This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Descartes Underwriting, the parametric insurance and data-driven risk transfer specialist managing general agency (MGA), has hired former OTT Risk employee Matthew James as its new Commercial Director, UK & Ireland. James joins Descartes...
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. In a string of research reports, the World Bank Group and European Commission call on governments across Europe to utilise more in the way of disaster risk transfer and insurance to reduce the...
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. When global reinsurance firm Swiss Re announced its first-quarter results last week, the company also notified shareholders and markets that it intends to withdraw from its iptiQ business, a tech-focused initiative that effectively...
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. CatX, a digital catastrophe and parametric risk exchange start-up, has launched a new artificial intelligence (AI) tool named Catamaran, which can create and analyse a reinsurance submission then provide rapid feedback on investor...
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. 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...