9 June 2015 Insurance

Guy Carp launches cat risk studio

Guy Carpenter has unveiled a cat risk studio (CRS) aimed at supporting its model suitability analysis (MSA) initiative.

The studio, which establishes Guy Carpenter’s presence at the Marsh & McLennan innovation centre in Dublin, will also work closely with GC Securities to develop parametric products for catastrophe risk transfer.

To support the studio’s web technology platform, Guy Carpenter has made two appointments. Jaime Silvela brings more than 12 years of experience at technology-driven enterprises such as Microsoft and Amazon to his new role as the CRS head of software development. Sergio Pucciano has also joined the team as a CRS research analyst.

Both Silvela and Pucciano will relocate to Dublin in order to continue to build the CRS team within the MMC innovation centre while reporting directly to Guillermo Franco, global head of cat risk research.

David Lightfoot, head of GC Analytics – Americas, said: ”We launched CAT Risk Studio in order to expand the capabilities of Guy Carpenter's model suitability analysis initiative. Coupled with our innovative modelling technology and work by our catastrophe risk modelling teams around the world, Guy Carpenter's MSA initiative truly has the potential to become the global reference for catastrophe risk knowledge in the market.

“Our team has worked tirelessly over the past three years to design the MSA framework and develop a growing academic research network to support our clients’ desire for defensible confidence in the CAT modelling results that are increasingly being used to inform capital management and underwriting decisions."

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