After a hearing held on Friday in the Supreme Court of Bermuda, an order has been filed that sanctions th...
2024 US convective storm season already breaking hail records: CoreLogic
According to data, analytics and modelling firm CoreLogic, the 2024 severe and convective weather season in the United States is already breaking records...
According to data, analytics and modelling firm CoreLogic, the 2024 severe and convective weather season in the United States is already breaking records...
Article / 9 days ago
AXA Climate seeks fast, accurate parametric risk transfer with Reask partnership
AXA Climate, the specialist weather, climate and parametric risk transfer unit of the AXA Group, is partnering with catastrophe modelling, climate...
AXA Climate, the specialist weather, climate and parametric risk transfer unit of the AXA Group, is partnering with catastrophe modelling, climate...
Article / 15 days ago
Jamaica targets four hurricane season catastrophe bond renewal: Finance Minister
Jamaica is looking to renew its catastrophe bond cover that expired at the end of 2023 and the country's Finance Minister Nigel Clarke said yesterday that...
Jamaica is looking to renew its catastrophe bond cover that expired at the end of 2023 and the country's Finance Minister Nigel Clarke said yesterday that...
Article / 23 days ago
African Risk Capacity makes over $170m of parametric payouts in first 10 years
The African Risk Capacity (ARC), a provider of parametric disaster insurance products to countries and other entities in Africa, has now paid out more...
The African Risk Capacity (ARC), a provider of parametric disaster insurance products to countries and other entities in Africa, has now paid out more...
Article / 25 days ago
Morocco renewed parametric quake insurance after 2023 payout of $275m
Morocco's government received a $275 million payout from its parametric earthquake insurance policy after the devastating earthquake that occurred in 2023
Morocco's government received a $275 million payout from its parametric earthquake insurance policy after the devastating earthquake that occurred in 2023
Article / 1 month ago
ARC gets US Gov backing to expand parametric insurance capacity in Africa
African Risk Capacity Limited (ARC Ltd.), the financial affiliate and underwriting entity of the African Risk Capacity (ARC) Group, has entered into a
African Risk Capacity Limited (ARC Ltd.), the financial affiliate and underwriting entity of the African Risk Capacity (ARC) Group, has entered into a
Article / 2 months ago
Aon forecasts parametric capital influx from re/insurers and ILS funds in 2024
Broking giant Aon has said today that it anticipates an "influx" of capital to the parametric risk transfer space in 2024, from traditional insurance,
Broking giant Aon has said today that it anticipates an "influx" of capital to the parametric risk transfer space in 2024, from traditional insurance,
Article / 2 months ago
Parametric reinsurance a beacon in challenging market conditions: Augment Risk
Risk capital and reinsurance solutions broker Augment Risk believes that parametric reinsurance solutions can be a "beacon" in a challenging market
Risk capital and reinsurance solutions broker Augment Risk believes that parametric reinsurance solutions can be a "beacon" in a challenging market
Article / 2 months ago
Munich Re launches global parametric risk transfer business unit
Munich Re, one of the largest reinsurance companies in the world, has launched a new global unit focused on growing its share in parametric natural...
Munich Re, one of the largest reinsurance companies in the world, has launched a new global unit focused on growing its share in parametric natural...
Article / 2 months ago
Floodbase adds SAR data to enhance its parametric flood triggers
Insurtech Floodbase, which acts as a data provider and reporting agent for parametric risk transfer arrangements, is set to integrate 24/7, all-weather...
Insurtech Floodbase, which acts as a data provider and reporting agent for parametric risk transfer arrangements, is set to integrate 24/7, all-weather...
Article / 2 months ago