Best of Artemis, week ending June 5th 2022
Here are the ten most popular news articles, week ending June 5th 2022, 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 June 5th 2022:
Florida property insurance legislation “inadequate”, says Demotech’s Petrelli
The head of Demotech, Inc. explained that the special session reforms passed by the Florida legislature last week are “inadequate”, when measured against what the state really needs to fix its property insurance marketplace.
Artemis’s first ILS conference in London, Sept 6th 2022 – Tickets on sale
We’re delighted to open registration for Artemis’ first ever insurance-linked securities (ILS) conference in London. Tickets are now on-sale for Artemis London 2022, which we’re holding in the City on September 6th 2022.
Heritage fully places reinsurance at June 1 without need for Florida RAP fund
The Florida headquartered but nationally expansive property and casualty insurer, has reported the full placement of its reinsurance program for 2022, which includes the company’s first catastrophe bond transaction since 2017.
Hurricane season begins. ENSO favours cyclones. Florida in crosshairs
The 2022 Atlantic hurricane season officially begins today and the latest forecasts continue to suggest another active season ahead, while reinsurance firm Munich Re warns of ENSO conditions conducive to cyclone formation, while other forecasters warn Florida could be in the crosshairs this year.
Peak Re gets Black Kite Re cat bond at top of raised target – $150m
Hong Kong headquartered global reinsurer Peak Reinsurance Company (Peak Re) has now secured $150 million of Japanese typhoon retrocession with its first ever catastrophe bond, as the Hong Kong domiciled Black Kite Re Limited (Series 2022-1) issuance priced near the top-end of raised guidance.
Aon warns “2022 has not begun well” in reinsurance
Broking giant Aon has delivered a warning that the year is not going particularly well for its tracked reinsurance cohort so far in 2022, with global issues and major losses likely to reduce returns.
Video from ILS NYC 2022 conference. Session 2: Accessible
At our ILS NYC 2022 conference in New York in April, the second session of the day saw speakers openly discuss the need to keep insurance-linked securities (ILS) product as accessible as possible, to both the cedent and investor sides of the marketplace.
Florida carriers stop writing, Southern Fidelity waits to secure reinsurance
Two Florida primary property insurance focused carriers have stopped writing new business, with Southern Fidelity explaining this is until it can secure the necessary reinsurance it needs for the hurricane season.
ILS market no longer a “safety valve” for Florida’s reinsurance needs: Stonybrook
Catastrophe bonds, collateralized reinsurance and insurance-linked securities (ILS) fund capacity are no longer a safety-valve for the Florida property insurance market’s reinsurance capacity needs, Stonybrook Capital has reported.
Canada Derecho to be one of costliest convective storm losses: Aon
The Derecho type event that drove a line of severe thunderstorms across southern parts of the Canadian provinces of Ontario and Quebec last week has the potential to be one of the most expensive insurance industry losses from the convective storm peril in the country.
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 24 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.
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