Category: InsurTech
Parametric specialist Descartes expands leadership with operations and claims hires
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Descartes Underwriting has strengthened its leadership team with the appointments of Sophie Bassoulet as Head of Operations and Kelly Collet-Jones as Claims Manager, as the company continues its global expansion in corporate parametric insurance. Both hires will report…
Reask adds Williams as Head of Insurance Sales, to drive adoption across re/insurance & ILS
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Reask, the catastrophe modelling and climate analytics specialist, has appointed Jo Williams as Head of Insurance Sales, as the firm looks to accelerate adoption across the reinsurance and insurance-linked securities (ILS) sectors. A well-known sales leader in the…
Siena Capital targets cat bond market with initial plan to launch daily pricing platform
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Siena Capital Group, LLC, a private investment office with a focus on special situations and that counts former Gallagher Securities trading and distribution specialist Jack Stone as a Partner, is targeting the catastrophe bond and insurance-linked securities (ILS)…
Kin’s Hestia Re 2022-1 cat bond to repay $170m majority of principal back to investors
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Artemis has learned from sources that the vast majority of principal from insurtech Kin’s $175 million Hestia Re Ltd. (Series 2022-1) catastrophe bond is expected to be returned to investors at the upcoming risk period end, while just…
Porch complaint against Gallagher Re over Vesttoo fraud dismissed with prejudice
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. The lawsuit filed by Porch Group against broker Gallagher Re regarding the Vesttoo reinsurance letter of credit (LOC) collateral fraud has been dismissed with prejudice by the Texas court. But Porch has said it intends to continue to…
Kin highlights “substantially lower pricing” of new Hestia Re 2025-1 cat bond
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Direct-to-consumer insurtech company, Kin Insurance has hailed the substantial improvement in pricing for its latest catastrophe bond issuance, the $300 million Hestia Re Ltd. (Series 2025-1) transaction, the company’s largest cat bond yet. Kin sponsored its debut $175…
Reask hires Joss Matthewman from Moody’s as Chief Revenue Officer
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Reask, the catastrophe modelling, climate analytics and data specialist, has announced that it has appointed Moody’s Joss Matthewman as its new Chief Revenue Officer, to help support the company’s next phase of growth. Matthewman brings extensive experience in…
Yokahu launches parametric risk exchange for London re/insurance market
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Yokahu, an insurtech and Lloyd’s Coverholder, has announced the launch of a parametric risk exchange platform for the London insurance and reinsurance market, aiming to seamlessly connect brokers, carriers, and data providers to streamline parametric risk transfer transactions.…
AI-powered parametric platform Mythen launched by DeSilva in Bermuda
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Insurance technology veteran Sandra DeSilva has announced the launch of Mythen, an artificial intelligence (AI)-powered parametric insurance platform and reinsurer, based in Bermuda and Texas, that specialises in writing natural catastrophe risks. Mythen, is comprised of a team…
Technology to drive growth in parametric ILS market: Ramseier, Twelve Securis
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Urs Ramseier, Chief Executive Officer of insurance-linked securities (ILS) manager Twelve Securis, expects significant growth in the parametric ILS market as technological advances enhance data quality, modelling, and trigger precision, creating new opportunities for business interruption coverage and…
