A recent report from Global Parametrics has acknowledged that catastrophe bonds can be part of the solution to risk financing for humanitarian organisations. The firm suggests that for organisations requiring substantial capacity, multi-year cat bonds can secure greater limits and provide longer-term protection than the traditional parametric market.The report also outlines how these cat bonds can allow humanitarian groups to distribute risk across a more diversified pool of capital. The parametric climate risk insurance provider, part of CelsiusPro Group, recently published a whitepaper that explores the use of catastrophe bonds in a humanitarian context. “Humanitarian needs are rising faster than…
Author: Awais
President Donald Trump has approved emergency assistance to Washington, D.C., to help the city address a sewage system leak that dumped at least 250 million gallons of raw sewage into the Potomac River. The Federal Emergency Management Agency announced Trump’s approval on Saturday, allowing FEMA to provide equipment and resources to help with the response to the Jan. 19 spill after a pipeline ruptured. D.C. Mayor Muriel Bowser had requested the federal help on Wednesday and declared an emergency. Trump’s approval of the disaster relief request comes after he criticized the handling of the spill, blaming local Democratic leaders and…
Jimmy Curcio Arrowhead Specialty named Jimmy Curcio executive vice president. Curcio has been a leader within Arrowhead since joining Arrowhead Programs in 2018. He most recently served as the chief strategy and analytics officer for Arrowhead Intermediaries and, previously, for Arrowhead Programs. Before joining Arrowhead, he held leadership roles at Munich Re, where he focused on insurance programs, actuarial and business development. Arrowhead is a division of Arrowhead Intermediaries headquartered in San Diego, California. Was this article valuable? Yes No Here are more articles you may enjoy. The most important insurance news,in your inbox every business day. Get the insurance…
When Lisa Bonfield gave birth to daughter Adele in late November, she was thrust into the new world of parenting, and faced an onslaught of challenges and skills to learn: breastfeeding, diapering, sleep routines, colic, crying, and all the little warning signs that something could be wrong with the baby. But unlike parents in most of the U.S., she had extra help that was once much more common: house calls. Adele was only a few weeks old when a registered nurse showed up at Bonfield’s door on Dec. 10 to check on them and offer hands-on help and advice. As…
Automakers are racing toward a key milestone on the long road to fully driverless cars: systems that let drivers take their eyes off the road – to shoot a text or peck away on a laptop – unless the car alerts them to retake control. Car companies for years have been enhancing driver-assistance systems, which automatically control speed and steering. Letting drivers tend to other things while behind the wheel could be a next step that helps automakers monetize their sizable investments in autonomy. “We can start saving them time immediately, and do it in a very affordable way,” said…
“This appointment reflects our commitment to investing in exceptional talent and strengthening our capital modelling and reinsurance pricing capabilities,” he said. “George brings a wealth of experience and a proven track record of delivering results, which will be instrumental in enabling our clients to succeed.”
The United Arab Emirates said it thwarted a series of AI-backed cyberattacks and warned of a “qualitative shift” in the methods used by terrorist groups it didn’t identify. The assaults on the UAE’s digital infrastructure and “vital sectors” included attempts to infiltrate networks, deploy ransomware and conduct systematic phishing campaigns, the state-run WAM news agency reported late Saturday, citing the UAE Cybersecurity Council. Authorities didn’t say how many attacks there’d been or when exactly they happened. The incidents “involved the exploitation of artificial-intelligence technologies to develop sophisticated offensive tools” showing terrorists’ “ability to harness modern technologies to carry out digital…
Companies that hedged their bets by selling potential tariff refund claims to investors celebrated on Friday after the U.S. Supreme Court struck down President Donald Trump’s sweeping emergency tariffs. Now comes the hard part. “It’s a tiny win in what seems to be an ongoing, changing environment,” said Mark Mintman, CFO of Atlanta-based toymaker Kids2, which received a total of $2 million from a Boston hedge fund in exchange for the claim against $15 million in tariffs the company paid to U.S. customs through September of last year. Mintman said the company, which imports 95% of its toys and infant…
Swiss Re Corporate Solutions, the commercial insurance arm of the Swiss Re Group, has agreed to acquire the Global Trade Credit and Surety business of QBE Insurance Group (QBE), subject to regulatory approvals. Upon successful completion, the acquisition will strengthen Swiss Re Corporate Solutions’ primary credit and surety insurance offering and expand its capabilities to address the risk management needs of corporate clients. The transaction supports Swiss Re Corporate Solutions’ strategic ambition to diversify its portfolio and capture new growth opportunities. QBE’s Global Trade Credit and Surety business operates in Australia, New Zealand and the UK. The portfolio is expected…
In the first case, 26-CV-987, Allstate names FocalSupply Inc., KEF Supply Inc., Medrite Equipment Inc., Pelle Supply Inc., Rupes Supply Inc., Scarlet Supply Inc., and Yasmed Inc., along with six individual operators, alleging they submitted fraudulent claims for EMTT devices, cryotherapy units, and ultrasound devices starting in April 2023. Allstate says it was defrauded of more than $975,000, with another $533,000 in unpaid claims still in the pipeline.
PacifiCorp, a utility owned by Berkshire Hathaway, agreed to pay $575 million to resolve U.S. government damages claims related to six wildfires in Oregon and California that burned nearly 290,000 acres of federal land, the U.S. Department of Justice said on Friday. The settlement resolves claims that PacifiCorp’s electrical lines negligently started the fires. Related: Buffett Utility Reaches Oregon Wildfire Deal With Nearly 1,500 Victims Five of the fires – Archie Creek, Echo Mountain Complex, Slater, South Obenchain and 242 – began during Labor Day weekend in 2020 and burned approximately 250,000 acres of federal land. The sixth fire, McKinney,…
Here are the ten most popular news articles, week ending February 22nd 2026, covering catastrophe bonds, ILS, reinsurance capital and related risk transfer topics. To ensure you never miss a thing subscribe to the weekly Artemis email newsletter updates or get our email alerts for every article we publish.Ten most read articles on Artemis.bm, week ending February 22nd 2026: Allstate raises target to $1.2bn for Sanders Re III & Sanders Re IV catastrophe bondsAllstate is now aiming to secure by far the largest amount of reinsurance limit from a single visit to the catastrophe bond market in its long-history as…
The former girlfriend of Kansas City Chiefs wide receiver Rashee Rice alleges in a lawsuit filed this week that he physically assaulted her multiple times over a year-and-a-half, causing injuries that included bleeding and bruising. The lawsuit filed last week in Dallas County by Dacoda Jones comes after she made domestic violence allegations in a series of social media posts last month. She is seeking more than $1 million in the lawsuit, which says the assaults happened at their homes in Dallas and suburban Kansas City. In the lawsuit, Jones accuses Rice of strangling her in December 2023 after an…
President Donald Trump’s proposal for a massive gas-fired power plant in Ohio would likely create one of the nation’s largest sources of carbon dioxide emissions from electricity generation. While details of the potential $33 billion development are scarce so far, it’s intended to be led by SoftBank Group Corp. and is envisaged as having capacity of 9.2 gigawatts, according to a fact sheet from the U.S. Department of Commerce. That would make the project the biggest U.S. power plant, according to BloombergNEF data, capable of supplying millions of homes with electricity yet also delivering a significant climate impact. SoftBank declined…