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Arbol hires ILS exec Brad Livingston as Head of Risk Capital Solutions

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. Livingston joins Arbol after a period spent at private equity read the full article →

Arbol hires Jeffrey Khoo from Ed to lead APAC expansion

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. Khoo most recently worked at reinsurance broker Ed, where he held the role of Chief Marketing Officer, APAC. Prior to that, Khoo read the full article →

Beazley takes its parametric Weather Guard product online

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. Beazley's Weather Guard product is one of the better known parametric weather insurance offerings in the marketplace. The Weather read the full article →

Arbol supports Singlife with Aviva’s parametric rainfall travel cover

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. Singlife said this morning that it is the first insurer in Singapore to offer a parametric insurance product designed read the full article →

Fathom & Reask partner on combined wind and flood risk models

Specialist flood risk modeller Fathom, and Reask, a climate analytics firm that leverages machine learning techniques, have partnered to create new, combined wind and flood risk models for re/insurers, banks, and ESG-focused investors. Initially, this collaboration will see each company permitted to sell the other's products and services to both new read the full article →

Arbol reports impressive growth as GWP transacted in H1 2022 exceeds $100m

Technology-led underwriter of parametric risk transfer, climate and weather insurance business, Arbol, has today reported that it transacted more than $100 million in gross written premium (GWP) in the first half of 2022. Impressively, this figure is more than 70% higher than the $70 million in GWP the firm transacted in read the full article →

Howden, Munich Re & Skyline create Jamaican parametric hurricane cover

Broking group Howden, global reinsurance firm Munich Re and UK insurtech Skyline Partners have teamed up to develop a parametric hurricane insurance product for Jamaican farmers. The parametric insurance is designed to stabilise Jamaica's financial system for its farming community, which it is said is coming under significant stress due to read the full article →

Nephila’s Darren Toh moves across to Climate team

Darren Toh, a portfolio strategy focused employee of insurance-linked securities (ILS) investment manager Nephila Capital, has moved across to the firm's weather and climate risk focused division, Nephila Climate. Toh joined Nephila back in 2016, first as an intern on the research side at Nephila Advisors, working at the ILS managers read the full article →

Parametric risk transfer interest drives innovation, but consolidation possible

Rising interest in parametric insurance and risk transfer has resulted in an influx of investor capital into the space, the development of new MGA's and capacity, as well as new technology platforms. While this is driving innovation in the parametric risk transfer space, the market is only so big for parametric read the full article →

Descartes & Reask partner to expand parametric cyclone covers

Descartes Underwriting, the insurance technology (insurtech) focused managing general agency (MGA) that specialises in parametric and data-driven risk transfer products, is partnering with Reask, a climate analytics and data company that uses machine learning techniques. The partnership is focusing on tropical cyclone risk transfer, with the pair hoping to "push the read the full article →