This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. NormanMax Insurance Holdings, the US based parametric insurance and reinsurance group that is the operator of the first pure-parametric syndicate at Lloyd’s, has announced the hiring of a new Chief Underwriting Officer in...
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Communications specialist Liberty Latin America is expecting a $44 million payout from parametric weather derivatives after the passage of hurricane Beryl triggered these instruments for the company. Liberty Latin America is one of...
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Liberty Mutual Reinsurance (Liberty Mutual Re), the reinsurance arm of the Liberty Mutual insurance group, is providing the capacity to support a new parametric insurance program to benefit Kenyan coffee growers. Working with...
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. African Risk Capacity Limited (ARC Ltd.), the financial affiliate and parametric insurance underwriting entity of the African Risk Capacity (ARC) Group, has commemorated its ten-year anniversary and said it has now paid out...
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Nagaland, a mountainous state in northeast India, remains the first state in India to buy parametric disaster insurance to protect itself and its critical infrastructure against the impacts of natural catastrophes. State focused...
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Generali Global Corporate & Commercial has appointed alternative risk transfer and capital solutions executive Michele Pignoli as its new Global Head of Parametric Products & Solutions. The company said that his appointment “underscores...
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. The African Risk Capacity (ARC) Group, a provider of parametric disaster insurance products and risk pooling for countries and other entities in Africa, has made just over $11.6 million in payouts to Malawi...
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Global insurance group AXA, through its Hong Kong and Macau branch, has announced the launch of a parametric insurance product tailored to respond to heatwave situations that can create heat stress for outdoor...
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. The World Bank has approved the Regional Emergency Preparedness and Inclusive Recovery Program (REPAIR), which is designed to boost financial resilience against climate shocks for Eastern and Southern African countries and leverages private...
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. The Chicago Mercantile Exchange (CME Group) has expanded its range of weather risk transfer products, with the recent launch of seasonal strip weather futures and options contracts. The CME has been trading weather...