This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Global commercial insurance rates were flat in the second quarter of 2024, according to broker Marsh’s latest analysis and while the rate experience is mixed across the globe in property risks, in the...
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Global reinsurance firm Munich Re has provided the capacity to support a parametric wind proxy hedge risk transfer product structured using a solution from kWh Analytics, for a 59MW, 14-turbine wind project in...
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Following the onslaught of hurricane Beryl, the Government of Grenada has now received its US $44 million payout from the CCRIF SPC after its parametric insurance was triggered, but in addition the islands...
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. After the onslaught of hurricane Beryl in the Caribbean, it transpires that the reinsurance program backing the CCRIF SPC (formerly known as the Caribbean Catastrophe Risk Insurance Facility) has been triggered, with the...
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. The Natural Disaster Fund (NDF), a public-private partnership funded by UK and German governmental entities and managed by Global Parametrics, has made US $1.45 million in payouts in Grenada after a windspeed cat-in-a-polygon...
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Jamaica’s recovery from the impacts of major hurricane Beryl is set to benefit from an additional roughly US $10.3 million payout by the CCRIF SPC, after the storm triggered its excess rainfall policy...
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Parametrix, a specialist in parametric cloud downtime cyber insurance and reinsurance protection, has secured a $50 million cover for a US retailer, with the assistance of Aon, Howden and with a range of...
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Reinsurance broker Guy Carpenter is rolling out a new parametric flood product that has been designed to enable risk transfer for large portfolios of exposure across wide-areas. The FloodShield triggers are structured with...
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Global Parametrics, the parametric and index-based disaster risk transfer company, has partnered with One Acre Fund to provide smallholder farmers in Zambia and Malawi with financial protection against the adverse impacts of drought...
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Grenada is set to receive a payout of approximately US $44 million from the CCRIF SPC (formerly known as the Caribbean Catastrophe Risk Insurance Facility) after hurricane Beryl battered the Caribbean country, triggering...