{"id":368,"date":"2025-02-07T07:00:06","date_gmt":"2025-02-07T08:00:06","guid":{"rendered":"http:\/\/alteredconcept.com\/?p=368"},"modified":"2025-02-25T16:39:22","modified_gmt":"2025-02-25T16:39:22","slug":"parameter-climate-launches-bermuda-transformer-to-syndicate-risk-beyond-traditional-capital","status":"publish","type":"post","link":"http:\/\/alteredconcept.com\/index.php\/2025\/02\/07\/parameter-climate-launches-bermuda-transformer-to-syndicate-risk-beyond-traditional-capital\/","title":{"rendered":"Parameter Climate launches Bermuda transformer to syndicate risk beyond traditional capital"},"content":{"rendered":"

This content is copyright to www.artemis.bm<\/a> and should not appear anywhere else, or an infringement has occurred.<\/p>\n

Parameter Climate, the parametric climate and weather risk transfer focused underwriter and advisor, has announced the formation and launch of a Bermuda-based transformer vehicle named Parameter Capital Bermuda Ltd, as the company looks to broaden access to its deals and syndicate parametric risk to non-traditional capital.
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\n\"parameter-climate-logo\"The transformer structures is designed to support Parameter Climate\u2019s strategy of making it simpler for a wider range of parties to transact parametric products indexed to climate and weather risk.<\/p>\n

With alternative and ILS capital providers increasingly attracted to parametric risk investment opportunities, this transformer structure will make it easier for those markets to engage and participate in risks originated by the company.<\/p>\n

Parameter Climate has been offering advisory and brokerage services to protection buyers since 2024 and in that time has successfully advised on the placement of over $100 million of parametric weather transactions.<\/p>\n

The company also licenses its climate risk transfer analytics platform, ClimateDelta, to which it has signed up a number of global subscribers in its initial year.<\/p>\n

\u201cOur hypothesis from the outset was that growth in the parametric climate and weather market was being hindered by a lack of analytics, intermediation, advisory and broad access to capital,\u201d explained Martin Malinow, Founder and CEO of Parameter Climate.<\/p>\n

Most parametric climate and weather transactions are syndicated among a relatively small group of global insurers and reinsurers today, but Parameter Climate believes that \u201csignificant market growth hinges on the ability to syndicate risks beyond traditional capacity providers,\u201d the company said today.<\/p>\n

The transformer, Parameter Capital, will be domiciled in Bermuda and serviced by insurance management and ILS facilitator the Nascent Group.<\/p>\n

The company believes it to be \u201cthe first parametric transformer dedicated to connecting industrial protection buyers with alternative capacity providers.\u201d<\/p>\n

Malinow said, \u201cWith ClimateDelta on the desks of a growing number of market participants, and our advisory and distribution businesses gaining momentum, Parameter Capital is the logical next step as it will facilitate syndication and help protection buyers access a broader ecosystem of capacity providers.<\/p>\n

\u201cMost of our vertical-based protection buyers have little experience buying collateralized climate and weather protection, which has limited their choice of counterparties. Parameter Capital aims to become a commonly accepted counterparty for these buyers through which they can access various forms of capacity, thus ensuring they get the most effective execution as they manage these complex risks.\u201d<\/p>\n

Malinow added, \u201cWe set out to build a best-in-class, tech-driven advisory and distribution firm, and we believe that the \u2018last mile\u2019 execution services provided by Parameter Capital supported by the cutting-edge analytics on ClimateDelta will further differentiate Parameter Climate from others in the space.\u201d<\/p>\n

Parameter Climate launches Bermuda transformer to syndicate risk beyond traditional capital<\/a> was published by: www.Artemis.bm<\/a>
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