Best of Artemis, week ending May 15th 2022

Here are the ten most popular news articles, week ending May 15th 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 May 15th 2022:

Cat bond & ILS fund returns demolish benchmarks in 2022
Once again, the insurance-linked securities (ILS) market is demonstrating the value of making investments into relatively uncorrelated assets, as some catastrophe bond and ILS fund strategies have been delivering benchmark-beating returns for the first few months of 2022, against the grain of many other asset classes.
2022 hurricane forecasts continue to suggest above-average seasonal activity
Additional forecasts of activity levels for the 2022 Atlantic hurricane season continue to suggest an above-average year of tropical storm and hurricane formation is ahead.
FedNat plans to become “much smaller”, shift to Florida-only: CEO
Under pressure U.S. primary insurance carrier group FedNat has revealed that its plan of action it sent the Florida Office of Insurance Regulation (FOIR) involves the company shrinking considerably and reverting to a Florida only carrier, in order to be able to buy sufficient reinsurance.
Florida – “The theatre is on fire,” FHCF change won’t solve it: RenRe CEO
Commenting on the potential for legislative reform in the challenged property insurance market of Florida, RenaissanceRe CEO Kevin O’Donnell remarked that a reduction in the FHCF attachment point will change nothing for his reinsurance firm’s view of risk in the state.
Peak Re targets Hong Kong cat bond Black Kite Re for Japan typhoon retro
Peak Reinsurance Company (Peak Re), the Hong Kong headquartered global reinsurer, is sponsoring its first ever catastrophe bond, with a $75 million Hong Kong domiciled Black Kite Re Limited (Series 2022-1) issuance.
Cat bond market supply-demand mismatch persists as pipeline build
The mismatch between supply and demand in the catastrophe bond market persists and could now become accentuated, as the market pipeline of new cat bond deals continues to expand.
Cat Fund reform is crumbs, Floridians need a feast: Demotech’s Petrelli
The Florida property insurance market crisis that has unfolded through recent years won’t be fixed by minor reforms to the Florida Hurricane Catastrophe Fund (FHCF), according to Demotech President and Co-Founder Joseph Petrelli.
Mt. Logan Re hires PGGM’s Youssef Sfaif as Chief Operating Officer
Mt. Logan Re Ltd., the collateralized reinsurance sidecar-like and insurance-linked securities (ILS) vehicle operated by re/insurer Everest Re, has announced the hiring of experienced pension investor in ILS, the PGGM employee Youssef Sfaif, as its new COO.
Soft market issues must be addressed: Luca Albertini, Leadenhall interview
The insurance-linked securities (ILS) market needs to address some of the issues that have emerged through the soft market period in reinsurance, in order to ensure it can hold onto its capital base, Luca Albertini, CEO of Leadenhall Capital Partners explained to us in a recent interview.
Marlin Re cat bond to cover HSCM-owned Weston & Southern Fidelity
A new catastrophe bond issuance is in the market that seeks to secure more than $170 million of capital markets backed named storm reinsurance for two insurance carriers that are majority owned by HSCM Bermuda, with dual-series Marlin Re Ltd. cat bonds being offered to investors.

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 37 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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