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The Florida carrier launches its two-tranche 2018-1 to cover named storms. -
The carrier's risk-adjusted reinsurance spend rises less than 1 percent.
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Travelers has returned to the ILS market to renew cover.
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Hedge fund Citadel has hired the founder of weather-driven hedge fund Cumulus, Peter Brewer, along with 20 traders and analysts from the fund as it closes down, according to reports.
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Insurers with huge exposure to "silent cyber" risk present a significant opportunity to the ILS sector, according to panellists at the Trading Risk ILS conference in London held last week.
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Aon Benfield has said the spring storms that buffeted the US last week have resulted in “hundreds of millions” of dollars’ worth of insured losses.
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Nephila Holdings has launched a specialty division Nephila Climate (NCx) which is dedicated to weather risk transfer and climate resilience.
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Axa's parametric solutions company Axa Global Parametrics has agreed to offer weather insurance coverage via the trading platform WeatherXchange, the companies announced.
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Axa is expanding its parametric insurance offerings with the launch of Axa Global Parametrics, the company announced today
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Microsoft has benefited from a hedging arrangement with Allianz Risk Transfer (ART) as it bought enough wind energy to entirely power its vast data centres, the company announced.
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Lloyd's weather risk coverholder GCube has appointed a weather risk analyst, Geoff Taunton-Collins, to support the expansion of the company's weather risk operations to North America.
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Betting services company Lottoland has completed a EUR100mn bond that will provide it with insurance cover against the risk of unexpectedly high payouts
