Descartes & Reask partner to expand parametric cyclone covers
Descartes Underwriting, the insurance technology (insurtech) focused managing general agency (MGA) that specialises in parametric and data-driven risk transfer products, is partnering with Reask, a climate analytics and data company that uses machine learning techniques. The partnership is focusing on tropical cyclone risk transfer, with the pair hoping to “push the frontier of parametric windstorm […]
Twelve Capital predicts positive trends for 2022
Twelve Capital has said it believes the sector will benefit from a number of factors in 2022, including higher interest rates, improved pricing, and an increased ESG focus. In a note to investors, the firm said that it sees attractive opportunities in insurance fixed income due to credit spreads being higher than those of corporates, […]
Twelve Capital positive on re/insurance sector investing for 2022
Investment manager Twelve Capital has explained that it believes the insurance and reinsurance sector has positive attributes as an investment asset class for 2022, with both macroeconomic and idiosyncratic tailwinds expected to drive returns this year. Twelve Capital is a Zurich-headquartered catastrophe bond, insurance-linked securities (ILS) and reinsurance linked investment fund manager, with strategies both […]
Our alumni became General Counsel & Head of Legal – North America at AGCS
We are delighted to announce that William F. Fawcett, who is our alumni from September 2021 cohort and actually the first student who enrolled into the course has become General Counsel & Head of Legal – North America at Allianz Global Corporate & Specialty. Many congratulations, Will! * * * William’s testimonial about the course: […]
Swiss Re grows ILS AuM to $3.2bn, expands PGGM & Sector sidecars: Interview
Swiss Re continued to expand its alternative reinsurance capital assets under management across the range of insurance-linked securities (ILS) structures it manages for 2022, with notable successes in growing sidecar commitments for its PGGM-backed vehicle and its multi-investor Sector Re sidecar. Artemis spoke with Judy Klugman, Global Head of ILS Sales (based in New York), […]
UNDP IRFF: Sustaining development via insurance and risk finance solutions in 8 countries
As risk grows, it is time to rapidly scale-up insurance and risk-transfer solutions for the countries and communities most in need. UNDP lays the groundwork for full implementation. UNDP will start insurance and risk-financing work in eight new countries in the first quarter of this year. This work is backed by funding from the German […]
Reask gets Tencent backing for its AI catastrophe models
Reask, a catastrophe modelling, climate analytics and data company that uses machine learning techniques and artificial intelligence, has gained a significant vote of confidence from Chinese technology giant Tencent, which has led a seed funding round for the company. Reask is already making headway in the insurance-linked securities (ILS) market, having worked closely with Zurich-headquartered […]
GIIF: Africa Risk Capacity (ARC) Group Spotlight Interview
Background: During the just-concluded COP26, Africa Risk Capacity (ARC) Group showcased its lessons learnt in implementing continent-wide climate risk resilience initiatives for millions of Africans through dynamic partnerships. ARC Group also received new funding for scaling its reach and impact to safeguard livelihoods for the most vulnerable at the frontlines of climate change-mediated hazards. The […]