Parametric insurance news

The Board of African Risk Capacity Limited (ARC Ltd), the financial affiliate and parametric insurance underwriting entity of the African Risk Capacity (ARC) Group, has announced the appointment of David Maslo as interim CEO, effective June 16th, 2025.

Specialty insurer Beazley is enhancing its property parametric underwriting capabilities with the appointment of Swiss Re’s Stefan Wunderlich as Head of Parametric Insurance.

Broking giant Aon aims to, through its strategic plan, scale more risk capital for its clients, bringing more of the capital markets into its offering with an ambition to add more resources to its insurance-linked securities (ILS) business and highlighting $3 billion of parametric limits bound.

Here’s an intriguing use-case for parametric triggers within insurance for a personal lines protection policy that even a year ago you may not have thought was needed. Y Combinator backed Singularity has launched a parametric cover that protects your income in case your job is lost to artificial intelligence (AI).

Descartes Underwriting has strengthened its leadership team with the appointments of Sophie Bassoulet as Head of Operations and Kelly Collet-Jones as Claims Manager, as the company continues its global expansion in corporate parametric insurance.

SV SparkassenVersicherung (SV) has spotlighted its new strategic partnership with Japan’s Zenkyoren as a cornerstone of its first catastrophe bond, Liongate Re DAC, a $100 million issuance that reflects a growing trend of collaborative and diversified global risk transfer in the insurance-linked securities (ILS) space.

Reask, the catastrophe modelling and climate analytics specialist, has appointed Jo Williams as Head of Insurance Sales, as the firm looks to accelerate adoption across the reinsurance and insurance-linked securities (ILS) sectors.

Parametric natural catastrophe and weather risk transfer rates are forecast to be flat to -5% down, with capacity levels continuing to increase but so too are opportunities, as the focus continues to move beyond peak perils, according to WTW, the parent of insurance and reinsurance broking group Willis.

Catastrophe bonds and other private market risk-transfer tools are essential to help Europe’s agriculture sector manage mounting climate risks, according to Howden, as annual weather-related losses are expected to rise to €40 billion by 2050.

At Artemis’ ILS NYC 2025 conference, a high-profile panel of industry leaders highlighted the growing potential of parametric insurance-linked securities (ILS) to reshape risk transfer markets.