This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Insurance technology veteran Sandra DeSilva has announced the launch of Mythen, an artificial intelligence (AI)-powered parametric insurance platform and reinsurer, based in Bermuda and Texas, that specialises in writing natural catastrophe risks. Mythen,…
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Urs Ramseier, Chief Executive Officer of insurance-linked securities (ILS) manager Twelve Securis, expects significant growth in the parametric ILS market as technological advances enhance data quality, modelling, and trigger precision, creating new opportunities…
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Porch Group, the owner of insurer Homeowners of America Insurance Company (HOA) which was impacted by the Vesttoo reinsurance letter of credit (LOC) collateral fraud, has agreed a $7.1 million settlement over constructive…
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Florida’s Citizens Property Insurance Corporation, the state’s insurer of last resort, is aiming to purchase $2.94 billion of new traditional reinsurance and catastrophe bonds for the 2025 hurricane season, which would take its…
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Third-party capital in the reinsurance market reached record highs in 2024, as broker Guy Carpenter, alongside rating agency AM Best estimated that it reached a substantial $107 billion at year-end, however, a key…
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Paul Gregory, Chief Underwriting Officer (CUO) of insurance and reinsurance firm Lancashire Holdings Limited, has revealed that the company wrote a smaller retro book at the January 1st 2025 reinsurance renewals, which according…
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Oxbridge Re Ltd., the Cayman Islands based reinsurance company, has now confirmed its two tranche offering of tokenized reinsurance securities that will fund its collateralized reinsurance sidecar vehicle Oxbridge Re NS for 2025,…
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Artemis has learned that direct-to-consumer insurtech company, Kin Insurance, has now successfully priced its latest catastrophe bond transaction, securing the 50% upsized target of $300 million of Florida named storm reinsurance protection from…
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Direct-to-consumer insurtech company Kin Insurance is looking to upsize its new Hestia Re Ltd. (Series 2025-1) catastrophe bond transaction, with now as much as $300 million of Florida named storm reinsurance being targeted…
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Descartes Underwriting, the parametric risk transfer specialist, has announced the appointment of Blanca Berruguete as Head of Europe, the Middle East and Africa (EMEA) Distribution and Client Management, where she will be based…