Best of Artemis, week ending 6th September 2020

Here are the ten most popular news articles, week ending 6th September 2020, 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..

Swiss Re wants to become the “leading franchise for Nat Cat risks” and alternative reinsurance capital is set to be a key driver of this ambition at the major global re/insurer, according to Philipp Rüede, Head of the firms Alternative Capital Partners unit.A number of insurance-linked securities (ILS) funds reported small losses related to business interruption claims from the Covid-19 pandemic in July, with quota shares the main source.We’re delighted to announce the launch and opening of registration for Prospectus 2021 – a new annual reinsurance and insurance-linked securities (ILS) conference brought to you by Artemis in collaboration with sister title Reinsurance News.

At current industry loss estimate levels, the impacts to insurance-linked securities (ILS) funds from hurricane Laura is not expected to be significant, with some funds even able to offset the hit with the income their reinsurance and retrocession positions earned them in August.Sompo International, the Bermuda headquartered specialty property and casualty insurance and reinsurance provider, has made a high-profile hire in Brendan Plessis, a well known market executive who has had a focus on issues in emerging markets and on the problem of under-insurance for much of his career.Leading global credit investment specialist Bain Capital Credit, L.P, which has around $40 billion in assets under management, is partnering with Beat Capital Partners Ltd., the long duration investor specialising in the insurance and reinsurance industry, to access returns from the Lloyd’s marketplace.

Global asset management group Schroders has announced leadership changes at its specialist insurance-linked securities (ILS) unit Schroder Secquaero, as Stephan Ruoff takes on the Head Of role as planned and Dirk Lohmann moves into the newly created position of Chairman.Industry losses from hurricane Laura are expected to largely fall to primary insurance carriers, but rating agency Fitch says that traditional reinsurance carriers and insurance-linked securities (ILS) players will take a share.Issuance of new catastrophe bonds could exceed the record set in 2017 if it continues at the pace set in the first-half of the year, as capital markets risk transfer continues to gain acceptance with cedants and investor appetite continues to grow.

Insurance-linked securities (ILS) funds have just had their best June and July performance since 2011, on average, as the improving returns in catastrophe bonds and other reinsurance linked investments start to become evident in manager’s results.This is not every article published on Artemis during the last week, just the most popular, some of which were published over a week ago..

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Publisher: Artemis