Parametric reinsurance news

Kettle, the reinsurance focused deep-learning and artificial intelligence (AI) MGA, has partnered with Reask, provider of catastrophe modelling, climate analytics and data using machine learning techniques and artificial intelligence, to help it expand its offering to include US parametric hurricane reinsurance.

Arbol, a technology-led underwriter of parametric risk transfer, climate and weather insurance or reinsurance business, has teamed up with the Institutes RiskStream Collaborative to put parametric reinsurance trigger data processes and validation on a blockchain, claiming a first.

Gianfranco Lot, Chief Underwriting Officer (CUO) of P&C Reinsurance at Swiss Re, has highlighted the importance of the insurance-linked securities (ILS) market in helping to close the protection gap, noting that the sector is evolving in a positive manner. Speaking recently during reinsurance giant Swiss Re’s 2023 Media Dialogue, Lot commented on the role of […]

Skyline Partners, a UK-based insurtech managing general agent (MGA) focused on parametric insurance and risk transfer has announced a partnership with satellite and space data specialists Spire Global, as it looks to bring satellite observations into the triggers for its parametric products and to expand its product offering to new lines of business.

Aon has announced the hiring of Cole Mayer from Swiss Re, with the executive joining the broker to lead a global center of excellence for parametric products, reporting to Aon Securities CEO Paul Schultz.

Broker WTW said today that the innovative parametric hurricane insurance program to protect the Mesoamerican coral reef has been expanded again, with AXA Climate as the sole capacity provider and a refined parametric trigger structure utilised this year.

London headquartered specialty insurance and reinsurance firm Beazley has teamed up with Arbol, a technology-led underwriter of parametric risk transfer, climate and weather insurance or reinsurance business, to deliver a range of parametric climate and weather risk transfer products to clients.

Arbol, a technology-led underwriter of parametric risk transfer, climate and weather insurance or reinsurance business, has become the latest company to establish a collateralized insurer class of company in Bermuda, named Arbol Re Ltd.

ICEYE, a provider of satellite data and services to inform decision-making and analysis, and Global Parametrics, the parametric and index-based disaster risk transfer company, have entered into a flood data agreement to support the development of innovative parametric solutions.

Inver Re, the Ardonagh Group’s reinsurance broking arm, has added a new leadership position focused on parametric risk transfer, hiring Gareth Davies from Price Forbes as its new Chairman, Parametrics.