This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Kin Insurance has increased the amount of catastrophe reinsurance limit it will have in-force for the hurricane season by 16% for Florida risk alone, growing its reinsurance tower for that state to $1…
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Cayman headquartered reinsurance company Oxbridge Re has reported that the firm’s first series of tokenized reinsurance sidecar securities have now realised a 49% return for the investors backing them, surpassing both initial and…
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 announced today that it is considering “strategic alternatives” for the business, including a potential sale or merger, various capital actions, or even spinning…
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Broking group Lockton has announced the hiring of Paul Jones from Descartes Underwriting as its new Head of Parametric Solutions (UK & Europe) within its Property & Casualty (P&C) Specialties division. Lockton is…
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. The California Earthquake Authority (CEA) has maintained its reinsurance and catastrophe bond tower at $9.1 billion in size through the start of 2024, with its most recent renewals for April 1st seeing the…
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. New Zealand’s EQC Toka Tū Ake, previously known as the New Zealand Earthquake Commission, has added more limit to its reinsurance tower, lifting the top by $1 billion for 2024, in a renewal…
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. As the June 1st Florida reinsurance renewals come to their close, rating agency AM Best has said that it believes the pendulum remains “slanted toward reinsurers,” but also notes that some ground has…
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. With pricing moderated slightly at the mid-year reinsurance renewals, analysts at Fitch Ratings note that this shouldn’t be construed as softening, saying that terms and conditions are holding firm and discipline is expected…
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Universal Insurance Holdings, Inc. has purchased first-event catastrophe reinsurance coverage of up to $2.4 billion, down from the previous year’s just over $2.8 billion, citing no material changes to reinsurance partners and ILS…
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. HCI Group Inc. has secured $2.7 billion in aggregate reinsurance limit for its main P&C insurance underwriting subsidiary Homeowners Choice Property & Casualty Insurance Company, Inc. subsidiary and for its digital insurtech company…