The move aims to enhance the Alliant Underwriting Solutions division's real estate products and underwriting capabilities.
The consortium will initially offer a maximum line of US$40 million, led by Antares with a 75 per cent share.
The new platform will help clients globally monitor their assets and navigate complex and interconnected risks.
Ovation Home Insurance Exchange is the most recent approval, followed by Manatee Insurance Exchange, Condo Owners Reciprocal Exchange and Orange Insurance Exchange.
The new parametric solutions, available across perils and a range of industries, are designed to help protect clients against the occurrence of a specific and trigger-based event.
High underwriting margins and progressively supporting investment income in 2023 fuelled the market's upward correction from 2021, resulting in high profitability for the industry.
This year’s conference speaker lineup ranges across government and association officials, business leaders, entrepreneurs and industry visionaries.
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