Reinsurance News
New Paradigm Underwriters
Co-founder Evan Glassman leaves New Paradigm
10th September 2022
New Paradigm Underwriters, a specialist managing general underwriter and insurtech platform focused on parametric risk transfer, has announced the departure of co-founder and Board member Evan Glassman. The company confirmed that, going forward, Glassman will no longer serve as an officer and director of New Paradigm and its subsidiaries and is ... Read the full article
New Paradigm recruits Matthew Grunewald from Greenlight Re
14th January 2020
New Paradigm Underwriters, a specialist managing general underwriter and insurtech platform focused on parametric risk transfer, has appointed Matthew Grunewald as Executive Vice President (EVP) for Underwriting and Risk Capital. In this newly created role, he will be responsible for developing and underwriting parametric reinsurance and alternative risk transfer solutions, sourcing ... Read the full article
New Paradigm to host parametric re/insurance conference in 2020
21st June 2019
New Paradigm Group, the Florida-based developer of parametric insurance and risk transfer solutions, is due to host its first annual conference on parametric re/insurance in Miami Florida next year. Set for April 2020, the New Paradigm Global Parametric Insurance and Reinsurance Conference will be a forum for learning “how parametric insurance ... Read the full article
New Paradigm receives investment from TransRe
12th November 2018
New Paradigm Group, a Florida-based developer of parametric insurance and risk transfer solutions, has announced that it has received an investment from global reinsurer TransRe, the reinsurance arm of Alleghany Corporation. New Paradigm is reportedly to use the proceeds to expand its proprietary parametric data platform and also to enhance its ... Read the full article
New Paradigm Underwriters names Evan Bull as Executive Vice President
14th March 2018
New Paradigm Underwriters, creator of Hurricane PM Parametric Supplemental Hurricane Insurance, has announced the appointment of Evan Bull as Executive Vice President. 25-year insurance industry veteran Bull joins from a managing director role at Beecher Carlson where he head up business development, before that he was national property practice leader at Burns ... Read the full article
TigerRisk’s X-gRm platform to list live New Paradigm parametric deals
11th July 2017
It's been revealed that New Paradigm Underwriters has committed to using electronic reinsurance trading platform, X-gRm, to place and purchase reinsurance coverage. New Paradigm Underwriters is the originator of parametric insurance solutions, Hurricane PM™ & Industry Parametric Protection™ (IPP), and is looking to trade up to $100 million of capacity utilising the ... Read the full article
Parametrics could hedge re/insurers Florida AOB exposure
5th July 2017
A claims abuse epidemic, widely known as the assignment of benefits (AOB) issue continues to hinder the Florida market, but parametric risk transfer solutions could be utilised to help fund losses driven by higher claims totals, New Paradigm Underwriters recently told Artemis. Artemis explained that the assignment of benefits (AOB) issue can occur ... Read the full article
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