Best of Artemis, week ending September 24th 2023

Here are the ten most popular news articles, week ending September 24th 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 September 24th 2023:

Who picked up the tab in Monte Carlo this year?
Historically, the reinsurance industry has picked up the tab at the Monte Carlo Rendez-Vous event, in a demonstration of the capacity providers keeness to maintain the good relationships they have with cedents and hold onto shares in their renewal programs.
Court approves Vesttoo to seize $30m from fraud accused co-founders & execs
The Tel Aviv District Court has approved Vesttoo to seize approximately $30 million in assets from its two ousted co-founders, as well as the persons that worked to source investors who have been implicated in the letter of credit (LOC) fraud scheme.
Florida building code gains dwarfed by exposure growth: Swiss Re
Analysis from global reinsurance firm Swiss Re reveals that, while building code improvements in Florida have dramatically reduced the potential for insured losses from storms and hurricanes, that reduction is dwarfed by the huge gains in exposure in the state.
Delta in ILS and traditional property cat pricing “a clear signal” – Aon
The delta between pricing in insurance-linked securities (ILS) and traditional property catastrophe reinsurance is providing “a clear signal” to the market and provides further competition for peak risks, Aon’s Reinsurance Solutions has said.
Reinsurance consolidation more likely than Class of 2023/2024: AM Best
“We do not expect a new class of global reinsurers to emerge anytime soon,” rating agency AM Best has said in a recent report on the sector, seeing a greater chance of consolidation than any Class of 2023 or 2024 wave of new reinsurance companies being launched.
Reinsurance T&C updates underappreciated by investors: Goldman Sachs
Goldman Sachs believes that investors are not fully appreciating how the changes to terms and conditions in property reinsurance will affect the outcome for reinsurers and other insurance-linked investments, feeling that the changes can drive strong additional returns for constituents.
Swiss Re’s sidecar platform on-track at +20% returns so far in 2023: Rüede
Swiss Re’s reinsurance sidecar investment platform is on-track to deliver impressive returns for 2023, with loss activity seemingly attritional up to August and higher rates set to boost performance, Philipp Rüede, Head of Swiss Re’s Alternative Capital Partners (ACP) unit told us in a recent interview.
ILS ESG Transparency Initiative formed, as Swiss group add global ILS managers
The ILS ESG Transparency Initiative has been formed as a new insurance-linked securities (ILS) industry group focused on enhancing environmental, social and governance (ESG) transparency in the ILS market, as the Swiss-based working group of ILS managers expands with the addition of international members.
California to equip insurers to price in forward-looking models & reinsurance costs
California is moving to avoid a developing insurance crisis in the state that has seen major companies pull-back on underwriting property insurance there, or exit the state entirely, with plans announced to enable insurers to better cover their loss costs and expenses within their pricing.
Beazley sponsors third cyber catastrophe bond, $16.5m Cairney III
Beazley, the London headquartered specialty insurance and reinsurance underwriter, has now added a third privately placed cyber catastrophe bond, taking its cyber cat bond coverage to $81.5 million after securing a further $16.5 million in cyber reinsurance from the capital markets through a Cairney III issuance.

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 31 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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