12 March 2021Insurance

Insurance loss warranties are gaining popularity: Stonybrook

Parametric triggered products such as insurance loss warranties (ILW) are gaining in popularity because of the simple and speedy resolution of payments, according to global investment banking and reinsurance broking firm Stonybrook Capital & Risk Management.

Stonybrook established its ILW desk in the summer of 2020 and has completed several ILW transactions since then.

The company is developing new products and services to assist the re/insurance market, according to Joe Scheerer, chief executive of Stonybrook.

Dan Butzbaugh, Stonybrook Risk Management, said: “Our goal was to bring technology that delivers transparency, improved market intelligence, and a less intrusive price-discovery process for underwriters and buyers, and we are thrilled by the support of the ILW marketplace.”

Paul Kneuer of Stonybrook Capital noted that Stonybrook’s experience working with CAT exposed insurers can be leveraged in the ILW arena as well.

Did you get value from this story? Sign up to our free daily newsletters and get stories like this sent straight to your inbox.

Already registered?

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk

More on this story

Insurance

The time is right: take action and do more for D&I, say iCAN co-chairs

14 March 2021 Significant events in the diversity and inclusion space, such as the death of George Floyd in the US, created shock waves that made many companies sit up and realise more needs to be done about race equality, say Ajay Mistry and Kishan Mangat, co-chairs of the Insurance Cultural Awareness Network, in their foreword to Intelligent Insurer's Diversity and Inclusion Report 2021.

Insurance

Diverse thinking: stay relevant with D&I, urges ISC Group founder and chair

12 March 2021 The pandemic has highlighted the need for strategic management of the changed workplace to ensure people continue to in their careers and emphasised the importance of maintaining networks, according to Barbara Schönhofer, founder and chair of the ISC Group, in her foreword to Intelligent Insurer's Diversity and Inclusion Report 2021.

Markel snags HDFC ERGO talent to head Indian underwriting operations

DARAG buys major UK employer liability captive book

Energy sector drawing strong insurer capacity to stabilize market: WTW

Middle East flooding bears 3-digit million cost, mild insurance bill

Lloyd's and insurer Arch deny Nord Stream claim, cite war exclusions

American Coastal returns to cat bonds after 10-year break, places $200m

AXIS Capital nabs talent from Argo Pro to lead its E&O offer in the US

Marsh won't go wholesale despite E&S heat; likes holding clients close

Insurance loss warranties are gaining popularity: Stonybrook

More on this story

Editor's picks

Editor's picks

More articles