Parametric News
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NormanMax Agrees to Purchase Parametric Flood Specialist MGA, FloodFlash
Feb 26 2025 // NormanMax Insurance Holdings, the Miami-based provider of parametric re/insurance solutions, has agreed to acquire FloodFlash, the parametric flood managing general agent, subject to regulatory...
Aon, Floodbase, Swiss Re Team on Parametric Storm Surge Solution for US Hurricane
Feb 5 2025 // Aon plc said it has launched a new parametric insurance solution designed to address and mitigate commercial losses from hurricane-related storm surge along the coast of the U.S.Developed with parametric flood insurance...
Descartes Launches Parametric Tornado Coverage for Solar Farms
Jan 23 2025 // Descartes Underwriting has announced the launch of a parametric insurance product to protect utility-scale solar farms against tornado damage.According to a press release, the coverage uses satellite data and analytics to...
Guy Carpenter to Research Parametric Solutions in California, Florida
Dec 12 2024 // Guy Carpenter said it is starting a research project to explore the use of parametric insurance solutions in California and Florida for wildfire and hurricane risks.The effort will focus on the use of a...
Markets/Coverages: Rokstone Launches Global Parametric Product
Nov 20 2024 // Rokstone, the London-based speciality re/insurance MGA that is part of the Aventum Group, has launched Rokstone Parametric in partnership with NormanMax Lloyd’s Syndicate 3939.With an initial US$10 million worldwide...
University of California Purchases Sensor-Triggered Earthquake Parametric Policy
Oct 2 2024 // What is being called the first sensor-triggered earthquake parametric insurance policy in the U.S. was purchased by The University of California.Liberty Mutual Reinsurance, part of Liberty Mutual Insurance Group, and...
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