Best of Artemis, week ending 4th November 2012

Hurricane Sandy dominated our coverage last week and kept us extremely busy. The market now awaits the verdict on whether there are meaningful impacts to catastrophe bonds and reinsurers. As always, you can read every market news story and article on the Artemis news blog, subscribe to our weekly email newsletter update and for your convenience here are the ten most popular news articles from the last seven days on Artemis.

Top ten most viewed articles on Artemis.bm, week ending 4th November 2012:

1. Sandy threatens billion dollar losses, could threaten catastrophe bonds
   This article has been read thousands of times in the last week and widely referenced across the broader financial press. It was the first time we discussed some of the potential cat bond impacts from hurricane Sandy given our insight of the potential strength of the storm.
2. Catastrophe bond market participants comment on Sandy
   We spoke with a number of participants in the cat bond market to see what they thought about the potential impact of this historic storm.
3. Catastrophe bond indices both decline on Sandy’s approach
   For the first time in a number of months both of the Swiss Re Cat Bond Performance Indices declined and the reason was, you guessed it, the approach of hurricane Sandy. We will be updating you again on these indices later today.
4. The hurricane Sandy business interruption conundrum
   The issue of business interruption and contingent business interruption insurance losses is becoming a major conundrum when it comes to estimating the total insured loss caused by hurricane and post-tropical storm Sandy.
5. Credit Suisse expecting Sandy impact to funds (and DCG Iris), industry loss of up to $18B
   Credit Suisse said that if industry losses from hurricane Sandy meet their expectations, they expect an impact to one of their insurance-linked security and catastrophe bond funds.
6. The catastrophe bonds with bid/offer price movements after Sandy
   We took a closer look at some of the cat bonds which showed movements in price due to hurricane Sandy.
7. Caribbean Catastrophe Risk Insurance Facility: No payouts from Sandy
   The Caribbean Catastrophe Risk Insurance Facility (CCRIF) has published a report suggesting that hurricane Sandy has not triggered the facility for any of its member countries.
8. S&P expects Sandy to qualify as covered loss on aggregate catastrophe bonds
   Rating agency Standard & Poor’s has published its first update on the impact of hurricane Sandy to the insurance, reinsurance and catastrophe bond sector.
9. EQECAT doubles Sandy insured loss estimate to $10B – $20B
   Risk modelling firm EQECAT have just issued an updated estimate of losses from hurricane Sandy now including post-landfall observations and analysis.
10. Sandy highlights need for private flood risk transfer via catastrophe bonds again
    We take a look at the impact of Sandy and how it could affect the NFIP.

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