Unpicking North Atlantic Hurricane Risk
Unpicking North Atlantic Hurricane Risk: Exposure changes compound the impact of climate...
Inver Re has launched an integrated global index practice, following the appointment of Tom Johansmeyer.
Tom joined Inver Re as Global Head of Index from Verisk, where he led its Property Claim Service (PCS). During his seven-year tenure he oversaw the creation, expansion and adoption of loss indices - third party data sources which trigger when a claim is paid out.
Tom holds an MA in global diplomacy from the University of London where he completed a dissertation in political violence and is completing a PhD in international conflict analysis focusing on cyber insurance and economic security at the University of Kent. His research has been published in academic journals and provided a foundation for new approaches to risk and capital management in challenging lines of business.
At Inver Re he will be working closely with Kevin Stratton, Inver Re Bermuda CEO, Gareth Davies, Managing Director of Parametrics based in London, and Chris Bonard, CEO of Ardonagh Specialty Holdings Bermuda, to bring together Inver’s capabilities across ILWs, parametrics, analytics and modelling.
Chris Bonard commented: “Global indices, like capital markets and other verticals, rounds out Inver Re’s offerings as a full-service broker – and Tom at the helm means we’ve got the best of the best driving our delivery and growth. He literally invented many of the PCS indices still in use, and his in-depth knowledge of how loss reporting agencies work gives Inver Re a significant advantage for delivering the tightest ILW wordings to clients.”
“Bringing together different practices to drive innovative client solutions is at the heart of Inver Re. The walls between categories of reinsurance, such as capital markets, loss index catastrophe bonds and parametric cover are breaking down. Our global index business will tightly interlock with our adjacent practices to bring each client an integrated program.”
Tom Johansmeyer commented: “I’m excited to be part of Inver Re, and to build out something really special. The industry loss index business has become large, intricate, and vibrant over the past five years, due to the dual developments of increased worldwide loss activity, and the proliferation of loss indices during that period. The next era of development requires the combination of specialty market knowledge and ILW capabilities that Inver Re is uniquely equipped to deliver.
“From demonstrably world class weather modelling to robust and growing analytical capabilities, Inver Re’s knowledge, experience and research is already translating into actionable intelligence. Our integrated practice will further clients’ understanding of how to use risk transfer capital more efficiently while respecting risk appetite, profile and tolerance.”
Notes to editors
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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 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 more than 100 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