Best of Artemis, week ending June 23rd 2024

Here are the ten most popular news articles, week ending June 23rd 2024, covering catastrophe bonds, ILS, reinsurance capital and related risk transfer topics. To ensure you never miss a thing subscribe to the weekly Artemis email newsletter updates or get our email alerts for every article we publish.

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Ten most read articles on Artemis.bm, week ending June 23rd 2024:

Improved Florida insurance environment a “favourable market opportunity” – KBRA
Rating agency KBRA has noted that the Florida property insurance market is now presenting a “favourable market opportunity” to those with the capital, capacity and legacy-free balance-sheets that can take advantage of it.
Catastrophe bond issuance in 2024 hits $12.1bn, running 29% ahead of prior year
Catastrophe bond new issuance continues apace in 2024 and has reached $12.1 billion including the latest deals to hit the market and settle today, which means the pace of issuance is now running 29% ahead of the prior year, according to the latest data from Artemis.
SCOR names Benoît Liot Head of Risk Partnerships
SCOR has promoted longstanding retrocession and third-party capital partnerships executive Benoît Liot to the new role of Head of Risk Partnerships, which will see him lead on activities with third-party investors, while retrocession will be centralised beneath his leadership.
ILS Asia 2024: Who’s attending our Singapore ILS conference on July 11th?
We wanted to give you an idea of who can meet at our upcoming catastrophe bond and insurance-linked securities (ILS) market conference in Singapore, ILS Asia 2024, which takes place on July 11th at the Suntec Convention Centre.
With R&Q set for liquidation, what future for Gibson Re sidecar and its investors?
R&Q Insurance Holdings Ltd. confirmed that it is filing for a provisional liquidation in Bermuda, raising questions over the future of its collateralised legacy sidecar vehicle Gibson Re.
ACE suggests wide-range in loss outcomes for 2024 hurricane season: Icosa
For the catastrophe bond market, the 2024 Atlantic hurricane season could result in zero impact or significant losses, depending on where storms form, where they head towards, how much they intensify and where they make landfall, while the forecast data suggests a wide-range of possible loss outcomes, catastrophe bond investment manager Icosa Investments has said.
While hurricane activity may be higher, offsets can support performance: Morgan Stanley
While forecasts for the 2024 Atlantic hurricane season suggest a particularly active few months ahead, in comments on the reinsurance market that read-across to insurance-linked securities (ILS) strategies, analysts at Morgan Stanley believe that this year there are some offsets in place that can support performance.
Munich Re appoints Faure as Head of Parametric NatCat Solutions
Munich Re has appointed experienced parametric and weather risk transfer executive Jack Faure as its new Head of Parametric NatCat Solutions.
Generali updates insurance-linked securities framework to “green, social & sustainable”
Generali has revised its framework for green catastrophe bonds to incorporate updates and expand its scope, now publishing a Green, Social and Sustainability Insurance-linked Securities Framework in its place.
Everest lifts retro target to $225m for new Kilimanjaro cat bond, as pricing falls
Signals that catastrophe bond market pricing has stabilised continue, as Everest Re has lifted the target size and lowered the pricing for its new catastrophe bond, with now up to $225 million in multi-peril per-occurrence retrocession sought from the Kilimanjaro II Re Ltd. (Series 2024-1) issuance, Artemis has learned.