This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. We reported earlier this week that the Government of Mexico is back in the catastrophe bond market with a new World Bank facilitated IBRD CAR Mexico 2024 parametric catastrophe bond. That deal is...
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. The Government of Mexico has returned to the catastrophe bond market, seeking $360 million or more in disaster insurance protection for earthquake and hurricane events, through a World Bank facilitated IBRD CAR Mexico...
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. The U.S. National Hurricane Center (NHC) has delivered its final tropical cyclone report for 2023’s hurricane Otis, putting the minimum central pressure of the storm at 922mb and 929mb at landfall on the...
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. The African Risk Capacity (ARC), a provider of parametric disaster insurance products to countries and other entities in Africa, has now paid out more than $170 million in claims to support its members...
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Insurtech Floodbase, which acts as a data provider and reporting agent for parametric risk transfer arrangements, is partnering with African Risk Capacity Limited (ARC Ltd.) and CelsiusPro-owned Global Parametrics, to deliver parametric flood...
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Insurtech Floodbase, which acts as a data provider and reporting agent for parametric risk transfer arrangements, is partnering with African Risk Capacity Limited (ARC Ltd.) and CelsiusPro-owned Global Parametrics, to deliver parametric flood...
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Miller, the independent and private equity funded broking group, has announced the launch of a dedicated parametric risk transfer focused business unit, hiring Alice Glenister to be head of the global team. Miller...
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. The modified and amended Chapter 11 bankruptcy plan of liquidation for insurtech Vesttoo got its court approval late yesterday, as the Delaware judge signed off on a last minute term sheet related to...
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Africa Specialty Risks, a pan-African focused reinsurance group, has announced a new partnership with a leading European reinsurer to double its parametric risk transfer capacity, with this new arrangement facilitated by broker Inver...
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Creditor parties in the bankruptcy of insurtech Vesttoo are much closer now to an agreement on the settlements that had provisionally been reached, as well as on the plan of bankruptcy and liquidation,...