This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. With the insurance-linked securities (ILS) and reinsurance marketplaces being document-heavy, UK-based legal and regulatory technology company Scribestar has an ambition to streamline document production and compliance for these sectors and is rolling out...
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. According to Jay Madhu, the Chairman and Chief Executive Officer of Cayman headquartered reinsurer Oxbridge Re, the firm’s first series of tokenized reinsurance sidecar securities are set to deliver investors a 45% return,...
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. After a hearing held on Friday in the Supreme Court of Bermuda, an order has been filed that sanctions the settlement agreements that had been proposed under the Vesttoo Chapter 11 bankruptcy and...
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. The Supreme Court of Bermuda will hold a hearing in relation to the Vesttoo bankruptcy case this week, as the focus for creditors and cedents turns to receiving approval to proceed with the...
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Oxbridge Re Ltd., the Cayman Islands based reinsurance company, has launched its second reinsurance sidecar fundraising effort through the sale of up to $10 million of EpsilonCat Re tokenized reinsurance securities issued by...
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Another settlement agreement has been reached in the Vesttoo bankruptcy case, as the debtors, the Official Committee of Unsecured Creditors and reinsurance giant Hannover Re have reached an agreement over funds related to...
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. 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. 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,...
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. The joint provisional liquidators (JPL’s) to the cells of the Aon White Rock SAC vehicle that were affected by the Vesttoo letter of credit (LOC) in reinsurance fraud have objected to settlements reached...