This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. As per a new report from PwC, the inherent nature of parametric basis risk can be mitigated by improving the accuracy of models, refining index triggers, and ensuring high-quality data. PwC’s report observed...
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Porch Group, the owner of insurer Homeowners of America Insurance Company (HOA) which was impacted by the Vesttoo reinsurance letter of credit (LOC) collateral fraud, has now taken the step of suing broker...
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Aon has again called for fronting specialist Clear Blue Insurance’s lawsuit against it, related to the reinsurance letter of credit (LOC) fraud perpetrated by Vesttoo, to be dismissed, calling it an attempt to...
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Porch Group has filed a law suit in New York against China Construction Bank Corporation, over the Vesttoo reinsurance collateral fraud, accusing the massive Chinese bank of “enabling its personnel to perpetrate a...
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Industry loss warranties (ILWs) remain a useful and well-established instrument within the capital management toolbox of risk carriers, but do have their drawbacks, some of which can be mitigated or removed entirely by...
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. When Jamaica first ventured into the catastrophe bond market it was with the support of donor funding that paid the premiums for the 2021 issuance, but with its successful renewal issuance of the...
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Clear Blue Insurance has amended its complaint against Aon, in the New York court lawsuit related to the reinsurance letter of credit (LOC) fraud perpetrated by insurtech Vesttoo, with the language strengthened and...
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. The Government of Mexico has now secured $175 million of parametric Pacific named storm disaster insurance protection from the capital markets through the IBRD CAR Mexico 2024 (Pacific) catastrophe bond issuance, which is...
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Plover Parametrics has launched as a specialty brokerage focused on leveraging advanced technology to build out new parametric insurance products and has announced the hiring of former Descartes employee Brendan Beeg and a...
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Arbol, a technology-led underwriter of parametric risk transfer, climate and weather insurance or reinsurance business, has raised a $60 million Series B round, as it looks to scale parametric insurance in response to...