RMS hires Munich Re’s Arnoldussen to target growth in Europe
Risk modelling and data analytics firm RMS has appointed former Munich Re executive Ludger Arnoldussen to strengthen its position in the European market, Germany in particular.
Arnoldussen will work as a senior managing director within the RMS client service organisation, led globally by RMS president, Mike Pritula.
In March, Arnoldussen announced his resignation from Munich Re after serving the company for more than ten years to "seek new challenges". Most recently, he served as a member of the Board of Management at Munich Re, and the head of its German and Asia-Pacific divisions.
Prior to joining Munich Re, Arnoldussen was the CEO of Swiss Re Germany.
Steve Hurcom, RMS senior vice president and head of international client development, said: "Ludger’s knowledge of the German insurance market is unrivalled, and his insights into the needs of the country’s primary insurers, coupled with the rich scope of RMS models, data and RMS(one) solutions, will be of huge value to RMS clients. RMS has a reputation for excellent client support – with Ludger on board we will increase and maximize that support across our growing European client base."
Over the coming year, RMS will increase its service offering in Germany and across Europe, with the planned launch in 2018 of the RMS Europe Severe Convective Storm HD Models, which provide the ability to analyze the impact of hail – a peril of particular concern to auto insurers. Hail can cause significant damage — in 2013, a storm hit southern Germany and generated US$3.9 billion in insured losses in just a few minutes.
The severe convective storm model will join the recently launched RMS Europe Inland Flood HD Models. Arnoldussen will help drive the successful adoption of these models, as well as the RMS (one) platform, allowing carriers in Germany to gain deeper insights into their risk from location to portfolio level, and to digitize their risk management and underwriting processes.
Arnoldussen commented: "I have worked with RMS over the course of my career, and I have been consistently impressed by their professionalism, clear focus, and deep knowledge of modeling extreme events. I am excited to be part of the initiative to make this important resource available to more European insurers. From my background in the German-speaking markets, the new model developments are key in reflecting recent changes in weather patterns in underwriting and portfolio management."
In addition to his role with RMS, Arnoldussen will continue working as a partner at GCN Consulting.
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