Insurance
Positive cat bond market momentum continues: Q3 2020 Report
The catastrophe bond market saw continued positive momentum throughout the third-quarter of 2020 and despite continued financial market uncertainty and volatility as a result of the Covid-19 pandemic, the result was an above-average quarter of issuance, according to the latest report and data from Artemis. Our latest quarterly report on the catastrophe bond and related…
Read MoreInsurwave bringing parametric triggers to complex commercial lines
Commercial lines focused insurtech platform provider Insurwave has raised £5 million of additional funding to drive further growth and help it expand service offerings for parametric trigger design more broadly into complex commercial insurance and perhaps reinsurance lines. Insurwave is a platform for the insurance ecosystem and among the offerings it has for carriers is…
Read MoreCatastrophe losses may outweigh pandemic for U.S. P&C insurers in H2 2020: Fitch
In the second-half of 2020, while impacts from the COVID-19 pandemic continue for the U.S. property and casualty (P&C) insurance space, carriers may find themselves more impacted by losses from recent and continuing catastrophe events, Fitch Ratings has said. Pandemic-related insured losses and premium volume declines caused by the economic situation will continue to adversely…
Read MoreMudslides Often Follow Wildfire; Prepare, Know Insurance Implications
As wildfires continue to burn in California, Oregon, Colorado, and elsewhere – and people pray for precipitation to help firefighters in their efforts – another threat looms: mudslides. Wet weather is in Oregon’s forecast, and the Marion County Sheriff’s Office warned that mudslides and falling trees will be a big concern with so much burned land in the county. Areas that could be seriously affected include Mill City and Gates, where much of the…
Read MoreParametric cyber business interruption cover launched at Lloyd’s
A new cyber business interruption insurance solution using parametric triggers related to outages has been launched at Lloyd’s with backing from Tokio Marine Kiln (TMK) and other members of Lloyd’s Product Innovation Facility including reinsurance firm RenaissanceRe. The parametric risk transfer product is designed to provide business interruption coverage to small and medium sized enterprises…
Read MoreMultiplicity Partners targets acquisitions of ILS side pockets
Multiplicity Partners, a boutique Zurich-based investment firm that specialises in secondary opportunities and providing liquidity solutions to holders of private market funds and distressed assets, is targeting the insurance-linked securities (ILS) space and wants to offer a solution to those experiencing trapped ILS collateral. Having been active in the secondary market for private fund and…
Read MoreAssessing Financial Support for Businesses During the Pandemic
On September 28, the American Action Forum (AAF) hosted an event convening experts to discuss the urgency of government-backed financial relief for businesses whose incomes have suffered under the coronavirus pandemic conditions and what challenges lie ahead. Entitled “Assessing Financial Support for Businesses During the Pandemic,” the discussion was centered on the following key topics: The impact and…
Read MoreLedger Investing raises $10m Series A to scale-up ILS offering
Ledger Investing, an insurance technology (insurtech) and insurance-linked securities (ILS) focused venture-backed start-up, has announced raising a $10 million Series A round, as it looks to scale-up its platform and broaden the world of insurance securitization. The new financing round was led by AllegisNL Capital with participation from prior investors including, MassMutual Ventures, Signalfire, Accel…
Read MoreHow Tremor helps ceded reinsurance teams in a challenging market. Q&A with Sean Bourgeois, CEO
Artemis spoke with Tremor Technologies CEO and Founder Sean Bourgeois to understand how ceded reinsurance teams are leveraging Tremor’s technology to help them navigate the currently challenging reinsurance market environment. Tremor is an insurtech that is getting increasing traction for its offering of a technology-based programmatic insurance and reinsurance risk transfer marketplace. Through the use…
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