Best of Artemis, week ending 3rd January 2021

Here are the ten most popular news articles, week ending 3rd January 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.Catastrophe bond market activity will remain busy through 2021, with an expectation that issuance could reach as much as $12 billion, so beating the record set this year, as the high number of maturing cat bonds are seen as likely to be renewed and more new sponsors may also be seen.

Nephila Capital, the largest dedicated manager of insurance and reinsurance linked securities, has been given an allocation for its sub-advisory role on one of giant asset manager Blackstone Group’s multi-strategy investment funds.The physical climate risk protection gap, so the gulf between climate related losses covered by insurance, reinsurance or risk transfer and those going uncovered, is widening, but instruments such as insurance-linked securities (ILS), catastrophe bonds and other blended financing solutions can help to narrow this gap.Insurance holding company W.

R.Berkley Corporation has launched its first foray into third-party reinsurance capital management with the set-up of a Bermuda based special purpose insurer (ILS) named Lifson Re Ltd.that will act as a kind of P&C reinsurance sidecar structure for the company.

Premia Holdings, the global run-off and legacy reinsurance specialist underwriter, has become the first run-off player to bring additional capital into its business using a collateralized reinsurance sidecar structure, with the launch of Elevation Re.Stone Ridge Asset Management, the New York based asset manager with a focus on alternative risk premia strategies including reinsurance and insurance-linked securities (ILS), successfully expanded the remit of its reinsurance and ILS investments to include non-catastrophe risks this year.A number of insurance-linked securities (ILS) funds invested into collateralised reinsurance positions that are exposed to catastrophe events in Australia have reported negative performance for November on the back of reserving for hail storms and severe weather, we understand.

Institutional investors in Germany are expected to expand on allocations to asset classes that exhibit lower levels of correlation to financial markets, such as alternatives and other credit specialties, including insurance-linked securities (ILS), a survey found.A new Singapore domiciled insurance-linked securities (ILS) transaction has come to light, after a recently registered Special Purpose Reinsurance Vehicle named Phoenix 1 Re Pte.Ltd.

issued and listed almost $42.14 million of private ILS notes.Florida’s homeowner’s insurance carriers are struggling with their performance in 2020 and reporting significantly elevated combined ratios despite the fact this year’s hurricane activity largely avoided the State.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