News

Global Parametrics creates parametric product to insure Mexican coral reef

Global Parametrics, a provider of parametric protection against climate risks and natural disasters, has led the renewal of the $1.9 million Mexican Reef Protection Programme, alongside Grupo Financiero Banorte and Hannover Re. 

RYSKEX wins Lloyd’s Lab Fusion event with parametric cover for US power outages

RYSKEX has been named as the winner of the Lloyd’s Lab Fusion event, designed to test early-stage start-up ideas aimed at dealing with COVID-19 and other systemic risks.

Willis pension scheme uses a Guernsey captive to execute a longevity swap

The Willis pension scheme has executed a longevity swap through its Guernsey-based captive. 

Guernsey develops ESG kitemark for ILS

Guernsey’s insurance industry is developing a green kitemark for its insurance-linked securities (ILS) platforms, to promote environmental, social and governance (ESG) issues. 

RYSKEX boss forms Ten C’s to develop parametric pandemic coverage

A group of insurance industry executives has joined together to form Ten C’s, a startup that will develop parametric insurance for business interruptions and event cancellations due to pandemics and other systemic risks.

How a captive can bring cryptocurrencies to the mainstream

Regulation is important to Gemini Trust Company, the cryptocurrency exchange and custodian that launched a captive insurance company, Nakamoto, in January.  

Captives increasingly interested in parametric triggers: AXA XL

Firms mull insuring reputational risk using captives as cyber bolt on

While a growing number of companies are using their captives to transfer cyber risk, some of the most innovative are also exploring the possibility of insuring reputational risk, according to Jason Flaxbeard, executive managing director, captive management and consulting, Beecher Carlson.

First captive to manage cryptocurrency risk formed on Bermuda

The first captive to manage risk associated with crypto currencies has been formed on Bermuda. The vehicle has been formed by a large financial institution to take on the risk of digital assets that it stores on behalf of third parties being stolen.

Vermont becomes latest domicile to introduce regulatory sandbox law

This week Vermont passed legislation that creates a regulatory sandbox for the development of a new generation of innovative insurance products, services and technologies.