Best of Artemis, week ending November 28th 2021

Here are the ten most popular news articles, week ending November 28th 2021, covering catastrophe bonds, ILS, reinsurance capital and related risk transfer topics.To ensure you never miss a thing or get our email alerts for every article we publish.January renewals significantly behind schedule: Arch management The January 2022 reinsurance renewals are said to be significantly behind schedule so far, as firms hold back on committing capacity in the challenged marketplace, according to Arch Capital’s management team.

Climate change the biggest ESG opportunity in non-life: Jefferies Climate change and providing risk transfer products to protect against its effects and to aid the world’s climate transition, is the biggest single environmental, social and governance (ESG) related attribute and opportunity for the worlds non-life insurance and reinsurance industry, according to analysts at investment bank Jefferies.Onshore catastrophe bond market can benefit US: John Seo, Fermat The government of the United States should look to bring the catastrophe bond market onshore, in order to maximise the possible benefits of capital markets participation in insurance and reinsurance, according to John Seo of Fermat Capital Management, LLC.Lloyd’s syndicates frustrated by LCM5.

Perhaps London Bridge Risk can help? According to a study undertaken by Aon’s UK Capital Advisory team alongside the Lloyd’s Market Association (LMA), some syndicates at Lloyd’s have been frustrated by the LCM5 catastrophe controls, while not every player has an appetite for third-party capital or to use the London Bridge Risk PCC ILS structure.Intellectual property a $500m premium opportunity for ILS funds: Aon’s Lee Following the completion of several transactions featuring a collateralized financing solution for intellectual property assets, this emerging asset class could be a massive opportunity for ILS funds and their investors, according to Lewis Lee, CEO of Aon’s Intellectual Property Solutions.Eckert’s IncubEx acquires insurtech Insurwave IncubEx, the financial product and service development firm that counts its founder and Chairman as insurance and reinsurance entrepreneur, former Brit co-founder and now Conduit Re Chairman Neil Eckert, has acquired an insurtech as it targets environmental, sustainable and climate risk solutions.

Covéa secures Hexagon III Re cat bond at downsized €153 million Covéa Group has now successfully priced its new Hexagon III Re Pte.Ltd.(Series 2021-1) catastrophe bond transaction, but has only managed to secure €153 million of its original €200 million target of capital market backed reinsurance from the deal.

Cat losses drive focus on sufficiency of reinsurance & retro: Willis Re Recent historical natural catastrophe loss trends are driving an increasing focus on the sufficiency of reinsurance and retrocession, global broker Willis Re explained.RenaissanceRe Capital Partners hires Briggs as Head of Risk RenaissanceRe Capital Partners, the third-party capital management and insurance-linked securities (ILS) unit of Bermuda-headquartered reinsurance firm RenaissanceRe (RenRe), hired Lucy Briggs as Vice President and Head of Risk.Northern US states increasingly hit by tropical storms & hurricanes: Chaucer Underwriting firm Chaucer has highlighted unpredictable patterns in weather, citing the fact that now some 16% of hurricanes, tropical storms and depressions hit northern US states, compared to just 12% 40 years ago.

This is not every article published on Artemis during the last week, just the most popular among our readers over the last seven days..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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