Skip to content
  • MyNewMarkets.com
  • Claims Journal
  • Insurance Journal TV
  • Academy of Insurance
  • Carrier Management
Insurance Journal - Property Casualty Industry News

Featured Stories

  • Cat Bond Investors Told to Brace for Jamaica Payout
  • Berkley Explains Property Market, Company Appetite
  • Articles
  • Jobs
  • Markets

Current Magazine

current magazine
  • Read Online
  • Subscribe
  • Login
  • Front Page
    • National
    • International
    • Most Popular
    • Magazine
    • Forums
    • Blogs
    • Videos/Podcasts
    • Newsletters
  • News
    • Most Popular
    • National
    • International
    • East
    • Midwest
    • South Central
    • Southeast
    • West
  • Magazines
  • Research
  • Directories
  • Jobs
  • Features
    • Events
    • Forums
    • Market Directories
    • Quotes
    • Polls
    • Rankings & Awards
    • Insurance Giving Back
  • Subscribe

SiriusPoint Forms Partnership with ESG-Focused Startup Parameter Climate

October 29, 2021
Email This Subscribe to Newsletter
  • Article

SiriusPoint Ltd., the Bermuda-based specialty insurer and reinsurer, has announced a strategic partnership with Parameter Climate, a climate underwriting and distribution advisory firm.

As part of the transaction, SiriusPoint has purchased a significant ownership stake in Parameter Climate in addition to providing multiyear capacity and paper. Additional capacity has been secured from another leading global reinsurer. (Financial details of the share acquisition were not disclosed, nor was the name of the other capacity provider).

Parameter Climate, headquartered in New York City, was founded by Martin Malinow, a pioneer in the parametric climate market. The company brings a veteran team to focus on establishing an end-to-end business model which will provide advisory, structured financial products, distribution and underwriting services to the burgeoning market for climate risk transfer.

This is increasingly important as corporations and public entities undertake the effort to calculate, disclose and eventually manage their environmental, social, and governance (ESG) risks, of which climate is a major driver.

“We see a secular opportunity in helping to build a new market in climate risk transfer that will be integral to the continued growth and sustainability of the global economy,” commented Malinow, chief executive officer of Parameter Climate. “We are excited to partner with SiriusPoint on this opportunity – they bring the balance sheet capacity and financial resources for Parameter Climate to provide underwriting and distribution leadership to the growing climate market.”

“With this partnership, SiriusPoint is investing in human expertise and data driven technology solutions to enable the transfer of climate risk to the insurance and capital markets,” said Sid Sankaran, chief executive officer of SiriusPoint.

“From global corporations looking to manage their climate exposures, to insurers and institutional investors wanting to create solutions to support these ESG challenges, Parameter Climate will play a key role in helping this diverse set of participants analyze, underwrite, package and distribute climate risk efficiently,” said Malinow.

Malinow has had a career in financial services spanning three decades, first in the capital markets as a fixed-income derivatives trader and portfolio manager before joining the nascent parametric climate market in the late 1990s. He has co-founded two companies in the space prior to Parameter Climate – XL Weather & Energy and Galileo – before assuming the role of president of Sompo Global Weather.

Source: SiriusPoint

Topics InsurTech

Was this article valuable?

Thank you! Please tell us what we can do to improve this article.

Thank you! % of people found this article valuable. Please tell us what you liked about it.

Here are more articles you may enjoy.

‘Massive Legal Siege’ Against Social Media Companies Looms
AWS Outage a ‘Moderate Incident,’ Another Near Miss for Insurance Industry
Catastrophe Bonds’ Huge Market Gains Put Reinsurers on Backfoot
Suspects in Louvre Heist in Custody After Week-Long Manhunt

Interested in Insurtech?

Get automatic alerts for this topic.

Email This Subscribe to Newsletter
  • Categories: International & Reinsurance NewsTopics: Business Moves & Mergers, environmental social and governance (ESG) criteria, Sid Sankaran
  • Have a hot lead? Email us at newsdesk@insurancejournal.com
More News
Chemical Board Investigators Digging Into Fatal Tennessee Explosives Plant Blast
Kumamoto, Japan - Nov 29 2019 : Facebook, Amazon, Apple, Netflix & Google (FAANG), high performance IT technology companies, is both an acronym & a buzzword to investors and people.Federal Judge Decertifies Apple App Store Class Action
Brown & Brown Reports Strong Q3 Revenue Growth of 35.4%
The Hartford Q3 Net Income Up 41%
More News Features

Read This Next

  • SiriusPoint Forms Partnership with ESG-Focused Startup Parameter Climate
  • Accounting Essentials for Insurance Agency Owners: Turning Numbers into a Strategic Advantage
  • North Carolina Supreme Court Lets Stand Greg Lindberg's Civil Fraud Liability
  • Growth Momentum Continues for Program Business: TMPAA
  • Viewpoint: Insurance and AI - A Double-Edged Sword

Insurance Jobs

  • Property Liability Claims Supervisor - Wilsonville, OR
  • Regional Sales Manager - Irving, TX
  • Senior Underwriter - Denver, CO ( Hybrid)
  • Insurance Account Executive - Remote/ Brooklyn, NY
  • Business Development Representative - Remote/Pittsburgh, PA/Allentown, PA
MyNewMarkets
  • Bigger Piece of the Pie: Surplus Lines Market Hits New Record as Specialty Lines Continue to Grow in Prominence, Market Share
  • Death and Insurance (Not Taxes): Part One
  • AI for Agents
  • How to Attract the Next Generation to Insurance
  • 5 Evolving Trends Shaping Architects and Engineers Coverage
Claims Journal
  • Exonerated Trader Tom Hayes Sues UBS For $400M Over Libor Accusations
  • PepsiCo Resolves Lawsuit Over Gatorade Bar Health Claims
  • Five New Members Join CAPA Board of Directors
  • J&J Talc Cancer Suits Jump 17% After Failed Settlement Effort
  • Canada Pension Fund Sued by Young People Over Climate Risks
Academy of Insurance education
  • October 21 E&S Property Underwriting
  • October 23 Gotchas That'll Getchya - Latest Policy Language That'll Get You Sued
  • October 30 Challenges in Agency Mergers – Reducing Staff Flight and Avoiding E&O Claims
  • November 6 Risk and Insurance for Digital Nomads

Insurance News

  • News by Region
  • News by Topic
  • Yesterday

Site Search

Features

  • Insurance Markets Directory
  • Forums
  • A.M. Best Company Ratings
  • Industry Events
  • Agencies For Sale
  • Newswire
  • Insurance Jobs
  • Rankings & Awards

Connect with us

  • Email Newsletters
  • Magazine Subscriptions
  • For Your Website
  • RSS Feeds
  • Twitter
  • Facebook
  • LinkedIn
  • Do Not Sell My Info

Insurance Journal

  • Submit News
  • Advertise
  • Subscribe
  • Reprints
  • Link to Us
  • Contact Us

Wells Media Group Network

  • Insurance Journal
  • MyNewMarkets.com
  • Claims Journal
  • Insurance Journal TV
  • Academy of Insurance
  • Carrier Management
© 2025 by Wells Media Group, Inc. Privacy Policy | Terms & Conditions | Site Map