parametric reinsurance

Arbol, a technology-led underwriter of parametric risk transfer, climate and weather insurance or reinsurance business, has announced the launch of a UK based managing general agent (MGA) based in London, with the Lloyd’s syndicate backed entity set to underwrite global parametric business.

Parameter Climate, the parametric climate risk transfer focused underwriter and advisor, has completed a management buyout of seed investor SiriusPoint, as the latter continues to reduce its equity ownership in program and MGA businesses.

Insurtech Floodbase has partnered with specialised crop and farm underwriting system and service provider Ag Guard to deliver parametric flood insurance to cover agricultural risks in Australia and New Zealand.

African Risk Capacity Limited (ARC Ltd.) has entered into a partnership with insurtech Floodbase that will see the pair working to develop, distribute, and scale parametric flood insurance products for Africa.

The CCRIF SPC (formerly known as the Caribbean Catastrophic Risk Insurance Facility), has made two payouts for Caribbean countries parametric excess rainfall insurance policies, after tropical storm Philippe in early October.

In what could turn out to be a ground-breaking development, parametric disaster insurance risk pools African Risk Capacity Limited (ARC), Caribbean Catastrophe Risk Insurance Facility (CCRIF SPC), the Pacific Catastrophe Risk Insurance Company (PCRIC), and the Southeast Asia Disaster Risk Insurance Facility (SEADRIF), have signed an MOU and will explore a joint reinsurance facility to […]

Howden, the global insurance and reinsurance broking and underwriting group, has launched a new Howden Climate Parametrics unit, to bring together its parametric risk transfer, climate risk and resilience, capital markets and insurance-linked securities (ILS) expertise, to deliver responsive risk transfer solutions.

Risk capital and reinsurance solutions broker Augment Risk has announced the launch of a Parametric risk transfer division which will be led by former Inver Re and Aon weather and parametrics specialist Kurt Cripps.

Fiji has signed a committent letter with the Pacific Catastrophe Risk Insurance Company (PCRIC) to take-up its parametric cyclone insurance product, on the sidelines of the World Bank Group and International Monetary Fund Annual Meetings in Morocco yesterday.

Descartes Underwriting, the parametric insurance and data-driven risk transfer specialist managing general agency (MGA), has named former Chief of Staff Marlène Luce to take on the new role of Head of Strategy & New Business, as leader of a newly formed department.