PERILS appoints Swiss Re exec as head of Asia Pacific

Zurich-based catastrophe insurance data provider PERILS has appointed Darryl Pidcock as the head of Asia Pacific, based in Sydney.

In his new role, Pidcock will focus on developing the company's offering in the Asia Pacific region. In addition to the territory of Australia currently covered by PERILS, this will include the expansion of the PERILS industry exposure and loss database into other Asia Pacific markets.

The company said that Pidcock will also be involved in the NatCatDAX Project, a Singapore-based industry initiative set up to help increase data availability for natural catastrophe insurance in Asia.

Pidcock began his reinsurance career in 1999 with Swiss Re Australia as a credit specialist and property/casualty client manager. In 2005, he moved to Hong Kong to head up the Hong Kong and Taiwan property/casualty, life and health business units, and was general manager of the Hong Kong Swiss Re branch. This also included time as an adviser to the Hong Kong Government Secretary of Finance.

He was later appointed as head of Swiss Re’s Korea branch in 2010, before being promoted to head of client management for China in 2013, where he led the client management teams for property/casualty and life and health in Beijing.

In 2015, Pidcock moved to Singapore to head up the client management team for Swiss Re life and health in Southeast Asia.

“I am delighted that Darryl has joined our team as head of PERILS Asia-Pacific," Luzi Hitz, CEO of PERILS, commented. "With his exceptionally broad experience and excellent reputation in the region, I am convinced that he is the ideal person to lead our activities in Asia Pacific.

"Over the years, PERILS’ Cat exposure and loss data have significantly increased the transparency and understanding of Cat risk in the covered territories, and have facilitated more than $14bn of risk capital via Cat bonds and traditional reinsurance solutions. With Darryl joining PERILS, we are confident that we can achieve a similar feat in the Asia-Pacific region."

Pidcock added: "I am very proud and excited to be taking the helm of the PERILS industry initiative in Asia- Pacific. I am convinced that PERILS will become an indispensable industry benchmark in the region, and will greatly enhance the risk transparency and understanding of catastrophe exposures. This will benefit both the demand and supply sides of our industry, creating new economic value which forms the basis of PERILS’ success."

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