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Demex raises $9m Series A led by Anthemis, Blue Bear Capital & QBE

The Demex Group, a climate risk focused insurtech that aims to deliver climate-resilience through financial risk solutions on a global scale, has successfully raised $9 million in Series A funding as it looks to help businesses mitigate the risks of climate change. The Demex Group launched in 2020 and raised $4.2 read the full article →

Climate change the biggest ESG opportunity in non-life: Jefferies

Climate change and providing risk transfer products to protect against its effects and to aid the world's climate transition, is the biggest single environmental, social and governance (ESG) related attribute and opportunity for the worlds non-life insurance and reinsurance industry, according to analysts at investment bank Jefferies. Naturally, climate change comes read the full article →

Aeolus Capital Management on the importance of climate models: Interview

For our latest Artemis Live video interview we explored the importance of climate risk models in the management of portfolios of reinsurance and insurance-linked securities (ILS), with senior executives from Aeolus Capital Management. Aeolus Capital Management Ltd. is a specialist reinsurance and retrocession investment fund manager that targets largely property catastrophe read the full article →

Wildfire reinsurance insurtech Kettle raises $25m Series A

Kettle, the reinsurance focused deep-learning and artificial intelligence (AI) insurtech that currently focused on California wildfire risks, has raised a $25 million Series A funding round to help it expand its business and further develop its advanced technologies. Kettle aims to become an intelligent source of risk for providers of reinsurance read the full article →

Demex & Canopius’ Vave partner for parametric extreme temperature insurance

The Demex Group, a climate risk focused insurtech that aims to deliver climate-resilience through financial risk solutions on a global scale, has partnered with Canopius owned MGA and insurance API platform Vave to offer parametric extreme temperature insurance to commercial property owners. The Demex Group launched last year, securing $4.2 million read the full article →

Parameter Climate adds former Sompo execs Faure, Pawale, Lofaro & Yuan

Parameter Climate, the parametric risk transfer and climate focused underwriter launched by well-known industry executive Marty Malinow, has added some new hires, all of which have previously worked at Sompo International in its weather risk and parametric risk transfer operations. Malinow himself previously worked at Sompo International, as the President of read the full article →

Arbol launches Bermuda MGU to offer parametric reinsurance

Arbol, a technology-led company focused on parametric risk transfer and weather insurance markets, has announced the formation of Arbol Underwriters Ltd. (AUL), a registered insurance agent based in Bermuda, that will focus on matching reinsurance capacity with parametric insurance risks. Arbol Underwriters Ltd. (AUL) will originate business through a number of read the full article →

Kettle hires Ariel Re’s Amit Shah as Chief Distribution Officer

Kettle, the reinsurance focused deep-learning and artificial intelligence (AI) insurtech, has made another key hire, taking Amit Shah from Ariel Re as its new Chief Distribution Officer. Amit Shah has worked at Bermuda headquartered reinsurance firm Ariel Re for more than twelve years and has over twenty years of experience in read the full article →

CME weather contracts to use Speedwell data for settlement & valuation

The Chicago Mercantile Exchange (CME), which has always been an exchange location where weather futures and derivatives have been traded, is set to use weather data for settlement and valuation of its contracts from specialist provider Speedwell. It's an important move as it puts a recognised third-party provider of global weather read the full article →

TP ICAP & Speedwell launch tradable climate index

TP ICAP group, one of the largest interdealer brokers in the world and Speedwell Group, a long-time specialist service provider to the weather risk management and parametric risk transfer market, have collaborated to launch a new climate index which aims to make financial risk related to the rate of climate read the full article →