Category: Protection gap
New Black Kite Re cat bond reflects Peak Re’s goal to address Asia’s evolving cat risks: CEO
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Peak Re has hailed the structure of its latest catastrophe bond issuance, the $50 million Black Kite Re Limited (Series 2025-1) transaction, a move that the company’s CEO says reflects the firm’s broader mission to address Asia’s evolving…
ARC & Klapton Re partner to expand parametric climate insurance in Africa
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) and Klapton Reinsurance Limited (Klapton Re) have signed a Memorandum of Understanding (MoU) to establish a new partnership aimed at expanding access to parametric climate insurance solutions across Africa. The agreement brings…
The level of cat bond and parametric work we’re doing is exceptional: Aon CEO
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Having reported another quarter of double-digit revenue growth for its catastrophe bond and insurance-linked securities (ILS) related activities, Greg Case the CEO of broking giant Aon also highlighted parametric risk transfer as another area he sees activity levels…
Peak Re secures second Black Kite Re catastrophe bond at targeted $50m size
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Peak Re has now successfully priced its second catastrophe bond with the Black Kite Re Limited (Series 2025-1) issuance set to provide the targeted $50 million of retrocession across Japanese typhoon and earthquake risks on an industry-loss basis,…
Abundant capacity, cheaper reinsurance drive Q1 decline in property rates: Marsh
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Rates for property insurance are declining across the globe with abundant capacity in the sector and insurers now benefiting from cheaper reinsurance costs, all of which is softening the property insurance market, commentary from broker Marsh suggests. Much…
Liongate Re cat bond to cover Japan quake for Zenkyoren & German parametric quake
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Artemis has learned that a new Liongate Re DAC catastrophe bond is in the market with a target to secure $100 million of limit to provide Japanese mutual Zenkyoren with aggregate earthquake reinsurance, while also providing a source…
Global Parametrics to underwrite for Canopius as Lloyd’s Coverholder
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Global Parametrics, part of the CelsiusPro Group, has been named a Lloyd’s coverholder for Canopius Syndicate 4444, marking a significant expansion in capacity for its delivery of parametric risk transfer solutions for natural catastrophe events. Under the agreement,…
Parametric regional risk pools get Global Shield support to deepen collaboration
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. The main four parametric disaster insurance risk pools have signed a grant agreement with the Global Shield Solutions Platform (GSSP) to help them accelerate and deepen their collaboration, something which could have implications for how they transfer risk…
Generali GC&C to scale up ART & Parametrics, names Pignoli Head
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Generali Global Corporate & Commercial (GC&C) has named Michele Pignoli as Head of a newly established unit focused on Alternative Risk Transfer (ART) and Parametric insurance solutions, as the company sets its sights on scaling up this segment…
