Parametric
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Property MGA Arden Insurance Services specialises in multi-family habitations. -
BI claims are notoriously difficult to manage and some insurers believe binary coverage can help.
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The executive’s career includes a stint as head of cat for CorSo.
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The business offers parametric windstorm coverage.
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The broker will be using Verisk US agricultural risk models.
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It is targeting $25mn GWP this year and $50mn GWP in 2025.
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Generali has produced a report with the United Nations Development Programme extolling the virtues of parametric insurance.
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Former Stable underwriters William Ormerod and Patrick Tear have also joined.
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Gareth Davies joins from Price Forbes Re, where he was managing director of parametric solutions.
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Both businesses are led by former Universal Insurance Holdings CEO Bradley Meier.
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Paul Jones joins from Descartes Underwriting, where he served as commercial director.
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The syndicate has appointed former Munich Re active underwriter Stuart Newcombe.
