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.
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 has appointed Ankur Kacker as UK digital asset leader in the financial and professional (FINPRO) practice.
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.
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, 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 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.
The Willis pension scheme has executed a longevity swap through its Guernsey-based captive.
Guernsey’s insurance industry is developing a green kitemark for its insurance-linked securities (ILS) platforms, to promote environmental, social and governance (ESG) issues.
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.