Service provider
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The platform will transform ILS transactions on behalf of Jireh and SRS clients. -
The firm will advise and support third-party risk capital providers.
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The industry loss number has increased threefold from an initial $5bn pick.
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AM Best said it expects insured losses from the California wildfires to be “significant”.
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Most of the industry losses occurred in Austria, the Czech Republic and Poland.
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The loss figure has increased 200% from the initial number provided in October.
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Artex said the solution should allow for the expansion of services in the Middle East and Africa.
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The loss tally is considerably lower than estimates issued by model vendors.
