Here are the ten most popular news articles, week ending October 1st 2023, 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.Vesttoo case: Cell control dispute continues.

Creditors say cash withdrawn Filings in the Vesttoo bankruptcy case show the battle over control of and access to segregated cells continues, while the judge told parties to stop litigating and start cooperating.US SCS insured losses hit $50bn for first time in 2023: Bowen, Gallagher Re Insured losses from severe convective storms (SCS) in the United States have continued to escalate through the third-quarter of the year, with the annual total for 2023 now reaching a record $50 billion, the first time this peril has ever caused this level of loss for the industry, Gallagher Re’s Steve Bowen has explained.AXIS, Stone Point launch $400m+ Monarch Point Re casualty ILS vehicle AXIS Capital has teamed up with investor Stone Point to launch Monarch Point Re, a newly created collateralized reinsurer that has been capitalised by a more than $400 million raise and will operate as a kind of third-party capitalised casualty reinsurance sidecar structure, with a total return approach.

No signals of collateralised reinsurance influx to disrupt hard market (yet): J.P.Morgan Thus far, there are no signs or signals that a significant influx of alternative capacity will come in to disrupt the hard reinsurance market, particularly in the collateralised reinsurance space, according to analysts at J.P.Morgan.

I really believe in the (ILS) system: Swiss Re CEO Mumenthaler Speaking with us, Christian Mumenthaler, the CEO of global reinsurer Swiss Re explained that he believes in the insurance-linked securities (ILS) system and sees this alternative form of reinsurance capital as occupying a critical position in the marketplace.Aon hires Aeolus PM Jake Nichols as Global Reinsurance Clients Leader, Bermuda Aon has announced the hiring of former Aeolus Capital Management portfolio manager Jake Nichols, as its new Global Clients Leader, Bermuda, within the firms Reinsurance Solutions division.Perez’s Nascent Group agrees to acquire Bermuda Compliance Consultants Nascent Group, the insurance management and reinsurance transformer company launched by Andre Perez that aims to reimagine the insurance-linked securities (ILS) servicing space, has agreed its first acquisition with Bermuda Compliance Consultants Ltd.

Cat bonds a “positive outlier” in alternatives for 2024: Columbia Threadneedle Catastrophe bonds offer investors a “positive outlier” in the world of alternative investments for 2024, according to global asset manager Columbia Threadneedle.Howden Tiger hires Securis’ Kenworthy to Capital Markets & Advisory team Howden Tiger Capital Markets & Advisory has announced the hire of Cate Kenworthy, previously Head Of Business Development, UK and Ireland at ILS fund manager Securis Investment Partners LLP.Nationwide prunes hurricane exposure in NC with non-renewals Nationwide Mutual Insurance continues to prune catastrophic risk from its homeowners portfolio, with over 10,500 property insurance non-renewals expected in North Carolina, more than half of which are said due to hurricane exposure.

This is not every article published on Artemis during the last week, just the most popular among our readers over the last seven days..To ensure you always stay up to date with Artemis and never miss a story subscribe to our weekly email newsletter which is delivered every Wednesday.

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