On the 4th of February 2025, the President of El Salvador offered the United States of America ‘the opportunity to outsource part of its prison system’, transferring convicted U.S. criminals into the Salvadoran mega-prison (CECOT) ‘in exchange for a fee.’ Amidst an increasingly fragile rule of law, mounting carceral expansion and documented human rights abuses … Read more
During a hearing in the U.S. District Court for the District of Columbia on Feb. 4, partner Eve Hill won a temporary restraining order on behalf of three transgender women in Washington, D.C., preventing the Bureau of Prisons (BOP) from implementing the Trump administration’s executive order to move all transgender women to men’s facilities and … Read more
Last year, catastrophe data aggregator and industry loss estimate provider PERILS revealed an extension to its services, with a new methodology that combines its standard data methodology with that of CRESTA CLIX, which the firm’s CEO Christoph Oehy has said will simplify the process for risk transfer use-cases including catastrophe bonds and ILW’s.Back in November, … Read more
The California Earthquake Authority (CEA) did not come back to the reinsurance market at its typical October 1st renewal, allowing roughly $511 million of cover to expire and it now expects to re-evaluate its risk transfer need at the January renewals, meaning a $215 million catastrophe bond will likely mature without renewal later this month.As … Read more
Lockton Re, the independent reinsurance broker is working with risk modelling and data analytics specialist Verisk to develop new index and parametric triggered risk transfer solutions for climate and weather effects on agriculture.Lockton Re will use Verisk’s agricultural risk modeling solutions, including the firm’s Multiple Peril Crop Insurance (MPCI) and Crop Hail Model for the … Read more
