Best of Artemis, week ending June 9th 2024 –

Here are the ten most popular news articles, week ending June 9th 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.

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Ten most read articles on, week ending June 9th 2024:

  1. PGGM calls for more data and transparency in the ILS market
    PGGM, the Dutch pension investment manager that is the largest single allocator to the insurance-linked securities (ILS) market on behalf of end-client pension PFZW, has issued a call for ILS fund managers to provide more data and transparency.
  2. The first $4bn+ cat bond month ever. Issuance running 38% ahead of record year
    We’ve now cleared the $4 billion cat bond issuance milestone for May 2024, while year-to-date issuance is tracking 38% ahead of the previous record for the first five months.
  3. Cat bond risk spreads now up by 23% since March
    At the end of May, the overall yield of the catastrophe bond market had reached 13.54%, its highest level since September, with the driver of this being the spread widening seen in the market, as cat bond risk spreads rose by 13% in the last month alone.
  4. Industry must tackle European catastrophe loss creep issue: Swiss Re
    Swiss Re has called for an industry focus on the issue of loss creep after natural catastrophe events in Europe, saying it is an “industry-wide phenomenon”, that shows the need for more up-to-date insured values to be used and for better information flow along the market chain.
  5. Twelve Capital hires Tanja Wrosch as Head of Cat Bond Portfolio Management
    Twelve Capital, a Zurich-headquartered insurance and reinsurance focused investment manager, has announced a key hire for its catastrophe bond team, with former Credit Suisse ILS employee Tanja Wrosch joining to head up portfolio management for cat bonds.
  6. ILS fund diversity makes multiple ILS allocations a consideration: SIGLO research
    The landscape of insurance-linked securities (ILS) fund products is relatively broad and diverse, even though the majority of ILS funds are crowded into similar sizes and target similar levels of risk, meaning that, for investors, there is value in considering multiple ILS allocations, according to SIGLO Capital Advisors AG.
  7. Cat bonds still complementary rather than competition, for now: BofA
    Analysts at BofA Securities Inc. have highlighted that while catastrophe bonds remain a complementary source of capital rather than pure competition for reinsurance carriers, that could change in time, but the analysts see any resurgence in the private ILS and collateralized reinsurance space as a more pressing threat to traditional players.
  8. UBS recommends maintaining ILS exposure, notes weather analysis key at mid-year
    UBS Hedge Fund Solutions, a division of UBS Asset Management focused on managing and advising on a range of alternative assets for clients, has recommended maintaining exposure to insurance-linked securities (ILS), but in what could be a nod to hurricane season forecasts, noted that weather analysis is key around the reinsurance renewals this year.
  9. Nephila Capital hires new Bermuda underwriter Anderson from Arbol
    Nephila Capital, the climate and catastrophe risk focused insurance-linked securities (ILS) and reinsurance investment manager unit of Markel, has hired Brenner Anderson as an underwriter in Bermuda, who brings experience in weather derivatives and parametric risk transfer from his time at Arbol.
  10. S&P: Re/insurer use of third-party capital & ILS will continue to grow
    The use of third-party capital by reinsurance companies is expected to remain a key lever for the sector, as they seek to expand and take advantage of increasing demand for their coverage, S&P Global Ratings has said.

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 28 new articles published in the last week.

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