Hyperion launches new analytics business under JLT's David Flandro
Hyperion Insurance Group has launched new analytics business, encompassing all actuarial, catastrophe modelling, and thought leadership functions, with the appointment JLT's David Flandro.
Hyperion X Analytics (HX A) is a joint venture between the company's launched data and technology arm Hyperion X and RKH Reinsurance Brokers. The new business will service RKH’s treaty, facultative, and specialty clients in addition to the wholesale and MGA clients of Howden and DUAL.
As managing director, analytics, Flandro will spearhead the development of HX A. He joins Hyperion X from JLT Re, where he was global head of analytics and a member of the executive committee.
Prior to JLT, he co-founded and led Guy Carpenter’s global business intelligence team. He has worked at Benfield as a member of the industry analysis and research team and at Merrill Lynch where he was an equity analyst covering London market and European insurance.
“Creating a top-class analytics capability has been a key goal for us and we are absolutely delighted to have been able to attract someone of David’s calibre to Hyperion X," said Barnaby Rugge-Price, CEO of Hyperion X. "We believe a combination of our increasingly comprehensive data set and David’s unique talents in this area will allow us build the new, exciting and independent offering that the market is crying out for right now.”
Elliot Richardson, chairman of RKH Reinsurance Brokers, added: “I am delighted to welcome David to Hyperion and to be part of forming Hyperion Analytics that will bring a fresh and exciting new approach to the industry. Blending technology, data and analytics is the future of the industry and Hyperion Analytics will be able to demonstrate this for clients and colleagues alike.”
Flandro commented: “I joined Hyperion because of its unparalleled commitment to leading the change currently taking place in the insurance sector. Proprietary data and technology are now the differentiating competitive advantages in our industry. Hyperion X has created a truly unique, client and market-consistent financial data set and have the expertise to deploy it on behalf of clients. This will underpin a new breed of analytics with totally new insights around risk selection, capital, and growth.”
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