Reinsurance News
NormanMax Insurance Holdings
NormanMax appoints Nick Burkinshaw as Chairman of its Lloyd’s Syndicate 3939 Advisory Board
7th May 2026
US domiciled parametric insurer and reinsurer, NormanMax Insurance Holdings, has appointed Nick Burkinshaw as Chairman of the NormanMax Syndicate 3939 Advisory Board, supporting the firm's pure parametric global syndicate at the specialist Lloyd's marketplace. Burkinshaw is a highly respected underwriting leader in the market, and brings over 30 years of global ... Read the full article
NormanMax hires Blue Marble’s Alvaro Espinel Pardo to lead strategy & development in Latin & South America
23rd March 2026
NormanMax Insurance Holdings, a US domiciled parametric insurer and reinsurer, has hired Alvaro Espinel Pardo as a Vice President to lead its strategy and development in both Latin and South America. Espinel Pardo joins the company on March 23rd, 2026, and will report to Nick Griffiths, who joined the parametric re/insurer ... Read the full article
Parametric re/insurer NormanMax appoints Nick Griffiths as Chief Revenue Officer
9th October 2025
US based parametric insurer and reinsurer, NormanMax Insurance Holdings, has appointed experienced reinsurance and retrocession broker, Nick Griffiths, as its new Chief Revenue Officer. As reported by our sister publication, Artemis, Griffiths will work across all of NormanMax's platforms, bringing his more than 27 years of industry experience to the firm ... Read the full article
Swiss Re’s Li joins NormanMax Insurance Solutions to lead Climate & Alternative Risk
11th August 2025
Yong Li has joined NormanMax Insurance Solutions, a Lloyd’s coverholder and parametric re/insurance solutions provider, as President, Climate & Alternative Risk Solutions. With over two decades of experience, Li is a seasoned expert in commodity trading and investment. His background includes asset optimisation, risk management and business development across a wide ... Read the full article
NMIS expands hurricane parametric insurance to Puerto Rico for commercial risks
14th March 2025
Lloyd’s coverholder and a parametric re/insurance solutions provider, NormanMax Insurance Solutions (NMIS), has expanded its NMIS Parametric Insurance Platform and Broker Portal to include commercial risks in Puerto Rico. This expansion enables businesses on the island to access reliable and efficient hurricane protection, addressing the unique challenges posed by severe storms ... Read the full article
Broomer named President, Embedded Parametric Solutions at NormanMax
28th February 2025
Re/insurance veteran Samuel Broomer has become President, Embedded Parametric Solutions at NormanMax Insurance Holdings, an US-based parametric re/insurance group. Broomer brings to his new role over three decades of experience in the re/insurance industry, having most recently served as EVP, Chief Strategy & Innovation Officer at Berkley Re Solutions. The executive joined ... Read the full article
NormanMax to acquire FloodFlash
26th February 2025
FloodFlash, the parametric flood insurance provider with sensor technology, has agreed on terms to be acquired by NormanMax Insurance Holdings, a specialist parametric underwriter, subject to FCA approval. Following the transaction, FloodFlash will continue to operate as an MGA and Lloyd’s coverholder. The FloodFlash product will continue to be available to distributors ... Read the full article
NormanMax hires Turgel as CUO, Gabin joins as General Counsel
19th August 2024
NormanMax Insurance Holdings, the specialist parametric underwriter and operator of the only dedicated parametric syndicate at Lloyd's, has bolstered its leadership team with two key appointments, with Daniel Turgel joining the firm as Chief Underwriting Officer, and Matthew Gabin joining as General Counsel. A highly experienced veteran across the sector, Turgel ... Read the full article
NormanMax launches parametric Syndicate 3939 in partnership with Apollo
22nd May 2024
NormanMax Insurance Holdings, the US-based parametric re/insurance group, has launched Syndicate 3939, managed by insurance group Apollo. NormanMax Syndicate 3939 has reportedly commenced underwriting and will offer global parametric re/insurance solutions, specifically designed for hurricanes, tropical cyclones, typhoons, and earthquakes to address the natural disaster protection gap. NormanMax explained that this is ... Read the full article
NormanMax gets ‘in principle’ Lloyd’s approval to launch parametric syndicate
21st December 2023
US-based parametric re/insurance group NormanMax Insurance Holdings has received ‘approval in principle’ from Lloyd’s to launch parametric Syndicate 3939 in 2024, to be managed by Apollo Syndicate Management. NormanMax noted that Syndicate 3939 aims to commence underwriting in April 2024, "focussing on natural catastrophe parametric re/insurance products that offer a unique ... Read the full article
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