Artemis is now 1 / 4 of a century outdated! We celebrated our twenty fifth birthday final week with a staff gathering, reflecting on greater than $170 billion of disaster bonds and associated insurance-linked securities (ILS) transactions tracked, with a whole bunch of billions extra in belongings deployed to insurance coverage dangers coated by us over time.
On the twelfth of Could 1999, Artemis was launched formally to an viewers of reinsurance and capital market executives at an occasion held in Bermuda.
We’ve been tracking activity in the catastrophe bond market, the event of insurance-linked securities (ILS), using various capital markets buildings and fashionable danger switch methods, in addition to the event of latest and environment friendly world reinsurance capability sources, since that point.
The Artemis Deal Directory was truly born as an inventory of the very earliest disaster bonds on one other web site again in late 1996. A few of you would possibly keep in mind WIRE and its Danger Info & Companies Alternate (RSX) from that point.
Monumental because of Rowan Douglas, the visionary behind a lot of what we did at WIRE and now the CEO, Local weather Danger & Resilience at Howden, for placing his belief in me and being the unique driving pressure behind my creating a ardour for the convergence of danger and capital markets.
As ever, when Artemis has its birthday and I’m slightly late with this quarter of a decade Silver Jubilee, I like to spotlight the event of Artemis over time and the depth of data we’ve analysed and tracked since its launch.
The insurance-linked securities (ILS) market captured our consideration within the mid-90’s, stimulated initially by the arrival of disaster choices, climate derivatives after which the very first disaster bonds.
The aim, with Artemis, was to create a web-based coronary heart of the rising disaster bond and insurance-linked securities (ILS) sector, offering well timed, related, correct and considerate data stream for ILS and reinsurance professionals, to help their work and operations available in the market.
We additionally needed to offer an academic useful resource for buyers within the ILS asset class and for cedents and sponsors which may discover ILS a viable various supply of danger capital and danger switch.
The aim hasn’t modified, however the market is now a lot greater, extra institutional and offering a big share of worldwide reinsurance capital in the present day, having cemented its place as a key supplier.
The business stays fascinating to us and I’m proud to name so a lot of our readers good pals. It has been an actual privilege to get to know and spend time with so many good, progressive and insightful individuals.
Equally, all of us at Artemis are proud that it has turn into so deeply embedded inside data provision and decision-making for the ILS market and its constituents.
Our catastrophe bond and related insurance-linked securities Deal Directory stays central to Artemis and is probably the most broadly used information supply on the ILS market accessible in the present day in any medium.
Since we began amassing the information set, we’ve now tracked an incredible 1,047 individual cat bonds and related ILS transactions in the Artemis Deal Directory.
Considered one of our information units that goes again that far now shows almost $171.5 billion in cumulative issued and priced 144a catastrophe bonds, private cat bonds and cat bonds covering other lines of insurance or reinsurance business tracked.
Whereas this whole, of cumulative issuance tracked by Artemis (excluding any mortgage ILS offers) is now over $171 billion, in case you have been to additionally embrace the brand new cat bond points which have but to cost however are listed in our Deal Listing in the present day the whole rises to an much more spectacular $173.7 billion.
It’s an important useful resource for monitoring the ILS market’s growth over time, as are the rest of our charts, visualisations and analytics on the market.
That’s not all, when it comes to deal quantity we’ve tracked.
We have now tens of billions of {dollars} in collateralized reinsurance sidecars and longevity risk transfer preparations that we’ve additionally tracked.
We’ve additionally tracked specialist ILS asset managers, with properly over $100 billion of ILS belongings detailed over-time in our ILS Fund Manager Directory.
Because the insurance-linked securities (ILS) market continues to develop and using capital markets funding for reinsurance danger switch expands, Artemis has been rising as properly.
We’ve now surpassed 100,000 readers in a peak single month and common between 60k and 75k by means of the remainder of the 12 months.
With actually world readership illustration, we’ve the most important ILS targeted viewers on any medium, in each single metropolis on this planet.
We even have the most important reinsurance targeted viewers on this planet, with our different publication www.reinsurancene.ws a number one supply of stories and perception for these in reinsurance and people eager about it, peaking at properly over 300,000 readers in a single month.
I’d prefer to take this chance to say a private thanks to all of our readers, contributors, sponsors, advertisers, companions, convention attendees and good pals from the business and additional afield.
An additional thanks to the hard-working staff right here at Artemis and Reinsurance News.
The relationships which were created over the past 25 years of Artemis are actually valued by me.
I and the rising staff right here sit up for persevering with to work intently with the business, supporting its growth and progress, whereas making new connections and deepening relationships.
Finest needs and I hope you proceed to take pleasure in Artemis!
Steve Evans
Proprietor & Editor, Artemis.bm.
As is customary after I replicate on Artemis’ historical past, listed below are some reminders of the evolution of Artemis since its launch in 1999. A particular prize, my utmost admiration on your endurance within the business, to anybody who remembers the very first iteration of Artemis.
The primary picture under reveals how Artemis regarded round its launch on twelfth Could 1999, taken from an unique press launch concerning the launch occasion.
The truth that the highest headline coated the potential for progress in cat bond issuance by company sponsors is especially attention-grabbing, given that could be a subject that continues to be mentioned in the present day.
This picture under reveals Artemis in late 2000, round 18 months after its launch. Not a lot had modified, however deal-flow was accelerating and issues have been beginning to get attention-grabbing within the rising ILS world.
This picture under reveals how Artemis regarded in 2004.
From 2008 to late 2018 Artemis regarded much like this, however throughout that point our readership grew from simply 1,000 readers per thirty days to greater than 50,000, over that decade.
Whereas the look and performance of Artemis is now totally different once more, not least our a lot newer data services, charts and industry analytics, we stay open and accessible to everybody, with a singular aim to drive high quality details about the ILS asset class to anybody desirous to be taught extra about it and observe deal stream.
Keep tuned, there are extra Artemis developments in our pipeline and we sit up for persevering with to serve our readers for years to come back!
