Best of Artemis, week ending November 24th 2024

Here are the ten most popular news articles, week ending November 24th 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 November 24th 2024:

1. With excess capital in the system, property cat rates could trend down at 1/1: Morgan Stanley
   Given the amount of capital in the global reinsurance system, analysts at Morgan Stanley are asking how much lower pricing could decline in the property catastrophe line of business?
2. Greenlight Re exploring third-party capital and ILS investor opportunities
   Greenlight Capital Re Ltd. (Greenlight Re), the reinsurance firm headquartered in the Cayman Islands and affiliated with investment manager David Einhorn, is working to develop third-party capital partners and exploring opportunities to work with ILS investors.
3. Catastrophe bonds rarely more compelling on a relative basis: Icosa
   On a relative basis, catastrophe bonds have rarely presented a more compelling investment opportunity than today, as despite spreads having tightened somewhat the cat bond asset class diversification offering can be at its strongest when other assets like equities are overvalued, fund manager Icosa Investments has said.
4. ILS market poised for further growth as barriers to modern tech decline: Moody’s Brookes
   With barriers to adoption of modern analytical methodologies and technological innovations lower than ever, Ben Brookes, Managing Director – Advisory Services, Moody’s Insurance Solutions, has observed that the insurance-linked securities (ILS) industry is at a “pivotal moment”, poised to become stronger, more adaptable, and primed for growth.
5. FloodSmart Re cat bond modeller KatRisk gets acquired
   KatRisk, the catastrophe risk modelling software provider and the third-party risk modelling agency for the NFIP’s FloodSmart Re catastrophe bonds, has been acquired by Technosylva, a company focused on wildfire simulation modeling, risk analysis and operational response software solutions.
6. ILS NYC 2025 – Announcing our first wave of expert speakers. Register soon
   We are delighted to announce the first wave of expert speakers for our upcoming ILS NYC 2025 conference. With over 150 people already registered to attend, Early Bird tickets are selling fast. Register soon to secure your place at the event.
7. China financial regulator continues to promote Hong Kong for catastrophe bonds
   China’s National Financial Regulatory Administration (NFRA), the financial industry regulatory agency under the State Council of the People’s Republic, is continuing to promote Hong Kong as a venue for insurers and reinsurers to sponsor catastrophe bonds.
8. Property reinsurance renewal stability forecast. No hardening despite hurricanes: AM Best
   At the January 2025 reinsurance renewals, rating agency AM Best is anticipating that property and catastrophe reinsurance rates will remain relatively stable and that despite recent hurricane losses the market is not likely to harden, but also softening is not likely to be significant either.
9. More ILS M&A consolidation expected in the near term: LGT ILS Partners’ Paul
   According to Hilary Paul, Partner and Portfolio Manager, LGT ILS Partners, there will be further insurance-linked securities (ILS) M&A consolidation in the near term, with more transactions and join-venture agreements, especially as stand-alone managers increasingly seek economies of scale and access to rated paper.
10. Liberty Mutual targets $225m+ Mystic Re IV 2025-1 indemnity cat bond
    Liberty Mutual Insurance has returned to the catastrophe bond market with a target to secure at least $225 million of indemnity based catastrophe reinsurance protection from the capital markets through a Mystic Re IV Ltd. (Series 2025-1) 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 31 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.