Sciemus hires Lloyd’s exec for director role
Sciemus, a provider of modelling and analytics to the global insurance markets as well as the space, power, solar, cyber, mining and wind industries, has appointed Nick Beecroft as part of a drive to create innovative solutions to address emerging risk.
Beecroft is appointed director, product innovation and strategy and joins from Lloyd’s of London, where he was emerging risks and research manager.
At Lloyd’s, Beecroft led various initiatives in the quantification of cyber risk aggregation and broader systemic market risk. Prior to that, he was with Catlin and served as an intelligence officer in the Royal Air Force.
Sciemus specialises in providing market-leading modelling capabilities to the global insurance markets. Rick Welsh, Sciemus chief executive officer said the appointment of Beecroft is part of a strategy to combine advanced modelling with a deeper understanding of emerging risk, which will allow insurers and reinsurers as well as capital markets to diversify their investment portfolios and also manage new and evolving risk.
“Sciemus has always been an innovator when it comes to using sophisticated methodologies, combined with data, to model and quantify risk, and Nick’s understanding of emerging risks will allow us to move to the next level,” said Welsh. “We are very excited by the prospect of using more advanced techniques to exploit data sets to further refine our modelling, thus enabling Sciemus to confidently expand our portfolio into new and more diversified emerging risk.”
“He added: “Nick’s background gives him the unique ability to be an effective bridge between cognition of emerging risk and the disciplines required to model and underwrite that risk. Part of his role will be to help with the innovation of new products and markets around emerging risk, the construction of the model framework for those new exposures as well as being a great focal point for business development initiatives.”
“Sciemus is developing an exciting range of capabilities, and I am looking forward to helping develop the next generation of solutions for emerging risks.”
