Catastrophe bond issuance accelerates to record-setting pace in 2023

May 25, 2023

The pace of catastrophe bond issuance has continued to accelerate through recent weeks and according to Artemis’ data the cat bond market is now on a record-setting pace in 2023, with around $8.43 billion of cat bond and related ILS […]

Leasing company pursues $80 million claim for aircraft lost in Russia

May 18, 2023

An aircraft leasing company is pursuing an $80 million claim for commercial airplanes lost in Russia following the invasion of Ukraine, despite the claimant never having seen the relevant policy documents. Shearwater Aircraft Leasing made the claim, which relates to […]

Insurers and businesses feel growing impact of ESG, says GILC

May 12, 2023

Gillian Davidson, Global Insurance Law Connect’s (GILC) Chair, highlighted the increasing importance of Environmental, Social, and Governance (ESG) considerations for insurers and the wider business community. In the fifth edition of GILC’s annual ‘Risk Radar Report’, Davidson noted that ESG […]

Financial, Risk Management

Florida Citizens secures $750m of reinsurance with new Everglades Re cat bond

May 19, 2023

Via: Artemis BM

Florida’s Citizens Property Insurance Corporation has now secured $750 million of named storm reinsurance protection for the 2023 hurricane season with this dual-series issuance of Everglades Re II Ltd. (Series 2023-1 & 2023-2) notes, with the prices fixed within the […]

Regulatory / Legal

Fla. Appeals Court Upholds Lawyer’s $104,000 Fine for Sabotaging Med Mal Trial

May 17, 2023

Via: Insurance Journal

An attorney with one of Florida’s largest insurance defense firms must pay more than $100,000 in sanctions after deliberately trying to sabotage a medical malpractice suit in order to win a mistrial, a Florida appeals court has decided. The 6th […]


Insurtech WeFox Raises $110 Million in Extension to 2022 Funding Round

May 17, 2023

Via: Insurance Journal

Wefox Holding AG, an insurance-technology firm based in Berlin, raised $110 million to build a platform that will make its technology available to other insurers. JPMorgan Chase & Co. and Barclays Plc provided half the funds as a revolving credit […]