Category: InsurTech
Porch agrees $7.1m settlement with Vesttoo Creditors Liquidating Trust
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 agreed a $7.1 million settlement over constructive trust claims with the Vesttoo…
Oxbridge Re confirms 20% & 42% return targets for tokenized reinsurance sidecar tranches
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 now confirmed its two tranche offering of tokenized reinsurance securities that will fund its collateralized reinsurance sidecar vehicle Oxbridge Re NS for 2025, with 20% and 42% return…
Kin secures 50% upsized $300m Hestia Re 2025-1, its largest cat bond yet
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Artemis has learned that direct-to-consumer insurtech company, Kin Insurance, has now successfully priced its latest catastrophe bond transaction, securing the 50% upsized target of $300 million of Florida named storm reinsurance protection from the Hestia Re Ltd. (Series…
