Parametric

NormanMax launches residential parametric hurricane cover

Parametric specialist NormanMax Insurance Solutions has expanded its offering beyond commercial insurance and reinsurance as it launches a parametric hurricane product for US consumers, Parametric Insurer can reveal.

NormanMax retains US E&S carrier ambition amid initial Lloyd’s focus

Plans to launch an E&S homeowners and small to medium-sized US commercial carrier remain part of NormanMax’s long-term vision, but the firm is currently focused on its Lloyd’s parametric platform and broader operations, according to founder Brad Meier.

NormanMax Syndicate 3939 introduces retro capacity for hurricanes and typhoons

US-based (re)insurance group NormanMax Insurance Services has started providing parametric retro capacity for hurricanes and typhoons through its newly launched Syndicate 3939.

Start-up Plover launches parametric brokerage with Descartes hire

New York-based Plover Parametrics, founded in 2022, has announced its launch as a specialty brokerage focused on tackling climate and emerging risks with parametric insurance.

NormanMax hires Newcombe as 3939 AU; names Martindale group CFO

NormanMax has hired Munich Re Syndicate’s Stuart Newcombe as active underwriter of its newly minted Lloyd’s Syndicate 3939, with Allied Trust’s Steve Martindale joining as group CFO as the US-based parametric (re)insurance group continues its build-out on both sides of the Atlantic, The Insurer can reveal.

NormanMax gets initial Lloyd’s approval to launch parametric Syndicate 3939

Brad Meier-led E&S start-up NormanMax Holdings has received preliminary approval from the Lloyd’s business opportunities committee to launch parametric-only Syndicate 3939 with Apollo Syndicate Management, as it works with GC Securities to raise capital, E&S Insurer can reveal.

Arbol and Beazley launch E&S parametric climate risk management product

Climate risk solutions platform Arbol has secured Lloyd’s coverholder status with a facility led by Beazley and supported by Tokio Marine Kiln and Nephila and launched specialist parametric weather products on a surplus lines basis for the US market.