This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Descartes Underwriting, a data-driven risk transfer specialist managing general agency (MGA) and insurer with a parametric focus, has launched a Strategy & New Business Division with two key hires, as the company looks...
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 announced an important hire for the company, bringing onboard experienced London-based reinsurance and retrocession broker Jon Wood to become the firm’s first Head...
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Aon’s segregated accounts company White Rock Insurance (SAC) Ltd. has filed a lawsuit in New York against China Construction Bank, alleging an “inside man” at the bank had represented that letters of credit...
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. The management of fronting specialist Clear Blue Insurance are praised for the rapid and determined response to the issues that arose when the company found itself caught up in the reinsurance letter of...
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. A pair of lawsuits that allege China Construction Bank staff were complicit in the reinsurance collateral fraud perpetrated by executives at Vesttoo could now be combined, as the Southern District of New York...
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 responded to broker Gallagher’s motion to dismiss...
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 announced the successful raising of $2.88 million for its sidecar structure through EpsilonCat Re tokenized reinsurance securities issued by its subsidiary SurancePlus Inc....
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. A new Bermuda-based asset manager has emerged named Members Capital Management Limited with well-known insurance-linked securities (ILS) industry executive Ben Fox in the Chief Investment Officer role and a mission to (re)diversify sources...
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Schroders Capital, the private markets business of Schroders Group and manager of around $5 billion of insurance-linked securities (ILS) assets, has collaborated with German reinsurance firm Hannover Re on a pilot tokenisation project,...
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) and insurer, has announced a re-organisation of some of its top executive team, as it sets out a platform...