Best of Artemis, week ending 4th July 2021

Best of Artemis, week ending 4th July 2021

Here are the ten most popular news posts, week ending 4th July 2021, covering catastrophe bonds, ILS, reinsurance capital and associated threat transfer subjects. To ensure you never miss a thing register for the weekly Artemis e-mail newsletter updates or get our email notifies for every article we release.
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10 most read posts on, week ending 4th July 2021:

This is not every post published on Artemis during the last week, simply the most popular amongst our readers over the last seven days. There were 35 new short articles released in the recently. To ensure you always keep up to date with Artemis and never ever miss out on a story register for our weekly e-mail newsletter which is delivered every Wednesday.
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Cat bonds & & associated ILS hit record $8.5 bn in Q2 2021: ReportActivity in the disaster bond and associated insurance-linked securities (ILS) market accelerated once again in the second-quarter of 2021, with the three-months seeing an incredible $8.5 billion of brand-new danger capital come to market.
Failure of WTW merger over US DoJ trial date “undesirable”– AonDefending itself in the courts against the United States Department of Justices objections to its proposed merger with competing insurance coverage and reinsurance broker Willis Towers Watson (WTW), Aon has said that it would be “undesirable” for its transaction to stop working simply because of a late trial date proposed by the DoJ.
Jamaica disaster bond grant arrangements signed, deal imminentThe project to release a very first disaster bond to benefit Jamaica has made further progress this month, with an important grant approval now received and the World Bank helped with feline bond offer launch now imminent.
European extreme storms & & tornado may aggregate to EUR 2.5 bn+ lossSevere convective weather, thunderstorms, large hail and even a twister struck Europe over the last ten days, as a heatwave ended and serious storms took over, which actuaries think might drive over EUR 2.5 billion of insurance market losses.
Firm orders fall listed below quotes at mid-year renewals: Willis ReGlobal reinsurance broker Willis Re has stated that while reinsurance pricing continued to increase at the June and July mid-year renewal season, the marketplace is approaching balance, as it saw many reinsurers having to accept firm order terms below their initial quotes.
Greater Bay Re registered for China Re feline bond in Hong KongWeve discovered that the first company destined to be an insurance-linked securities (ILS) special function car has currently been registered in Hong Kong, with Greater Bay Re Limited developed to issue a disaster bond on behalf of China Re.
Capital supply need mismatch far lower in 2021: FlandroThe mismatch between capital supply and demand is now much lower than it was a year ago, with aspects including capital raises and the maximizing of trapped ILS capital driving a revival, according to David Flandro of HX Analytics.
Fukushima, Japan earthquake industry loss approximated $2.63 bn: CRESTAHaving previously discussed that the Magnitude 7.0 earthquake that struck off the coast of the Fukushima area of Japan on February 13th 2021 was most likely to be a billion dollar event, CRESTA has actually now approximated the market loss from the quake at US $2.63 billion.
Shared cost-of-capital can withstand ILS competition. KBW on Covéa & & AXA XLIn response to the reports that insurance group Covéa desires to obtain AXAs non-life reinsurance operations, the Bermuda headquartered AXA XL Re division, analysts at Keefe, Bruyette & & Woods have mused that the lower cost-of-capital of a shared insurance companys method may be better able to stand up to competition from the ILS market.
UCITS cat bond funds growing quickly. Schroders surpasses GAM as largestUCITS disaster bond funds as a group have increased their properties substantially over the last year, with sped up development of the cat bond market and increasing interest in ILS investments assisting to propel the UCITS feline bond funds we track to asset development of roughly 58% in simply one year.

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