Parametric insurance news

Arbol, a technology-led underwriter of parametric risk transfer, climate and weather insurance or reinsurance business, has made another key hire, bringing onboard Brad Livingston, an executive with significant insurance-linked securities (ILS) market experience, as its new Head of Risk Capital Solutions.

Arbol, a technology-led underwriter of parametric risk transfer, climate and weather insurance or reinsurance business, has announced another key hire, appointing Jeffrey Khoo to lead its Asia Pacific expansion plans.

Descartes Underwriting, an insurance technology (insurtech) focused managing general agency (MGA) that specialises in parametric and data-driven risk transfer products, has promoted one of its senior employees Lukas Schönach to become its Global Origination Practice Lead.

The Demex Group, a climate risk focused insurtech that aims to deliver climate-resilience through financial risk solutions on a global scale, has made a key hire, appointing Matt Coleman who most recently worked at Nephila Climate as its Chief Risk Officer.

New Paradigm Group, LLC, the Florida-headquartered specialist managing general agency focused on parametric insurance, reinsurance and risk transfer products, has announced the departure of its co-founder.

Hillridge Technology Pty Ltd, an Australian software technology company that aims to help users address the climate protection gap through parametric insurance, has raised a $2.3 million seed round and now seeks to expand further into Asia Pacific.

The California Senate is currently hearing readings of a new bill focused on legislation for extreme heat conditions, part of which includes a push to identify how heat-indices could be used as parametric triggers, including for catastrophe bonds.

The global semiconductor industry has faced its fair share of risk over the last few years, thanks in the main to geo-political factors and supply-chain disruption caused by the pandemic.

London headquartered insurance and reinsurance firm Beazley continues to enhance its parametric weather insurance offering, now entering into a partnership with Paragon Insurance Holdings to combine its underwriting with an online technology solution.

Arbol, a technology-led underwriter of parametric risk transfer, climate and weather insurance business, has partnered with Singapore based insurer Singlife with Aviva to provide it a parametric rainfall insurance product for travellers.