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Steve Muehler to launch an exchange for captives


The Steve Muehler portfolio of companies is partnering with a network of global insurance carriers and brokers to offer a global captive insurance suite of products and services via a global exchange.

Fast resolution explains popularity of parametric products: Stonybrook Capital

North America12-03-2021

Insureds are attracted to parametric products such as insurance loss warranties (ILW) because of their simplicity and because they offer faster resolution of payments, according to Joe Scheerer, principal and chief executive officer at Stonybrook Capital.

Marsh JLT Specialty appoints UK digital asset leader


Marsh JLT Specialty has appointed Ankur Kacker as UK digital asset leader in the financial and professional (FINPRO) practice. 

OutcomeRx launches a reinsurance product to improve access to high-cost specialty drugs

North America20-11-2020

OutcomeRx, a division of CareMetx, has launched a reinsurance product to provide coverage access to high-cost specialty drugs, including therapies in the emerging cell and gene therapy market. 

CCRIF pays more than $10m to Nicaragua following Tropical Cyclone Eta

Bermuda, Cayman and Caribbean18-11-2020

The Caribbean Catastrophe Risk Insurance Facility (CCRIF) will make a payout of $10.7 million to the Government of Nicaragua following the passage of Tropical Cyclone Eta. 

Global Parametrics creates parametric product to insure Mexican coral reef

Latin America04-09-2020

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.

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Captive International