Best of Artemis, week ending March 24th 2024 – Artemis.bm

Here are the ten most popular news articles, week ending March 24th 2024, 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 March 24th 2024:

1. Hannover Re, Vesttoo, creditors reach settlement over longevity swap
   Another settlement agreement has been reached in the Vesttoo bankruptcy case, as the debtors, the Official Committee of Unsecured Creditors and reinsurance giant Hannover Re have reached an agreement over funds related to a longevity swap transaction.
2. Tokio Marine is first Japanese cat bond sponsor to use sustainable development bond
   Tokio Marine Holdings, Inc. has become the first Japanese insurer to make use of a SOFR-based World Bank Sustainable Development Bond as a permitted investment within its latest catastrophe bond issuance, the company highlighted today.
3. Collateral returns, cash and its influence on the catastrophe bond market: SIFMA ILS
   Given the high levels of return on collateral in the catastrophe bond market cash has built up and the market has been expanding on the back of this, which has an effect on the supply and demand balance, which can be viewed both negatively and positively.
4. 2024 hurricane season – La Nina with lower odds of re-curving: Klotzbach at SIFMA ILS
   Speaking at the SIFMA ILS conference in Miami, Phil Klotzbach, Ph.D., a Senior Research Scientist at the Department of Atmospheric Science of the Colorado State University, provided some insights into what to expect for the coming 2024 Atlantic hurricane season.
5. 2024 US convective storm season already breaking hail records: CoreLogic
   According to data, analytics and modelling firm CoreLogic, the 2024 severe and convective weather season in the United States is already breaking records for hail, with a recent event outstripping even those from the costly year of 2023.
6. WTW to develop parametric insurance solution to protect DFC loans from climate risks
   WTW will receive funding from the U.S. Agency for International Development (USAID) to develop a pilot facility that will enable the U.S. Development Finance Corporation (DFC) to offer parametric insurance designed to protect its direct loans to private enterprises from climate risks.
7. $75bn+ loss needed to temper reinsurance optimism: Marsh McLennan Agency
   With the reinsurance market increasingly optimistic and more capacity emerging, Marsh McLennan Agency has said that it would take a single loss event costing the industry more than $75 billion to temper that.
8. First London Bridge cat bond a valuable roadmap for Lloyd’s market: CFO Keese
   The first catastrophe bond to be issued using the London Bridge 2 PCC insurance-linked securities (ILS) structure provides a valuable roadmap for Lloyd’s market participants and Lloyd’s CFO believes the market’s ILS platform offers a viable alternative to domiciles like Bermuda.
9. ILW market activity rising, as preparations for hurricane season begin
   According to Artemis’ sources, activity in the industry-loss warranty (ILW) market has increased in the last few weeks, as reinsurance and insurance-linked securities (ILS) markets prepare for what is anticipated to be an active 2024 Atlantic hurricane season.
10. SCOR Investment Partners hits €20bn AUM. ILS is ~45% of third-party capital
    SCOR Investment Partners, the asset management arm of the French reinsurance group and a manager of insurance-linked securities (ILS) funds, has experienced “significant net inflows” in 2023, taking its overall assets under management to a new high of more than €20 billion.

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.

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.

Get listed in our MarketView directory of professionals.