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The Insurer

Guillaume Bonnissent’s Insurance Technology Diary: Cubic progress

When I was 11, I spent the summer trying to solve the Rubik's Cube. I twisted the thing on the sofa, in front of the telly, at the dining-room table, at my desk, sitting on the floor, in the garden, on a chair, lying on my back everywhere. I could get the little squares...
Insurance Professionals Latam

The parametric future is being created now across Latin America

The parametric future is being created now across Latin America. For decades, the global (re)insurance industry focused primarily on North America. Europe and select Asian markets were second-order, and “LatAm” barely got a look-in. That old outlook is changing quickly...
Insurance Business Mag

LIRG™ wins binding authority from Labuan-based Mandarin Re

Algorithmic Insurance Services, trading as LIRG, has signed a delegated underwriting authority agreement with Labuan-based Mandarin Re, granting the Miami-headquartered platform authority to underwrite and bind facultative property risks...
Artemis News

LIRG backs DLT Alert with $15m quota-share for parametric cyber warranties

Algorithmic Insurance Services, Inc., the wholesale broker trading as LIRG, has secured a $15 million quota-share reinsurance arrangement for New York-based managing general agent DLT Alert, underpinning the...
Reinsurance News

Nick Lamparelli appointed Chief Programme Officer at Algorithmic Insurance Services

Algorithmic Insurance Services, Inc., trading as LIRG, a specialist re/insurance platform focused on building, incubating and scaling managing general underwriters (MGUs) and managing general agents (MGAs) has...
Intelligent Insurer

Parametric is ‘like internet in 1993’: early days, big potential, says LIRG’s Groenheide

Parametric insurance in Latin America is still at an early stage of adoption, but the building blocks for far faster growth are increasingly in place. The challenge, according to Mark Groenheide, founder...
The Insurer

Parametric uptake increased in the softening reinsurance market at 1.1

In a recent article published by The Insurer, industry participants highlighted the growing adoption of parametric solutions and hybrid industry loss warranties (ILWs) as balance sheets remain under pressure and...
Yahoo News

American Takaful Insurance Services Appointed to Develop Takaful America, the First Large-Scale Takaful Insurance MGU in the United States

American Takaful Insurance Solutions, the Takaful insurance division of Algorithmic Insurance Services Inc., has been appointed as the exclusive brokerage and advisory firm to support the development and...
The Insurer

Exclusive: LIRG™ secures Ocean Re capacity for parametric political violence and terror covers

Specialty brokerage  LIRG™ has agreed a binder with reinsurer Ocean Re to provide parametric covers for terrorism, strikes, riots and civil commotion, political violence and cyber risks, the companies confirmed...
Reinsurance News

LIRG™ Selects MANiT Labs as Strategic Software Partner to Power Global Reinsurance Platform

Algorithmic Insurance Services, Inc., dba LIRG, today announced its selection of MANiT Labs to serve as the core technology platform for its reinsurance brokerage operations. This partnership reinforces LIRG's mission
Yahoo News

LIRG™ Appoints Steven Griswold as Chief Operating Officer to Drive Operational Growth and Efficiency

Algorithmic Insurance Services, Inc., dba LIRG™, today announced the appointment of Steven Griswold as Chief Operating Officer, reporting to Founder and Chief Executive Officer Mark Groenheide. Griswold's...
The Insurer

Startup broker LIRG™ hires Dinkelacker as CFO

LIRG™ today announced the appointment of Kurt Dinkelacker as Chief Financial Officer. A seasoned finance executive with more than two decades of leadership experience, Dinkelacker will oversee all financial...
The Insurer

Exclusive: Groenheide leaving NormanMax to launch specialty platform LIRG™

NormanMax co-founder Mark Groenheide is leaving the parametric-focused (re)insurer to launch cat-focused (re)insurance and advisory platform LIRG™, targeting underserved and catastrophe-exposed...
Insurance Nerds

Redefining Indemnity Insurance: Mark Groenheide, CRO of NormanMax on Parametric Insurance

Join Nick as he sits down with Mark Groenheide, CRO of NormanMax Insurance Services, a seasoned commercial underwriter and parametric enthusiast. Mark discusses the evolution and significance of parametric...