Best of Artemis, week ending April 7th 2024

Here are the ten most popular news articles, week ending April 7th 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 April 7th 2024:

Record setting cat bond market trend continues with strongest ever Q1: Report
The catastrophe bond and related insurance-linked securities (ILS) market has continued to set new records in the first-quarter of 2024, with an impressive $4.23 billion of new issuance recorded, Artemis’ new quarterly market report explains.
CSU forecasts well-above average major hurricane landfall probability for 2024 season
Colorado State University’s tropical meteorology team led by Phil Klotzbach have issued their first forecast for the 2024 Atlantic hurricane season, estimating that 23 named storms, 11 hurricanes and 5 major hurricanes will be seen, while landfall probabilities are also forecast to be elevated.
Further reinsurance market softening seen likely: Gallagher Re CEO
It is hard to see anything other than further small price improvements for reinsurance cedents given the strong state of both traditional and alternative reinsurance markets at this time, Tom Wakefield, CEO of broker Gallagher Re has said.
Catastrophe bond market “no longer hard” – Lane Financial
The catastrophe bond hard market is over and prices have been softening since late 2023, leaving the market back close to the mean, but perhaps just beginning to dip into what Lane Financial calls soft market territory.
Credit spread developments could drive surge in catastrophe bond inflows: Jefferies
A developing situation in the corporate bond market has the potential to drive a significant increase in interest in insurance-linked securities (ILS) and has the potential to drive more inflows to the catastrophe bond market, analysts at Jefferies have suggested.
Aon: Dramatic property cat shift at renewals. ILS capital at new $108bn high
Aon has noted a buyers market for property catastrophe reinsurance at the April renewals, with flat to slightly down pricing and an environment where there has been a “dramatic shift” towards ample capacity, within which ILS market growth is a key factor.
MultiStrat targets “significant growth” after deploying $1.75bn in casualty ILS
MultiStrat has deployed $1.75 billion of investor capital through its casualty ILS deals so far and is targeting further “significant growth” this year.
Jamaica returns for $150m+ World Bank cat bond to cover four hurricane seasons
The Government of Jamaica has returned to the catastrophe bond market as anticipated, with an initial target to secure at least $150 million in parametric named storm disaster insurance protection from the capital markets through this IBRD CAR Jamaica 2024 cat bond, to cover the country over four hurricane seasons.
PGGM / PFZW lift ILS allocation ranges for Swiss Re sidecar, Nightingale Re
Target allocation ranges have been adjusted for some of the investments that make up the giant insurance-linked securities (ILS) portfolio managed by PGGM, the Dutch pension fund investment manager, on behalf of its end-client the Dutch pension PFZW.
Elementum in phenomenal shape, excited about future opportunities: John DeCaro
After a successful 2023 and continued, strong interest in its strategies, insurance-linked securities (ILS) investment fund manager, Elementum Advisors, LLC, is optimistic on the growth of the market and the environment in 2024.

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 40 new articles published in the last week.

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