Best of Artemis, week ending July 7th 2024

Here are the ten most popular news articles, week ending July 7th 2024, 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.Jamaica battered by hurricane Beryl, but IBRD catastrophe bond appears safe We were first to analyse and report on the World Bank facilitated catastrophe bond and the fact hurricane Beryl was not sufficiently intense to activate the parametric trigger, despite passing through some of its zones.

Cat bond issuance accelerates in Q2, market hits record size of $48bn: Report Catastrophe bond and related insurance-linked securities (ILS) market activity levels accelerated in the second-quarter of 2024, with a record $8.4 billion of new risk capital issued that propelled the market to a record size of $48 billion, Artemis’ just-released new quarterly market report details.Reinsurance sidecar market resurgent, with over $1bn of capital entering: Aon The reinsurance sidecar market has continued to expand through the second-quarter of 2024 and broker Aon’s Reinsurance Solutions team estimates that over $1 billion of capital has entered this proportional collateralized reinsurance market in the last year.ILS Asia 2024 – Over 80 organisations attending.

Register soon to join them There are only a few days until our cat bond and ILS market conference in Singapore, ILS Asia 2024, which takes place on July 11th at the Suntec Convention Centre.More than 80 organisations are attending the conference.Get your ticket to attend.

Mid-year ILS fund raises “somewhat lower than expected” – Guy Carpenter Guy Carpenter has said that the fact expected mid-year insurance-linked securities (ILS) fund raises were “somewhat lower than expected” had a bearing on the just completed renewals.Yamamoto’s Keystone ILS Capital gets Howden investment, Thienel added as Director Keystone ILS Capital, a structuring and advisory specialist focused on catalysing more active use of insurance-linked securities (ILS) in Japan that was launched in the country by former Aon Securities executive Shinji Yamamoto, has received an investment from broking group Howden and appointed Carsten Thienel as a Senior non-executive Director, Artemis can report.Catastrophe bond market yield rose in June, ends month at 13.7% The overall yield of the catastrophe bond market in US dollars rose slightly through June and ended the month at just under 13.7%, reaching levels last seen in August 2023.

Schroders Capital & Hannover Re collaborate on tokenised ILS pilot Schroders Capital has collaborated with German reinsurance firm Hannover Re on a pilot tokenisation project, designed to enhance the way ILS assets are invested and managed.Jamaica Minister of Finance highlights risk transfer as hurricane Beryl approaches With major hurricane Beryl churning across the Caribbean towards Jamaica, the country’s Minister of Finance Dr.Nigel Clarke highlighted the importance of robust disaster risk financing and responsive parametric risk transfer arrangements that are in-place, including its World Bank catastrophe bond.

Retrocession demand increased at mid-year reinsurance renewals: Guy Carpenter There was increased demand for retrocessional protection around the mid-year reinsurance renewals, as existing buyers sought to purchase more retro and some historical buyers returned to the market, according to Guy Carpenter.This is not every article published on Artemis during the last week, just the most popular among our readers over the last seven days..

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Publisher: Artemis