Best of Artemis, week ending December 17th 2023

Here are the ten most popular news articles, week ending December 17th 2023, 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 December 17th 2023:

Swiss Re brings first cyber industry-loss cat bond under Matterhorn Re
Global reinsurance giant Swiss Re is bringing the first industry-loss triggered cyber catastrophe bond to market, seeking $50 million of retrocession against systemic cyber loss events.
TSR predicts “very active” 2024 Atlantic hurricane season
The first of the long-range forecasts for the 2024 Atlantic hurricane season has now been published and while these extended range outlooks should be treated as very broad guidance for what to expect, the team at Tropical Storm Risk (TSR) anticipate activity 30% above the near and 50% above the long-term norms.
ILS funds are best performing hedge funds of 2023: Preqin
At a time when assets under management (AUM) have been climbing across alternative investment strategies and investors are carefully assessing their allocations and attracted to diversifying assets, the insurance-linked securities (ILS) niche has come out as top performer of the hedge fund world, Preqin has said.
Higher-layers & retro reinsurance to see some rate pressure, Europe to increase: KBW
At the January 2024 reinsurance renewals, the expectation from market participants in Bermuda is that the areas that will see the greatest pressure on rates will be in the higher layers and retrocession, while the European catastrophe reinsurance renewals are expected to see increases, analysts at KBW have said.
Allianz secures €250m Blue Sky Re cat bond at top-end pricing
Allianz has now secured the targeted €250 million in European windstorm reinsurance protection from its Blue Sky Re DAC (2023-1) catastrophe bond issuance, with the notes eventually being priced at the top-end of the initial guidance range.
Florida carriers getting more creative with reinsurance: KBRA
Insurance carriers in the state of Florida have become more creative with how they approach their reinsurance program needs, finding solutions and using alternatives to ensure protection, but challenges persist, rating agency KBRA said in a new report. We think this could lead to some interesting renewal activity in 2024, given the efficiency of ILS capital.
Hiscox sponsoring first cat bond in over two decades, Ocelot Re Ltd.
Hiscox Group is sponsoring its first catastrophe bond in more than two decades, seeking $100 million or more in peak peril aggregate retrocessional reinsurance from the capital markets through an Ocelot Re Ltd. (Series 2023-1) issuance.
Beazley secures $140m of reinsurance with PoleStar Re cyber cat bond
Beazley has now successfully priced its debut 144A cyber catastrophe bond issuance, with the PoleStar Re Ltd. (Series 2024-1) deal confirmed to provide the company with $140 million of cyber reinsurance, while the notes priced within but at the top-end of initial guidance.
Parametric market should prove stable in 2024, despite losses of 2023: WTW
The marketplace for parametric insurance and reinsurance is expected to remain stable in 2024, while activity levels are anticipated to be buoyant, according to broker WTW.
Video from Artemis London 2023. Cyber catastrophe bond developments panel
This video features a fascinating panel discussion on developments in cyber catastrophe bonds from our Artemis London 2023 catastrophe bond and insurance-linked securities (ILS) conference, that was held in London on September 5th 2023.

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 35 new articles published in the last week.

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