Best of Artemis, week ending January 16th 2022

Here are the ten most popular news articles, week ending January 16th 2022, 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 rate adequacy still under debate after Jan renewals The January 2022 reinsurance renewals have seen some of the best market conditions in years, with broad firming of rates across property catastrophe lines and retrocession that promise to enable underwriters and ILS fund managers to deliver improved returns, on an average calendar year loss basis.

UCITS catastrophe bond fund assets grew 28% in 2021 The main UCITS catastrophe bond funds as a group lifted their assets under management (AUM) significantly during 2021, to a new high of just over US $8.64 billion, representing 28% growth in AuM year-on-year.Swiss Re gets $250m 1863 ILS fund investment from Swedish pension Alecta Swiss Re secured a US $250 million investment into its 1863 ILS fund platform from the largest Swedish private pension Alecta.Private catastrophe bonds surpass $1bn for first time in 2021 For the first time on-record, annual issuance of privately placed catastrophe bond transactions has surpassed $1 billion in 2021, as these more streamlined insurance-linked securities (ILS) arrangements continued to play an important role for some protection buyers, ILS funds and investors.

Toa Re Europe sponsored the $25m Silver Crane private cat bond Toa Re Europe, the Switzerland-based European reinsurance arm of Japanese group Toa Reinsurance Company Ltd., sponsored the recent $25 million Artex SAC Limited – Silver Crane Notes private catastrophe bond transaction, as it looks to expand its relationships with ILS investor markets.Secondary perils can be “death by a thousand cuts” – Aeolus Secondary perils require a particular level of focus, investment and effort, when it comes to modelling risks of insurance-linked securities (ILS) and reinsurance portfolios, Aeolus Capital Management executives told us recently.2021 insured cat losses $120bn, December tornadoes $4bn: Munich Re Munich Re has estimated that insurance industry losses from natural disasters or catastrophes in 2021 were roughly US $120 billion, the second-highest annual total ever.

Reinsurance rates need to catch up at June/July 2022 renewals Reinsurance rates and pricing have more ground to cover at the important June and July renewal seasons in 2022, as analysts and our sources all agree there is further catching up to do.Hudson Structured backs $1.65bn life & annuity start-up Martello Re Hudson Structured Capital Management (HSCM), the reinsurance, insurtech, insurance-linked securities (ILS) and transportation focused investment manager, has participated in the launch financing of a new life and annuity reinsurance firm named Martello Re Limited.World Bank targets sovereign risk transfer for Indonesia by 2024 The government of Indonesia continues to work towards better management of its natural disaster risks and, with the assistance of the World Bank, there is a target to have a sovereign risk transfer or disaster insurance structure in place by 2024.

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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Publisher: Artemis