Reinsurance News
AkinovA
RKH, Descartes complete first parametric weather trade on AkinovA
19th May 2020
RKH Reinsurance Brokers and Descartes Underwriting has completed the first parametric wind trade on AkinovA, a broker-centric electronic marketplace. This is the first weather transaction to be completed on the platform and opens up a new, yet tested, channel for similar deals. The twelve-month parametric wind instrument was purchased by a European ... Read the full article
AkinovA facilitates parametric cyber purchase for Asian tech firm
5th February 2020
AkinovA, the electronic marketplace for the transfer and trading of re/insurance risk, has announced that it recently facilitated the purchase of a parametric Cloud Outage product for an Asia-based technology company. Completed on January 30, 2020, this transaction will provide protection in the event that a named Cloud Service Provider (CSP) ... Read the full article
Hiscox comments on new cyber parametric transaction
21st January 2020
Specialist re/insurer Hiscox has released a statement commenting on its recent cyber parametric risk transfer deal, which was completed with help from Guy Carpenter and PCS. Announced earlier this month, the trade was transacted electronically on the AkinovA marketplace, with full regulatory oversight from the Bermuda Monetary Authority (BMA). The product ... Read the full article
AkinovA completes cyber parametric trade with Hiscox & GC
9th January 2020
AkinovA, the electronic marketplace for the transfer and trading of re/insurance risk, has completed its first cyber parametric instrument trade. Hiscox developed, structured and provided capital for this transaction, with Guy Carpenter (GC) acting as broker and PCS as the reporting agent. The deal was carried out electronically with regulatory oversight from ... Read the full article
AkinovA collaboration makes ILS assets available to ACORD members
17th September 2019
AkinovA, the electronic marketplace for the transfer and trading of re/insurance risk, has announced that it has donated key insurance-linked security (ILS) assets to ACORD, the global standards-setting body for the re/insurance industry. The collaboration will mean that AkinovA’s assets will be available to ACORD members as part of the ACORD ... Read the full article
AkinovA launches new funding round, expands investor base
15th July 2019
AkinovA, an electronic marketplace for the transfer and trading of insurance risk, has launched a Series B investment round and revealed a previously undisclosed investor in its last round of funding. Previous investors in the firm include Hiscox and the venture capital arm of MS&AD. Now, AkinovA has added Israel-based venture capital ... Read the full article
AkinovA receives first regulatory sandbox licence from Bermuda regulator
14th May 2019
AkinovA, an electronic marketplace for the transfer and trading of insurance risk, has become the first company to be granted an insurance regulatory sandbox licence from the Bermuda Monetary Authority (BMA). The licence will authorise AkinovA (Bermuda) Ltd, the company’s Bermuda trading subsidiary, to carry out business using its electronic trading ... Read the full article
AkinovA adds co-founder of Securis to Advisory Board
16th April 2019
AkinovA, an electronic marketplace for the transfer and trading of insurance risk, has announced the addition of Rob Procter to its Advisory Board. Procter is a co-founder of Securis Investment Partners, an independent insurance-linked securities (ILS) manager, and has served as CEO and Chief Investment Officer at the company. Prior to Securis, ... Read the full article
AkinovA adds MS&AD’s Takeshi Doi to Advisory Board
11th April 2019
AkinovA, an electronic marketplace for the transfer and trading of insurance risk, has announced the addition of Takeshi Doi to its Advisory Board. Doi is currently Chief of Cyber Risk Section at MS&AD InterRisk Research & Consulting as well as Deputy General Manager of the Group’s Innovation Section. His focus will be ... Read the full article
Hiscox Re and MS&AD invest in AkinovA’s electronic marketplace
16th January 2019
Hiscox Re and MS&AD have made investments in digital insurtech firm AkinovA to support the development of its electronic marketplace for the transfer and trading of re/insurance risk. AkinovA claimed that the investments would further accelerate its progress ahead of the marketplace’s launch. The company is currently building its marketplace in collaboration ... Read the full article
AkinovA adds Tokio Marine’s Daljitt Barn to Advisory Board
13th December 2018
AkinovA, an electronic marketplace for the transfer and trading of insurance risk, has announced the addition of Daljitt Barn to its Advisory Board. Barn is the Global Head of Cyber Risk for Tokio Marine Group and an industry leader in cyber insurance and cyber risk, combining insurance value-chain expertise with a ... Read the full article
Paul Jardine joins AkinovA’s Advisory Board
15th November 2018
AkinovA, an electronic marketplace for the transfer and trading of insurance risk, has announced that Paul Jardine, former Executive Vice President and Chief Experience Officer at XL Catlin, has joined it Advisory Board. The company said that Jardine would provide it with a wealth of experience from across the re/insurance industry ... Read the full article
OpenDoor’s Susan Estes joins AkinovA’s Advisory Board
3rd August 2018
AkinovA, the electronic marketplace for the transfer and trading of insurance risk, has announced that Susan Estes, Co-Founder, President and Chief Executive Officer (CEO) of the OpenDoor bond trading platform, has joined its Advisory Board. With over 30 years’ experience on Wall Street, Estes has expertise in the global fixed income ... Read the full article
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