Best of Artemis, week ending July 31st 2022

Here are the ten most popular news articles, week ending July 31st 2022, 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 Artemis.bm, week ending July 31st 2022:

Cat models don’t properly reflect climate change: RenRe CEO O’Donnell
RenaissanceRe’s CEO Kevin O’Donnell said the catastrophe modelling vendors are failing to robustly capture the effects of climate change.
Demotech says Florida insurer ratings to take longer, defends its process
Rating agency Demotech has now extended the rating revision process for covered Florida property insurance carriers, which had been expected to end today, while at the same time responding to criticism from Florida state leaders.
Florida: Won’t anyone think about the reinsurance (brokers)
With Florida’s property insurance market seemingly entering a new level of crisis, on the news that Demotech may downgrade a slew of carriers which caused a significant backlash from state officials, it’s remiss not to consider the impact on the reinsurance market.
US property cat reinsurance rates at highest level since 2009: Guy Carpenter
Property catastrophe reinsurance rates-on-line in the United States are now back at their highest level since 2009, according to updated data from broker Guy Carpenter.
Swiss Re makes Andy Palmer CEO of Swiss Re Capital Markets Limited
Swiss Re has appointed well-known UK based insurance-linked securities (ILS) focused executive Andy Palmer as the new CEO of its Swiss Re Capital Markets Limited business.
Senator Rubio calls for Florida Federal review of dependence on Demotech
U.S. Senator Marco Rubio (R-FL) has waded into Florida’s property insurance crisis, adding to calls for a Federal review of the states dependence on Demotech as a rating agency.
Gallagher Re hires AXIS’ Gupta as VP ILS Structuring & Origination
Gallagher Re has made a senior insurance-linked securities (ILS) hire, taking Keshav Gupta from his most recent role at AXIS Capital.
Fidelis to separate underwriting and balance-sheet as it launches MGU
Fidelis Insurance Holdings Limited has announced a new strategic shift as it plans the launch of an MGU and a separation of this new underwriting and origination arm from its balance-sheet businesses.
Florida OIR launches temporary reinsurance arrangement through Citizens
In an effort to further stabilise its property insurance marketplace, the Florida Office of Insurance Regulation (OIR) has announced a plan to launch a temporary reinsurance arrangement through Citizens Property Insurance Corporation.
SCOR hires Benjamin Jacquet from Credit Suisse for ILS structuring role
SCOR is set to add more insurance-linked securities (ILS) expertise to its ranks, with the hiring of Benjamin Jacquet who will join the reinsurer from his current role at Credit Suisse Insurance-Linked Strategies.

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 37 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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