Reinsurance News
Arbol
Arbol and Pollen Systems partner on ‘first-of-its-kind’ parametric product
9th February 2026
Arbol and Pollen Systems have partnered to bring to market a "first-of-its-kind" product that combines parametric insurance with multiple real-time data sources, addressing long-standing challenges in agricultural and climate risk coverage. The initiative is strengthened by location intelligence leader Esri and Omniris, which provides the underlying geospatial data platform and AI-driven ... Read the full article
Arbol launches new wildfire parametric product for Western states
25th September 2025
Continuing its expansion into further perils and geographies, Arbol has launched a new parametric wildfire insurance product for commercial and residential properties in high-risk wildfire regions in the U.S., with coverage limits up to $10 million. The firm's new wildfire parametric initiative, which will target California, Colorado, Arizona, and other Western ... Read the full article
Strategic hires to power Arbol’s growth in AI, insurance and other sectors
28th March 2025
Global climate risk solutions platform Arbol has expanded its leadership team with strategic hires to drive growth across artificial intelligence (AI), insurance, agriculture, and energy storage. Arnav Tripathy, who has joined Arbol as its new Head of AI, will lead the company’s automation and machine learning initiatives across its insurance offerings. Tripathy ... Read the full article
Richard Coyle becomes MD of parametric specialist Arbol Re/Insurance UK
16th January 2025
Richard Coyle has joined global climate risk solutions platform Arbol as Managing Director of Arbol Re/Insurance UK. Arbol specializes in parametric financial products, offering businesses a streamlined approach to managing climate risks. The company launched its London-based Managing General Agent (MGA) back in November 2023 to service the international insurance market ... Read the full article
Arbol parametric insurance pays out $20m in under 30 days after Milton’s landfall
5th December 2024
Arbol, a global climate risk solutions platform, has delivered $20 million payouts for parametric reinsurance programs triggered by Hurricane Milton in Florida within a month after landfall. The parametric reinsurance programs, designed to protect insurers against named storm risks in Florida, were triggered when Hurricane Milton made landfall near Siesta Key ... Read the full article
Arbol closes $60m Series B funding round to scale parametric insurance
30th April 2024
Climate risk solutions provider Arbol has closed a $60 million Series B funding round, co-led by Giant Ventures and Opera Tech Ventures with participation from Mubadala Capital. Following a year marked by "unprecedented" climate events, Arbol noted that this new funding represents a long overdue moment for climate risk insurance. Through leveraging ... Read the full article
Arbol hires Deanne Nixon as Senior Advisor for Reinsurance
24th April 2024
Global climate risk coverage platform, Arbol, has announced the appointment of Deanne Nixon, a reinsurance consultant and former President and Chief Executive Officer (CEO), as Senior Advisor for Reinsurance. Nixon brings more than three decades of re/insurance industry leadership to Arbol, and will play a vital role in strengthening the firm's ... Read the full article
Applied Underwriters to sell Centauri to Arbol subsidiary Lilypad Insurance
18th April 2024
Applied Underwriters has revealed its plan to sell Centauri Insurance to the newly formed Arbol subsidiary, Lilypad Insurance. The transaction is subject to regulatory approval and is anticipated to close within the next 45 days. As per Applied, Lilypad Insurance, consolidated with the Florida and Louisiana domiciled Centauri companies, will address the ... Read the full article
Arbol executes unique parametric risk transfer in water risk management
26th January 2024
Arbol, the global climate risk coverage platform, has executed an innovative parametric risk transfer on the NASDAQ Veles California Water Index NQH2O. A first-of-its-kind trade, which has a call spread option that expires on June 20, 2024, represents a major step in managing climate-related financial risks, particularly within the water sector. The ... Read the full article
Pro MGA to support Arbol in UK launch and international MGA expansion
20th November 2023
Arbol has selected independent managing general agent, Pro MGA, to support the company in its UK launch and international MGA expansion strategy. Arbol is a technology-led underwriter of parametric risk transfer, climate and weather reinsurance. It is expanding into the UK with the launch of a new London-based MGA, announced last week, ... Read the full article
Arbol expands into UK with launch of new London-based MGA
16th November 2023
Arbol has expanded into the United Kingdom with the launch of a new London-based Managing General Agent (MGA), "poised to service the international insurance market outside the U.S." According to Arbol, the new London-based MGA will leverage its UK partnerships with capacity providers and brokers to fortify its global network. Through this ... Read the full article
Arbol reports “strong performance” in H123
21st July 2023
Arbol, a leading global climate risk-coverage platform has announced its "strong performance" for the first half of 2023, reporting a significant increases in gross written premium (GWP), surpassing its performance in the first half of 2022. The company confirmed that it has now transacted more than $1 billion in notional risk to ... Read the full article
Arbol launches blockchain-powered parametric reinsurance platform
20th June 2023
Arbol, a global climate risk coverage platform, in collaboration with The Institutes RiskStream Collaborative, a blockchain and emerging technologies consortium, have unveiled dRe, a blockchain-powered parametric reinsurance platform. According to the announcement, the platform is the first on-chain data calculation tool for reinsurance, its creation marks a significant milestone for parametric ... Read the full article
Beazley & Arbol launch parametric weather products for the US market
25th May 2023
Arbol, a global climate risk solutions platform, and leading insurer, Beazley, have announced the launch of specialist parametric weather products to the US market. With the launch this now means that cutting-edge products are available for a range of perils, including low and excess precipitation, low and excess wind speed, high ... Read the full article
Arbol and The Institutes RiskStream Collaborative announce partnership
2nd May 2023
Global climate risk coverage platform Arbol, and The Institutes RiskStream Collaborative, the insurance industry's largest blockchain consortium, have announced a strategic partnership to transform parametric insurance. According to the announcement, the collaboration aims to leverage blockchain technology to streamline data flow, increase transparency, and enable rapid payouts in parametric insurance and ... Read the full article
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