Best of Artemis, week ending January 22nd 2023

Here are the ten most popular news articles, week ending January 22nd 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.Stone Ridge backs $100m retro cyber quota share for Hannover Re Stone Ridge Asset Management has provided US $100 million in capital to support an innovative retrocession cyber quota share arrangement for global reinsurance firm Hannover Re.

Capital will flow once people see underwriting is profitable: Mumenthaler, Swiss Re CEO More capital will flow back into the global reinsurance marketplace once it is visible that new pricing levels can enable more profitable underwriting, Swiss Re’s CEO Christian Mumenthaler explained during an interview yesterday.Hard reinsurance market headed for extra innings: JMP Securities The global reinsurance market currently feels like one where the reinsurers are “firmly in control” and there is no sign of them letting up on pricing, leading analysts at JMP Securities to suggest the hard market conditions have legs beyond 2023.Aon and Vesttoo collaborate on collateralized intellectual property financing Aon has been working with insurtech Vesttoo on intellectual property insurance-related financing solutions, with the latter helping to bring capital markets capacity to the brokers proposition.

2023’s ILS hard market equal to post-Katrina 2006: Lane Financial The current hard market for insurance-linked securities (ILS) and catastrophe bonds is equally as hard as the post-Katrina year of 2006, according to new analysis from consultancy Lane Financial.Reinsurance affordability to prompt Louisiana special session The US state of Louisiana looks set to follow in the footsteps of Florida, by holding a Special Session of the Legislature to address property insurance concerns, with the affordability of reinsurance a key driver.TWIA Board wary of cat bond costs in 2023.

Targets $2.92bn reinsurance Members of the Board of the Texas Windstorm Insurance Association (TWIA) expressed concerns over the potential cost of catastrophe bond coverage in 2023, having an expiring $400 million cat bond it wants to renew as part of a target to buy up to $2.92 billion of reinsurance for the coming storm season.Reinsurance firming, tighter terms, to drive 4% margin improvement: Fitch Significant reinsurance price increases much alongside tighter terms and conditions, are expected to drive a 4% point improvement in reinsurers’ underwriting margins in 2023, according to rating agency Fitch.Capital entering reinsurance in 2023 will be rewarded: Aon’s Monaghan New capital that enters the reinsurance market in 2023 is expected to be rewarded, thanks to strong demand for protection and the attractive terms that capital can be deployed at, according to Joe Monaghan, Global Growth Leader at Aon’s Reinsurance Solutions.

Inver Re hires Aon’s Kurt Cripps to lead parametric broking Inver Re, the reinsurance broking arm of the Ardonagh Group, has announced the hire of long-standing Aon weather and parametric risk transfer leader Kurt Cripps as its new Global Head of Parametric.This is not every article published on Artemis during the last week, just the most popular among our readers over the last seven days..

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Publisher: Artemis