Best of Artemis, week ending June 16th 2024

Here are the ten most popular news articles, week ending June 16th 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.Spread development lifts cat bond fund return potential, but dents May for some Recent spread development in the catastrophe bond space has boosted the forward return potential of cat bond funds, but for those investors that had more concentrated exposure to industry-loss index trigger cat bonds the moves have dented performance.

Reinsurance reset – Higher exposure of insurers is structural, not cyclical: Moody’s Moody’s Ratings does not believe reinsurance sector will resume assumption of coverage at the levels previously seen, meaning the higher exposure being borne by primary insurers is deemed now structural, rather than a cyclical occurrence.UCITS cat bond fund assets near $12.2bn, up more than 11% YTD The combined assets under management of the main catastrophe bond funds in the UCITS format have now surpassed $12 billion for the first time ever, nearing $12.2 billion by the end of May 2024 and now having risen by over 11% so far this year.ILS Asia 2024 – One month to go until the conference.

Our latest speakers With just one month to go, we’re delighted to announce four additional expert speakers from across the industry for our upcoming catastrophe bond and insurance-linked securities (ILS) market conference in Singapore.Guy Carpenter launches Capital & Advisory group, hires Schnieders from Teneo Guy Carpenter has announced the launch of a new Capital & Advisory group and hired Alexander Schnieders from Teneo Holdings to lead the new initiative.Swiss Re warns of cascading effects (and losses) of natural disasters Swiss Re has issued a report that warns of the cascading effects of natural disasters, highlighting that catastrophes and severe weather can have knock-on effects outside of the immediate property damage caused, all of which can exacerbate insurance and reinsurance market losses.

Reinsurance & third-party capital are key growth levers for insurers: Aon After capital buffers were eroded for insurers through 2023, a renewed focus on reinsurance as a capital management and growth lever has emerged, while broker Aon says that reinsurance capital and third-party capital are expected to be two of the three main capital tools utilised in future.CSU maintains forecast for extremely active hurricane season with elevated landfall risk Colorado State University’s tropical meteorology team has maintained its forecast for an extremely active  2024 Atlantic hurricane season, still calling for 23 named storms, 11 hurricanes and 5 major hurricanes, while citing an expectation of elevated landfall risk, that La Niña conditions will emerge and also highlighting record warm sea surface temperatures (SST’s).Hannover Re seeks $100m US named storm retrocession with 3264 Re cat bond Hannover Re, the German global reinsurance company, has returned to the catastrophe bond market to secure $100 million of named storm and hurricane retrocessional protection for parts of the United States, with a new 3264 Re Ltd.

(Series 2024-1) issuance Progressive makes reinsurance recovery after significant May catastrophe losses US insurance giant Progressive has recorded a reinsurance recovery of $95.1 million under its per-occurrence coverage after suffering significant catastrophe losses in May, while also saying its aggregate reinsurance is nearing attachment after the month.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