Best of Artemis, week ending April 21st 2024

Here are the ten most popular news articles, week ending April 21st 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.

Ten most read articles on Artemis.bm, week ending April 21st 2024:

Aspen and PIMCO form casualty-focused collateralised reinsurer Pando Re
Aspen and asset manager PIMCO have announced the launch of Pando Re Ltd., a Bermuda-based, casualty focused collateralised re/insurer that act as a reinsurance sidecar and help to drive growth of third-party capital and fee income for Aspen Capital Markets.
Hannover Re sponsors $13.75m Cumulus Re cloud outage catastrophe bond
Hannover Re has successfully sponsored a $13.75 million Cumulus Re (Series 2024-1) parametric cloud outage catastrophe bond that was privately issued and placed using the firm’s Kaith Re Ltd. vehicle, with modelling of the cyber risks undertaken by Parametrix.
Florida Citizens targets $950m cat bond issuance, potential to become biggest ever
Citizens Property Insurance Corporation is seeking what could be its biggest catastrophe bond ever, with an initial target of some $950 million of notes offered via a dual-series Everglades Re II Ltd. (Series 2024-1 & 2024-2) issuance, but with both two and three year note series available it looks like market appetite will decide the eventual make-up of the deal.
Capital and capacity in the driving seat for reinsurance in 2024: Goldman Sachs
Analysts at Goldman Sachs have noted that 2024 is going to be a year where they will be focusing on the potential for inflows of alternative capital or new entrant formation to change the dynamic across reinsurance and specialty insurance markets.
Active hurricane season forecast from NC State highlights Gulf of Mexico risk
Researchers from North Carolina State University have forecast that the 2024 Atlantic hurricane season will be an active one, with the number of named storms predicted to be “significantly higher than the long-term average” and a special mention for the Gulf of Mexico, with up to seven named storms expected there.
Cumulus Re cat bond a new avenue to cyber ILS: Henning Ludolphs, Hannover Re
The arrival of the world’s first cloud outage catastrophe bond was viewed very positively, and provides investors with a new avenue into the cyber insurance-linked securities (ILS) space, according to Henning Ludolphs, Managing Director Retrocession and Capital Markets at Hannover Re.
Alignment critical in designing reinsurance sidecars for life insurers: RGA
When it comes to designing a reinsurance sidecar structure for a life insurer, ensuring alignment is strong across all parties involved is critical, while trade-offs between a sidecar strategy and simply trading with traditional reinsurers must also be assessed, according to RGA (Reinsurance Group of America).
Hurricane season could be impactful, with forecast for Bermuda High steering west
The Weather Company and Atmospheric G2 are forecasting that the 2024 Atlantic hurricane seasoncould be among the most active ever, while they also warn of a strong Bermuda High that could set in and steer storms further west towards the United States and Caribbean.
Alternative capital – A mature option for PE to take advantage of market cycles: BMO
For private equity investors, the use of alternative capital vehicles and insurance-linked securities (ILS) structures presents a mature way to take advantage of reinsurance market cycles in an efficient manner, analysts at BMO Capital Markets have highlighted.
Cat bonds can generate investors $17.61bn of cash in 2024: Aon Securities
The catastrophe bond market is expected to generate investors as much as $17.61 billion in cash through 2024, from a combination of coupon payments and maturities, Aon Securities has estimated, which alongside inflows should be ample to help in absorbing what could be another record year of issuance.

This is not every article published on Artemis during the last week, just the most popular among our readers over the last seven days. There were 29 new articles published in the last week.

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.

View the current breakdown of the ILS market in our range of charts, allowing you to analyse cat bond issuance.

Check out the assets under management of the ILS fund market with our ILS investment manager directory.

Get listed in our MarketView directory of professionals.