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The new recruit has worked for Argo, Allianz and the European Space Agency. -
This is UPC’s latest attempt to downsize after offloading part of its personal lines business to HCI.
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The pooled parametric insurance arrangement was trigged by localised drought.
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Responsible investing in ILS requires “look-through data transparency”, the association says.
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Guy Carpenter, Aon and Gallagher Re are each understood to be preparing to enter the nascent sector.
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The follow-only vehicle initially launched in January with a more limited set of permissions.
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Experts say cyber ILS offerings including cat bonds could be near, but concerns over structures, modelling and correlation persist.
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The firm’s goal is to raise its own capital and partner with others.
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The agency highlighted potential aviation losses from the war ranging from $6bn to $15bn.
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The new firm says ESG criteria will be embedded into the products.
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As part of the deal, ICEYE will provide Fermat with near real-time flood data for large-scale events.
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Windstorm Nadia/Malik was one of several to strike the region this winter.
