Best of Artemis, week ending October 13th 2024

Here are the ten most popular news articles, week ending October 13th 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 October 13th 2024:

Hurricane Milton loss $30bn – $50bn. Substantial ILS impact not expected: Euler ILS Partners
Hurricane Milton is initially estimated to result in insurance and reinsurance industry losses below $50 billion, according to Euler ILS Partners, at which level the notional impact to insurance-linked securities (ILS) portfolios is not expected to be substantial.
Hurricane Milton: Pre-landfall broker loss estimates ranged $15bn to $40bn
Projections for the potential insurance industry loss from hurricane Milton given just a few hours before landfall by two reinsurance broker meteorologists ranged from $15 billion to $40 billion, which appears a reasonable place to begin thinking about the potential quantum of losses set to be experienced.
Hurricane Milton estimated a 0% – 4% principal loss to the cat bond market: Twelve Capital
Analysis undertaken by specialist investment manager Twelve Capital suggests an insurance industry loss in the range of $20 billion to $50 billion from hurricane Milton, with a 0% to 4% principal loss possible for the catastrophe bond market.
Cat bond market index falls 1.34% on hurricane Milton. US wind down 3.64%
Responding to the potential impact of losses from hurricane Milton, the catastrophe bond market has fallen by just 1.34% at the end of week pricing of the index calculated by Swiss Re Capital Markets, while the US wind specific version of the cat bond index fell by only 3.64%.
Milton loss below $50bn may not be sufficient to move pricing: Jefferies
Differing from the views of some other equity analysts, the Jefferies team believe that hurricane Milton would need to result in an insurance industry loss of above $50 billion for it to cause any hardening of property reinsurance at the January renewals.
Hurricane Helene privately insured losses estimated $8bn to $14bn by Moody’s RMS
Moody’s RMS Event Response has said that it estimates private market insurance industry losses from hurricane Helene will be in a range from $8 billion to as much as $14 billion, one of the highest estimates seen so far.
ILS a major change that drove deconstruction of re/insurance balance-sheet: Convergence panel
Speaking at ILS Bermuda’s Convergence 2024 event this week, David King, Founder and Senior Managing Director of Culpeper Capital Partners, stated that insurance-linked-securities (ILS) has been a major change that has helped drive a deconstruction of the traditional insurance and reinsurance balance-sheet.
Starwind raises $270m Fractal Re casualty sidecar. Stone Point, Enstar, State National support
Starwind Specialty Insurance Services, LLC, a program management subsidiary of broking group TIH, has secured $270 million of collateralized reinsurance capacity for certain casualty risk focused programs, through the launch of Fractal Re Ltd., a multi-year collateralized quota share sidecar structure.
Verisk puts hurricane Helene industry loss at $6bn to $11bn, excluding NFIP
Hurricane Helene is estimated to drive private market insurance and reinsurance industry losses in a range from $6 billion to as high as $11 billion by Verisk.
Amwins and Floodbase partner on parametric flood insurance for California Municipalities
Amwins, the insurance origination and distribution specialist, has partnered with insurtech Floodbase, which acts as a data provider and reporting agent for parametric risk transfer arrangements, to launch a new product targeted at California Municipalities.

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 38 new articles published in the last week.

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