Artemis Newsletter - September 11th 2024

Our news and analysis from the last week ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Web version |  Update preferences |  Forward Artemis Newsletter - Wednesday September 11th 2024 Artemis News Log - Catastrophe bond funds deliver stellar August returns: Plenum UCITS Index - More work to evidence returns in retro, but market vibrant and healthy: Conduit Re execs - Demand for risk capacity "accelerating in all dimensions": Kumar, GC Securities - Computershare expands offering to cat bond trustee and paying agent services - Legacy sector role in casualty ILS highlighted in Monte Carlo by PwC's Britten - No significant shift in premium from current price levels expected at renewals: Stahel, LGT - Cat bonds and sidecars to see biggest increases in demand over next year: Moody's - Reinsurers open and motivated. Capital strong and accelerating: Klisura, Guy Carpenter - Hurricane Francine likely today, strengthening forecast up to Louisiana landfall on Wednesday - Forness now Group CEO MultiStrat, James promoted to CUO, Grealy takes expanded PM role - Stable, healthy reinsurance may persist longer than previous cycles: Twelve Capital's Grandi - Elementum Advisors hires Andreas von Reitzenstein as SVP Underwriting - Stone Ridge hits $10bn of assets across cat bonds, ILS and reinsurance - Hannover Re cites cloud outage cat bond & parametrics as areas of innovation - Intensifying natural catastrophe risks to drive property reinsurance demand: Swiss Re - Inertia the biggest threat. We must escape the market-cycle mindset: McKeown, Vantage - Reinsurance sidecar market estimated at record $10bn in 2024: Aon Securities - More retro capital expected, will impact cost & supply-demand dynamic: GC - Climate change uncertainty & perception a challenge for ILS: Minter, Swiss Re ACP - Far from a super-hard market, so underwriting must perform: Blunck & Golling, Munich Re - Reinsurance and ILS capital crucial to support multi-transition of global economy: S&P - Moderate and gradual softening expected in property cat reinsurance: Fitch - Mereo finalising equity and ILS fund investor backing, set to launch for 1/1 - Reinsurance market focused on price sustainability at the RVS in Monte Carlo: Poll - Typhoon Yagi causes significant damage across Hainan, China and north Vietnam - Swiss Re says social inflation exceeds economic inflation, in growing US liability claims - Aon bolsters Bermuda retro team, hires former Acacia & Peak Re exec Cheng - AXA XL's Guy Van Hecke named as AXA's new Head of Ceded Reinsurance - Role for cat bonds as climate adaptation financing gap grows: Citigroup - Cat bond interest from potential sponsors rising, parametric momentum increasing: Van Slooten, Aon - Demex raises $10.25m as demand for parametric stop-loss reinsurance solution grows - South German flooding industry loss stable at just under €1.6bn: PERILS - Expect more competition in the tail, property cat rates to soften: Aon execs - Reinsurance cycle likely passed peak. Softer for 2025 but with strong profitability: Fitch - Moody's gets casualty & liability modelling capabilities with Praedicat acquisition - Ledger hires Wang Xu as MD to lead Cayman casualty ILS platform - Aon: Reinsurance capital should run towards risk, help on frequency / earnings protection - Continued market discipline expected: Urs Baertschi, CEO P&C Reinsurance, Swiss Re - Non-life alternative reinsurance capital rises 6% to $113bn in H1 2024: Gallagher Re - As Lloyd's profitability rises again, no surprise London Bridge ILS pipeline burgeons - New cat bond sponsor interest to continue in 2025, alternative capital to keep flowing: Rousseau, Guy Carpenter - Expect competitive renewal dynamics, but capital needs respecting: Artemis London 2024 - Beazley seeks $75m+ PoleStar Re 2024-3 cyber cat bond to extend reinsurance tower - Cyber re/insurance capital need to top $100bn, ILS a vital source: CyberCube - ILS fund index delivers strongest July performance ever - Moody's turns positive on reinsurance, with deepening alternative capital partnership For continuous coverage in real-time visit Artemis. For details of the latest catastrophe bonds visit our Deal Directory (containing over 1,000 entries.) Featured Conferences & Events ILS NYC 2025 - Save the date!   February 7th, 2025 Save the date for our next catastrophe bond and insurance-linked securities (ILS) market conference in New York! Save the date - Feb 7th 2025! Reinsurance News Reinsurance News is a our sister service which delivers the reinsurance news that matters directly through our responsive website and by email to your inbox. The Reinsurance News website has over 200k readers every single month and it covers the most important reinsurance news, hand selected by an experienced team of researchers and journalists with years of reinsurance industry experience. Sign up here to receive your daily Reinsurance News. Stay in touch with Artemis Please get in touch if you would like to submit news, events or information for publication. We welcome submission of useful market data which we can publish to help expand your reach. Advertising and sponsorship opportunities are available. With a large audience of 60,000+ readers every month Artemis is the perfect place to showcase your specialty to ILS industry professionals. Contact us for more details. You can unsubscribe from these newsletters at any time using the link at the foot of this email. We hope you won't and promise to only send market update and news, or relevant updates related to our services. Best wishes and enjoy Artemis. Steve Evans. Owner, Editor - Artemis E-Mail: steve@artemis.bm Tel: +44(0)7711-244697 If you enjoy this newsletter and find it useful please pass it on and share it with your colleagues. 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