Category: Parametric insurance
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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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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Parametric writer NormanMax hires TopSail’s Turgel as CUO, Arbol’s Gabin as General Counsel
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,…
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Liberty Latin America expects $44m parametric payout for hurricane Beryl
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…
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Liberty Mutual Re backs parametric insurance for Kenyan coffee growers
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…
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ARC grows, diversifies, but keeping reinsurance expenses in check crucial: Ndlovu
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. African Risk Capacity Limited (ARC Ltd.), the financial affiliate and parametric insurance underwriting entity of the African Risk Capacity (ARC) Group, has commemorated its ten-year anniversary and said it has now paid out over $170 million in claims.…
Read MoreNagaland renews parametric insurance, with SBI General, Munich Re & GIC Re support
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Nagaland, a mountainous state in northeast India, remains the first state in India to buy parametric disaster insurance to protect itself and its critical infrastructure against the impacts of natural catastrophes. State focused parametric insurance solutions have been…
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Generali GC&C names Pignoli Global Head of Parametric Products & Solutions
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Generali Global Corporate & Commercial has appointed alternative risk transfer and capital solutions executive Michele Pignoli as its new Global Head of Parametric Products & Solutions. The company said that his appointment “underscores GC&C’s commitment to delivering superior…
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ARC pays $11.6m as drought triggers Malawi’s parametric insurance
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. The African Risk Capacity (ARC) Group, a provider of parametric disaster insurance products and risk pooling for countries and other entities in Africa, has made just over $11.6 million in payouts to Malawi and a replica partner the…
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