All the headlines from our Parametric Topic Page, ordered by recency.
Mar 4 2024 // WTW and The Nature Conservancy (TNC) announced the purchase of a new coral reef insurance policy that expands coverage around the main Hawaiian Islands and increases payouts after qualifying storms.This replaces the first...
Mar 1 2024 // This edition of International People Moves details appointments at the re/insurer AXIS Capital Holdings and insurance broker Miller.A summary of these new hires follows here. AXIS Promotes Ashby to Chief Commercial...
Feb 16 2024 // WTW and The Nature Conservancy (TNC) announced the purchase of a new coral reef insurance policy that expands coverage around the main Hawaiian Islands and increases payouts after qualifying storms.This replaces the first...
Feb 2 2024 // Descartes Insurance, the risk-carrying insurer formed in 2022 by climate-risk managing general agent Descartes Underwriting, has launched the first parametric cyber insurance for corporate clients in France.Described as...
Dec 21 2023 // NormanMax Insurance Holdings, the Miami, Florida-based parametric re/insurance group, has received “in principle” approval from Lloyd’s to launch a syndicate, which will be managed by Apollo Syndicate...
Oct 17 2023 // Howden, the London-based insurance group, announced the creation of Howden Climate Parametrics, a global practice that brings together re/insurance, climate, and data expertise to focus parametric risk transfer solutions...
Sep 7 2023 // CelsiusPro AG, the Zurich-based parametric insurance managing general agent, announced the acquisition of Global Parametrics Holding Co. Ltd.CelsiusPro said the deal will strengthen its global capabilities to offer...
Mar 16 2023 // Intangic MGA, a London-based cyber managing general agent (MGA), has been launched with capacity backing from AXA XL, offering new cyber insurance cover for large public corporations headquartered in the UK.The company is...
Mar 8 2023 // Insurer Swiss Re Corporate Solutions, reinsurance broker Guy Carpenter, and the data technology firm ICEYE have teamed up with New York City government agencies to develop a pilot parametric flood recovery assistance...
Dec 6 2022 // Parametric flood insurance is still in its infancy in the United States, but one index-based insurer is preparing to make a splash in five states in early 2023.FloodFlash is set to begin offering parametric coverage for...
Jun 22 2022 // Parametric Insurtech startup BirdsEyeView has closed a seed funding round for an undisclosed amount led by SFC Capital, with the funds matched by the European Space Agency (ESA).BirdsEyeView uses satellite data to...
Jun 21 2022 // Aura Underwriting, part of Rokstone, the Aventum Group’s global specialty re/insurance MGA, has announced the launch of Aura Parametric, a new Caribbean parametric product to complement its existing Lloyds Caribbean...
Jun 3 2022 // Governor Phil Scott recently signed legislation (H.515) into law modernizing Vermont’s captive insurance statutes, including giving captive insurance companies authority to enter into parametric risk transfer...
May 2 2022 // Howden, the London-based insurance broker, has worked with Munich Re and Skyline Partners to develop a product that protects the Jamaican Co-operative Credit Union League (JCCUL) against non-repayment of micro-loans from...
Feb 28 2022 // Descartes Underwriting, the Paris-based parametric insurtech, has formed a partnership with Reask, the tropical-cyclone modeling firm.The partnership aims to expand the availability and advancement of parametric cyclone...
Feb 22 2022 // Matt Groenheide, previously with GuideOne Insurance, HDI Global and Zurich, has joined New Paradigm as senior vice president and director of specialty programs. Groenheide will lead a program that matches parametric risk...
Feb 11 2022 // FloodFlash, the UK parametric insurance technology company that pays catastrophic flood claims within 48 hours, announced a Series A capital raise of $15 million.The round was led by Chicago-based Buoyant Ventures with San...
Feb 2 2022 // This edition of International People Moves details appointments at Swiss Re Corporate Solutions, Chubb and Marsh.A summary of these new hires follows here. Swiss Re Corporate Solutions Promotes 2 in Engineering &...
Feb 1 2022 // Parametrix Insurance, a provider of parametric cloud downtime insurance, and ComTech-Leavitt Insurance Services, a member of insurance brokerage Leavitt Group, have partnered to help businesses using the cloud reduce their...
Jan 31 2022 // Descartes Underwriting, the insurtech company that specializes in parametric natural catastrophe products, has announced a $120 million Series B funding round.Growth equity firm Highland Europe is leading the capital-raise...