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. 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. 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...
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Jamaica is set to benefit from an approximately US $16.3 million payout from the CCRIF SPC (formerly known as the Caribbean Catastrophe Risk Insurance Facility) after hurricane Beryl triggered its parametric tropical cyclone...
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. According to sources, after hurricane Beryl came very close to triggering Jamaica’s $150 million IBRD CAR Jamaica 2024 catastrophe bond, there has been a slight decline in where it is marked on some...
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. While Jamaica won’t receive a payout from its catastrophe bond after hurricane Beryl passed close to the island but was not intense enough, or a direct hit, to activate that structure’s trigger, the...
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. The Pacific Catastrophe Risk Insurance Company (PCRIC) has expanded its parametric insurance risk pool in the last year, signing up new sovereign and its first non-sovereign policy holders, while continuing to develop its...
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Hurricane Beryl is back, having regained its hurricane strength wind speeds and now the storm heads for a Texas landfall. The fact Beryl took longer than anticipated to regain its structure and intensify...
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 a US $32 million payout to benefit Zimbabwe...
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. The CCRIF SPC (formerly known as the Caribbean Catastrophe Risk Insurance Facility) has seen its members renew their parametric insurance policies for the 2024/2025 policy year, with 10% more in parametric coverage purchased,...