reinsurance

Ledger Investing, the insurance technology (insurtech) and insurance-linked securities (ILS) focused company, has announced a successful new Series B capital raise that has secured it $75 million in growth capital.

Vesttoo has made a key hire, attracting experienced insurance-linked securities (ILS) executive and innovator Stefano Sola to join the company in the role of Global Head of Capital Markets.

Independent and private equity funded broking group, Miller, has revealed that James Hands will take over as Chief Executive Officer (CEO) of the insurance and reinsurance broker, succeeding Greg Collins.

The fact some large and previously significant catastrophe exposed reinsurance firms have announced plans to pull-back and reduce exposures this year bodes well for pricing right through into 2023, according to analysts from JP Morgan.

Almost three years after setting its sights on expansion into Japan, PERILS AG, the Zurich headquartered provider of catastrophe loss data and indices, has now launched its first industry loss data service there, with a focus on wind and flood loss events.

Louisiana’s Department of Insurance said that it has arranged extra reinsurance to secure coverage for policyholders affected by the failure of a number of coastal property underwriters, giving more time for the policies to be placed elsewhere, or assumed by Louisiana Citizens.

In the current macro-economic environment, it is critical the reinsurance and insurance-linked securities (ILS) markets get to grips with inflation and making sure it is priced for, Niklaus Hilti explains in a new Artemis Live video interview.

Index-based risk transfer has a key societal role to play, in providing protection to support issues such as the renewable energy transition, covering extreme weather catastrophe events, and helping support access to scarce resources, newly renamed Speedwell Climate has said.

Aura Underwriting, which is part of global specialty insurance and reinsurance MGA Rokstone, has launched a new Caribbean parametric product which provides reinsurance for hurricanes, with qualifying claim payouts in days.

AXA Climate, the parametric specialist risk transfer managing general agent (MGA) unit of global insurance and reinsurance company AXA, has partnered with Hailios, a company that leverages technology and sensors to help close gaps in hail protection.