Month: August 2024
BGC Group hires Arbol’s Loguidice for weather derivatives origination & structuring
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. BGC Group, Inc., the global brokerage and financial technology company, has added a new hire to its weather derivatives trading desk, taking Leah Loguidice from Arbol for a weather derivatives origination and structuring role. BGC Group launched into…
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The role of parametric insurance in reducing supply chain risks: WRMS’ Agarwal
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. According to Ashish Agarwal, Co-founder & CTO of Weather Risk Management Services (WRMS), combining parametric insurance with traditional risk management strategies can provide a comprehensive framework for managing supply chain risks. In a recent interview with Artemis, Agarwal…
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Jamaica’s Dr. Nigel Clarke proposed as IMF Deputy Managing Director
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Dr. Nigel Clarke, the Minister of Finance of Jamaica and the driver of that country’s multi-layered approach to disaster risk financing that includes the first catastrophe bond for a small-island state has been proposed to become a Deputy…
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NormanMax hires UPCIC’s Friedland as AVP & Marketing Manager
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 Jonathan Friedland from Universal Property & Casualty Insurance Company (UPCIC). Friedland…
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Leadline a “natural evolution” to Ascot’s third-party capital management: Keith
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Yesterday’s launch of Leadline Capital Partners represents a “natural evolution” to third-party reinsurance capital management activities at global re/insurer Ascot, Justin Keith, President and Chief Executive Officer of Ascot Bermuda Limited, told Artemis in an interview. Yesterday, we…
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“Measured appetite” in ILS for wildfire risks: Guy Carpenter’s Hochberg
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 MoreNormanMax launches parametric earthquake reinsurance in Chile
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…
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Data and analytics advances may help parametric cat bond sponsors on basis risk: AM Best
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…
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ILS is key capacity for Beat under Ambac. Casualty an opportunity: Cavanagh & Anand
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…
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Star Group lifts weather derivative protection slightly for 2025
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…
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