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ILS fund Hudson Structured Capital Management is a significant minority investor in both companies and was involved in the transaction.
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Lloyd's veteran Richard Foster, previously head of global property at Brit, will lead underwriting at the venture.
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InsurTech is not a market that is as ripe for disruption as the catastrophe reinsurance business was, according to Scor’s Adrian Jones.
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Distribution and transaction efficiencies have been targets for InsurTech gains but the time for underwriting improvements will come.
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Tremor Technologies’ electronic auction house for reinsurance made its first trades this summer, joining a growing number of initiatives aimed at creating online marketplaces for risk trading.
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Tullett Prebon has signed up 60 clients so far to its London-based Insurance Linked Notes (ILN) platform, which enables lower-cost and anonymous live trading of industry loss-based securities.
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Duperreault recognises the quality of the Bermudian reinsurance industry.
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This is believed to be the first ever listing of blockchain notes on a regulated exchange.
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GC Genesis will match insurers with relevant start-ups from a network of 2,000 businesses built up over the last year.
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Tremor’s auction technology matches capacity to bidders to achieve the lowest overall rate.
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Insurance boutique merchant bank Kingsway Financial Services hopes to raise gross proceeds of $52mn from its new ILS fund, Insurance Income Strategies, according to an updated prospectus filing.
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Lloyd's is considering using ILS protection to provide cover for its Central Fund, Trading Risk understands