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Hudson Structured invests in flood focused MGA reThought

Hudson Structured Capital Management Ltd., the insurance-linked securities (ILS), reinsurance, insurtech and transportation focused investment manager, has made an investment in a specialist flood underwriting managing general agent called reThought Insurance. Hudson Structured, doing its reinsurance investment business as HSCM Bermuda, participated in a $15.5 million Series A investment round for read the full article →

Clarity for ILS on Covid-related BI could take two more years: End-investors

The unexpected nature of Covid-19 related business interruption (BI) losses is troubling for the market, and it could be another two years before the insurance-linked securities (ILS) industry fully understands the impact, according to leading ILS investors. To end day three of our virtual ILS Asia 2021 event, held in association read the full article →

Parsyl sensor driven parametric insurance pays-out in less than 8 hours

Parsyl Inc., a provider of data-driven, sensor-based systems that are used in parametric risk transfer and insurance, has made a pay-out under a temperature linked policy in less than 8 hours. The company claims it as an industry record of sorts, but of course there are weather derivative contracts that can read the full article →

AXA shows pandemic BI impacts continue, with EUR300m settlement

This morning, global insurance company AXA has shown that business interruption impacts from the COVID-19 pandemic continue to be felt, with the company announcing a EUR 300 million settlement offer for French restaurants. Calling it an "amicable solution", AXA France said that it is "offering a clear financial solution to the read the full article →

Tech can “bridge the gap” to hedging pandemic risk: Artemis Live

As part of the latest Artemis Live webcast, industry experts argued that utilizing technology will be critical in enabling the reinsurance and alternative capital markets, or ILS sector, to help hedge pandemic risk using parametric solutions. The webcast, entitled “Hedging the Next Pandemic with Parametric Capital Market Solutions,” brought together several read the full article →

Live webcast: Hedging the next pandemic with parametric capital market solutions

Vesttoo and Artemis have partnered to host a live webcast on May 25th 2021 where we will discuss and explain opportunities to hedge the next pandemic, using parametric risk transfer, facilitated through the use of data and technology, as well as capacity from the capital markets. Register online here to secure read the full article →

Munich Re CEO urges public-private pandemic & systemic risk model

Having reported EUR 3.5 billion of losses related to the COVID-19 pandemic for 2020 and now revealing an expectation of another EUR 600 million to be booked in 2021, Munich Re's CEO Joachim Wenning today urged industry and governments to make progress on a public-private model for pandemics and other read the full article →

Catastrophe protection gap needs capital market support: Bernardino, EIOPA

Gabriel Bernardino, the soon to retire Chairman of the European Insurance and Occupational Pensions Authority (EIOPA), has highlighted the capital markets role in delivering catastrophe insurance that has fewer protection gaps. In an interview with Brink News, Bernardino explained the need for multi-peril catastrophe insurance and reinsurance coverage that protects against read the full article →

Tech & ILS can support fragile SME infrastructure: Palihapitiya, OTT Risk at ILS NYC 2021

The arrival of the global pandemic shone a light on the fragility of the infrastructure that supports small and medium sized enterprises (SMEs) across the world, but with the use of artificial intelligence (AI) and machine learning, there’s an opportunity waiting to be unlocked, according to OTT Risk's Chamath Palihapitiya. Soon read the full article →

EIOPA calls for capital markets capacity for pandemic NDBI insurance

There is a clear role for risk transfer to the capital markets in the provision of capacity to address pandemic related non-damage business interruption risks, according to Europe’s insurance and reinsurance sector watchdog, the European Insurance and Occupational Pensions Authority (EIOPA). The Authority has published a new staff working paper that read the full article →