Best of Artemis, week ending December 15th 2024

Here are the ten most popular news articles, week ending December 15th 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 December 15th 2024:

1. Property cat renewal rates seen down 5% – 10%, retro could fall 10% – 20%: BMO analysts
   After a trip to Bermuda to speak with reinsurance executives on the island, analysts from BMO Capital Markets said the expectation seems to be that 2025 renewals will see property catastrophe reinsurance rates fall between 5% and 10%, while retrocession renewal pricing may fall as much as 10% to 20%.
2. Cat bond funds can deliver high single to low double-digit returns in 2025: Schmelzer, Plenum
   With catastrophe bond market yields still elevated by historical standards, Dirk Schmelzer, Head Portfolio Manager for ILS / CAT Bonds and a Partner at Plenum Investments AG, believes catastrophe bond funds can deliver high single-digit to low double-digit returns in 2025, on a no loss basis.
3. QBE targets $250m Bridge Street Re 2025-1 catastrophe bond
   QBE Insurance Group, the Australia headquartered global insurance and reinsurance company, is back in the catastrophe bond market for the first time since 2013, with a target to secure $250 million or more in retrocession from a Bridge Street Re Ltd. (Series 2025-1) issuance.
4. Allianz sponsors Sconset Re life reinsurance sidecar with institutional backing & PIMCO support
   Allianz has sponsored a life and annuity focused reinsurance sidecar named Sconset Re Ltd., securing backing from institutional investors to capitalise the structure and partnering with PIMCO as well as other institutions for asset management support.
5. TSR projects 7 Atlantic hurricanes, 3 major storms in extended range 2025 forecast
   The first long-range forecast for the 2025 Atlantic hurricane season was released today, with Tropical Storm Risk (TSR) projecting there could be 15 named storms, 7 hurricanes and 3 major hurricanes next year, which would be roughly aligned with the 30-year norm.
6. ILS NYC 2025: New speakers and now less than two months to go. Register soon
   There is now less than two months to go until our upcoming Artemis ILS NYC 2025 conference in New York on February 7th next year, and today we are delighted to announce four more expert speakers you can hear from on the day, if you register to attend our event.
7. MetLife taps institutional support for Chariot Re life annuity sidecar-like reinsurer
   MetLife, Inc., one of the largest life and annuities insurance groups in the world, is partnering with institutional capital providers and asset managers to launch Chariot Reinsurance, a new Bermuda based company that will initially act as a kind of sidecar for the company, but seems well-positioned to become market-facing in future.
8. Guy Carpenter researching parametric reciprocal exchanges for community-based coverage
   Guy Carpenter has begun a research project into the use of reciprocal exchanges for delivering parametric catastrophe insurance solutions, to identify whether the structure is a viable one for community-based coverage initiatives.
9. SCOR adds new risk partners in 2024, fee income on track, sidecar activity may expand
   SCOR said that it has added three new risk partners in 2024 so far, as it continues to expand its third-party capital relationships and activities under Risk Partnerships, while seeing its 2026 target for fee income growth from this business as on track.
10. Munich Re collateralised sidecars hit $650m in 2024, as retro program grew
    Munich Re’s collateralised reinsurance sidecar structures grew to $650 million in 2024, as the company elevated its use of retrocession, aligned with its growth in natural catastrophe exposure from its underwriting.

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 36 new articles published in the last week.

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