This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. In time, as wildfire risk models advance and the market becomes more accepting of them, Guy Carpenter executives suggest investor confidence may increase, resulting in a growing willingness to deploy ILS capital to support the California market’s need…
Read more
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. The management of fronting specialist Clear Blue Insurance are praised for the rapid and determined response to the issues that arose when the company found itself caught up in the reinsurance letter of credit (LOC) fraud perpetrated by…
Read more
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. NormanMax Insurance Holdings, the US based parametric insurance and reinsurance group launched by former Universal founder and CEO Bradley Meier, has expanded the reach of its parametric reinsurance solutions to include coverage for earthquakes in Chile. Seeing a…
Read more
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Sponsors of catastrophe bonds with parametric triggers may benefit from advances in data and analytics that can help them in gaining a better understanding of the basis risk inherent in these instruments, analysis from AM Best suggests. In…
Read more
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Speaking with Artemis after the completion of Ambac Financial Group’s acquisition of a 60% stake in Beat Capital Partners, executives John Cavanagh and Naveen Anand told us that third-party capital in general and the ILS market are seen…
Read more
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Having recorded a lower benefit from its weather derivatives for the last contract year, US energy company Star Group (formerly Star Gas Partners) has lifted the top-end of its protection from the weather hedges for its fiscal year…
Read more
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Backed by a private investment group, Northern Re is a reinsurance firm that views itself partly as a hybrid insurance-linked securities (ILS) manager, enabling its insurance company partners to access the benefits of ILS capacity without the usual…
Read more
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. NormanMax Insurance Holdings, the US based parametric insurance and reinsurance group that is the operator of the first pure-parametric syndicate at Lloyd’s, has announced the hiring of a new Chief Underwriting Officer in Daniel Turgel from Topsail Re,…
Read more
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Communications specialist Liberty Latin America is expecting a $44 million payout from parametric weather derivatives after the passage of hurricane Beryl triggered these instruments for the company. Liberty Latin America is one of the largest communications and entertainment…
Read more
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Liberty Mutual Reinsurance (Liberty Mutual Re), the reinsurance arm of the Liberty Mutual insurance group, is providing the capacity to support a new parametric insurance program to benefit Kenyan coffee growers. Working with insurtech Sprout, Inc (Sprout) and…
Read more