Best of Artemis, week ending 10th May 2020

Here are the ten most popular news articles, week ending 10th May 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.The 2020 Atlantic hurricane season looks increasingly like it will be a season to watch for insurance, reinsurance and insurance-linked securities (ILS) interests, as the latest outlook forecasts to emerge raise the number of tropical storms and hurricanes expected during the season even further.

The Covid-19 pandemic is unlike anything else ever encountered by the re/insurance industry and will be a headwind for future reinsurance capacity, according to AIG’s Global Chief Operating Officer and CEO of General Insurance Peter Zaffino.A new report from A.M.Best highlights the potential damage that any legislative moves to force retroactive business interruption claims into the insurance and reinsurance industry could cause, saying that as much as 50% of re/insurer capital could be wiped out with just two months worth of claims.

TigerRisk Partners LLC, the global risk, capital and reinsurance brokerage and advisory, has announced the hiring of experienced London reinsurance and insurance-linked securities (ILS) market executive Lawrence Po-Ba.Catastrophe risk modelling specialist RMS has said that a hurricane striking the United States while pandemic restrictions remain in place could end up inflating the ultimate insurance and reinsurance industry loss by up to 20%.For our latest Artemis Live video interview I had a detailed and interesting discussion with Stephan Ruoff, the Deputy Head of insurance-linked securities (ILS) asset manager Schroder Secquaero, a specialist division of global investment group Schroders.

For Berkshire Hathaway, the insurance and reinsurance underwriting conglomerate led by Warren Buffett, it’s not simply a question of carefully crafted exclusions when it comes to pandemic risks, for the so-called Sage of Omaha is perfectly happy to underwrite it, as long as the price is right.Hudson Structured Capital Management Ltd.(doing its insurance investment business as HSCM Bermuda), the insurance-linked securities (ILS), reinsurance- and transportation- focused investment manager, was a lead backer of insurance giant AIG’s recent launch of a new Lloyd’s syndicate.

Plenum Investments AG, the Zurich based specialist insurance-linked securities (ILS) and catastrophe bond investment manager, has announced two key hires with Daniel Grieger who was formerly at Twelve Capital and Rötger Franz formerly of Société Générale joining the firm.Jamaica’s catastrophe bond ambitions have been forcibly delayed by the Covid-19 pandemic, as the financial market volatility caused by the coronavirus outbreak has put the Caribbean island nations first cat bond issuance on-hold, according to the country’s finance minister.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