Florida attractive, as it trades above overall cat bond market spread: Tenax Capital
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Tenax Capital, the London based asset manager that operates a UCITS cat bond strategy, considers Florida exposed catastrophe bonds more attractive now, seeing improvements in the insurance environment there and an excess spread available for its allocations, compared…
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…
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…
Head of PCS Global Strategy and Growth Alex Mican to depart Verisk
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Artemis has learned that Alex Mican, the Head of PCS Global Strategy and Growth at Verisk Claims, is departing the company. We understand Mican is departing for a new role in the industry which we are told he…
K2 Advisors says cat bond issuance must absorb cash, raises conviction on retro
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. K2 Advisors, the hedge fund focused investment management unit of Franklin Templeton, continues to overweight most insurance-linked securities (ILS), but in its outlook for 2025 notes that meaningful catastrophe bond issuance is required to absorb cash in the…
