Analysis & Comment
The risk management toolkit expands
Pre-arranged financing rationale is robust, but few examples of transformational impact: CDP
Parametric solutions get their time in the sun
Quantifying quakes: A guide to parametric structures for earthquake risk
Buyers showing interest in parametric covers for peak perils ahead of 1.1
$3.1mn fraud highlights potential for parametric triggers to be undermined
Alternative solutions continue to address demand for frequency reinsurance protection
African Risk Capacity’s Diong to lead loss and damage fund
Studying storms: A guide to parametric structures for tropical cyclone risk
It’s good to be different
A decade after its launch, the promise of the African Risk Capacity is renewed
Flight disruption from outages causes surge in parametric travel payouts
Hurricane Beryl likely to trigger parametric insurance and cat bond payouts
MGA closures highlight challenges of retail parametric
Parametric innovations seek to unlock new cyber and D&O capacity
Non-traditional reinsurance among remedial measures for US carriers as frequency perils bite
The 12 themes of 2023 – Part 2
Parametric solutions open door to more resilient future
Parametric triggers emerging as potential mechanism of choice for future pandemic solutions
Airlines facing losses after NDBI failed to take off
Parametric possibilities?
Agriculture
Lockton Re to develop new parametric products with Verisk crop models
Peak Re’s Cheng: Asia agriculture demand to keep rising as exposure grows
USDA makes $143mn in parametric payouts for Hurricane Milton
Crop insurance pays $4.6mn to Myanmar farmers after flooding
Liberty Mutual Re adds Axa’s Belin to agriculture and parametrics team
Ghana government purchases parametric drought policy from ARC
AIR Parametric launches LM Re-backed dairy heat stress insurance in the US
Land Bank Insurance and CelsiusPro to pilot parametric drought cover in South Africa
Typhoon Bebinca triggers parametric agriculture payouts in China
India heatwave triggers Future Generali parametric payout to poultry farm
State-subsidised drought insurance pays ~€120mn to Austrian farmers
$3.1mn fraud highlights potential for parametric triggers to be undermined
Parametric agriculture firm WRMS expands to Latin America
CelsiusPro Australia parametric program paid $237k to cotton farm after May rainfall
Gallagher Re adds LM Re’s El Angoudi for parametrics and EMEA agriculture
People Moves
Blink Parametric parent adds Miller's Glenister as non-executive director
Klemm and Tuinenburg join Tokio Marine HCC’s parametric weather reinsurance unit
Skyline Partners adds Murphy as head of parametric structuring
Tokio Marine HCC bolsters parametric weather unit with Arbol’s Muir and Ibarra
HDI appoints Joly-Pottuz to lead ART unit Enablers
SCS specialist Demex hires Arbol’s Su as managing director of structured risk solutions
Descartes hires engineering and credit risk specialists to explore new product opportunities
Arbol insurance origination head and Europe managing director Muir exits firm
Lockton adds FloodFlash’s Bellwood to parametric team
NormanMax Syndicate adds Munich Re’s Coyne as executive underwriter
Trigger Parametric launches led by former ASR and Stable underwriters
Gallagher Re’s Titherley joins CelsiusPro’s Global Parametrics
African Risk Capacity’s Diong to lead loss and damage fund
Ibarra and Klemm depart parametric insurance and derivatives specialist Arbol
Juniper Re launches parametric practice with Pewter hire from CelsiusPro