LIRG was recognized on the Insurance Insider Honors shortlist, highlighting the firm's commitment to innovation, leadership, and excellence in the (re)insurance industry.

Mark Groenheide shares why the parametric insurance market is poised for significant expansion over the next two to three years, driven by AI, algorithmic trading, and innovative technologies reshaping the insurance landscape.

In an interview with Intelligent Insurer, LIRG Founder, CEO & President Mark Groenheide explains why parametric insurance extends far beyond weather-related events, highlighting its growing role in cyber, space, political risk, and other emerging exposures.

A start-up led by former Lloyd’s executive Mark Groenheide is looking to make acquisitions in Venezuela to offer alternative risk transfer solutions for companies that want to get into the market. Groenheide, the CEO and foun...

LIRG is proud to be nominated for Specialty Intermediary of the Year at the 2026 Business Insurance U.S. Insurance Awards. The nomination recognizes LIRG’s innovative approach to specialty insurance, delegated underwriting, reinsurance structuring, and parametric risk solutions across global markets. As the industry continues to evolve, LIRG remains committed to delivering creative and forward-thinking solutions that help clients and partners navigate complex risks worldwide.

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...

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...

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...

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...

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...

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...

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...

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...

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

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...

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...

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...

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...