Best of Artemis, week ending October 2nd 2022
Here are the ten most popular news articles, week ending October 2nd 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 October 2nd 2022:
Read all of our hurricane Ian coverage here
Hurricane Ian’s devastating impacts in Florida dominated the news last week, so rather than fill this top-ten with stories about Ian, some of which may be outdated already, you can simply find all of our coverage on the storm here.
Philippines cat bond “likely to default” on typhoon Noru impact: Plenum
The Philippines World Bank facilitated catastrophe bond is deemed “likely to default” after the landfall and impacts of super typhoon Noru, according to investment fund manager Plenum Investments.
Demex hires Nephila’s Matt Coleman as Chief Risk Officer
The Demex Group, a climate risk focused insurtech that aims to deliver climate-resilience through financial risk solutions on a global scale, has made a key hire, appointing Matt Coleman who most recently worked at Nephila Climate as its Chief Risk Officer.
ILS hardening to continue, but ILS managers’ have lessons to learn: SIGLO
The insurance-linked securities (ILS) marketplace is looking particularly attractive at this time, with returns rising on the back of hardening reinsurance rates and greatly improved contract terms having been enforced through recent rounds of renewals.
Risk to remain attractive, we’ll need all the capital we can get: Aon panel
During a panel discussion convened by Aon’s Reinsurance Solutions division, senior executives from some of the world’s largest reinsurers said that while they don’t anticipate a significant influx of new capital, they do expect insurance risks will continue to attract investors.
Credit Suisse ILS’ Bernina Re hires Haddrell as CUO, Head of US & Retro
Bernina Re Ltd., the Bermuda based reinsurance underwriting and transformer vehicle backed by capital from funds managed by Credit Suisse Insurance Linked Strategies Ltd., has made a key appointment in hiring well-known executive Will Haddrell from startup Kettle.
Typhoon Nanmadol loss manageable, creep may not be an issue: AM Best
Typhoon Nanmadol’s impact in Japan is likely to be a manageable loss for the Japanese insurance industry, thanks to their robust capital, strong reinsurance programs and the fact loss creep is not expected to be an issue like previous storms that hit the country.
Stere raises $5m from alternatives & re/insurance investor Vida Capital
Stere, an insurance technology (insurtech) start-up that has created a capacity platform to help connect embedded insurance partners and MGA’s to reinsurance capital, has announced a $5 million Seed+ capital raise from investment manager Vida Capital.
Bolding joins Gallagher Securities as Global Head of Sales & Distribution
Gallagher Securities, the insurance-linked securities (ILS) and capital markets broker-dealer division of reinsurance broker Gallagher Re, has made a key hire in Jason Bolding, who was most recently at Credit Suisse.
AXA XL Re names Mark Twite CEO, Bermuda
Long-standing Bermuda-based employee Mark Twite has been promoted to become the Chief Executive Officer (CEO), Bermuda of AXA XL Reinsurance, the reinsurance underwriting arm of AXA XL.
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 41 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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