Inver Re appoints Alun Thomas as Global Head of Property Reinsurance
Inver Re – the reinsurance arm of the Ardonagh Group - has...
Inver Re today announces the appointment of Kurt Cripps as Global Head of Parametric. Kurt will be responsible for leading parametric solutions in the newly created role at Inver Re, working across the broader $13 billion premium Ardonagh Group.
Kurt brings nearly 20 years industry experience to the role, with over a decade focused on alternative risk transfer. He was previously Managing Director and Global Head of Weather at Aon Reinsurance Solutions, having joined Aon Benfield in 2009. His insurance career began as a broker at HSBC Reinsurance Brokers.
At Inver Re he will be responsible for building the market’s first dedicated global parametric team.
Kurt Cripps said: “Hard market conditions make this the right time for parametric products to be adopted by a wider range of customers. With the growth in big data and analytic capability alongside an influx of new investment, the conditions are set for parametric solutions to play a leading role in the future of risk transfer.
“Parametric solutions will fill the gaps created by market constraint with a clean product with agreed, transparent and speedy claims – and Ardonagh will be leading the way in the field of index-based solutions and bring additional capacity to our clients. With the world focusing its attention on TCFD & ESG, parametric will be an essential tool in assisting customers with transition risk.
“Personally, I’m also looking forward to working in an independent and nimble business with an uncompromising commitment to clients and inclusive colleague collaboration.”
“Kurt has pioneered parametric solutions in our market. Now could not be a better time for him to be joining us. We’re proud to welcome him and look forward to working together to develop a truly global team of experts."
Inver Re CEO, Steve Hearn
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About Inver Re
Founded in 2021 as part of The Ardonagh Group, Inver Reinsurance Brokers Limited aims to bring a fresh perspective to reinsurance and establish a credible alternative in a market where choice and flexibility are increasingly limited. Our energy and purpose are born out of a unique combination of the scale and resources of the UK’s largest independent insurance broking group and the flair and expertise of our team.
The Ardonagh Group
The Ardonagh Group is the UK’s largest independent insurance distribution platform and a top 20 broker globally. We are collection of best-in-class entrepreneurial and specialist brands with a network of over 150 locations and a combined workforce of more than 10,000 people. Across our portfolio, we offer a highly diversified range of insurance-related products and services across the full insurance value chain in the UK, Ireland and broader international markets. From complex multinational corporations to individuals purchasing personal insurance policies, our understanding of the communities we serve, together with our scale and breadth, allows us to work with our insurer partners to deliver a broad range of product and risk solutions that meet customer needs. For more information, visit our website: www.ardonagh.com