Capital Management.
4. Hudson Structured & Aon team up for $70m cyber catastrophe product
   Hudson Structured Capital Management Ltd., which enters into insurance and reinsurance investment business as HSCM Bermuda, has teamed up with broking powerhouse Aon for a new cyber catastrophe coverage product, that can cover systemic cyber risks for insurance and reinsurance ceding companies.
5. Where possible, climate risk must be explicitly baked into models: Prospectus 2021
   As vendor catastrophe models and elevated annual losses show that secondary perils have grown in prevalence for the re/insurance and insurance-linked securities (ILS) markets, climate risk needs to be explicitly baked in, according to Kelly Hereid, Director, Catastrophe Research & Development, Liberty Mutual Insurance.
6. 1-in-100 year global insured loss now over $300 billion: AIR
   The 1% aggregate exceedance probability insured loss (also the 100-year return period loss) from catastrophe events around the globe has risen to more than US $300 billion, according to risk modeller AIR Worldwide.
7. Nephila Capital gets $100m investment from New Jersey state pension
   Nephila Capital, the largest dedicated manager of insurance-linked securities (ILS) and catastrophe or weather exposed insurance and reinsurance assets, has won a $100 million allocation from the state of New Jersey Division of Investment, a manager of state pension funds.
8. Conduit Re gets preliminary A- rating as start-up plans progress
   Conduit Re, the pure reinsurance start-up looking to raise $1.1 billion with a London Stock Exchange listing and launch in Bermuda, has had an early signal of approval from rating agency AM Best, which has given the company an all-important preliminary A- rating.
9. PCS’ Johansmeyer expects capital availability could be a major issue
   The implications of the ongoing Covid-19 pandemic on the re/insurance market suggests that the availability of capital is going to be a major issue, according to Tom Johansmeyer, Head of PCS.
10. Growing flood gap a “catalyst” for ILS: Franklin Templeton
    Global investment firm Franklin Templeton has released a new report that examines the growing role of insurance-linked securities (ILS) in alleviating flood risk, particularly in the US where the financial burden on FEMA and the Treasury seems to be increasing every year.

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 35 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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