Acrisure Re, the reinsurance broking unit of the Acrisure group, has hired well-respected catastrophe modeling specialist and industry leader Dr. Ming Li as its new Global Head of Catastrophe Modeling.
Dr. Ming Li most recently worked at reinsurance broker Guy Carpenter, having moved to the firm when Marsh acquired his previous employer JLT Re.
Li has over twenty years of experience working with catastrophe models, with most of it specifically in the reinsurance sphere and is respected as a thought-leader on cat model development and use.
Dr. Ming Li began in the role of Managing Director and Global Head of Catastrophe Modeling today, January 18th, at Acrisure Re.
He will be based in New York and will report to Michael Cross, President of Acrisure Re North America.
Dr. Li will lead global catastrophe modeling efforts at Acrisure Re, supporting re/insurance renewals and the production of new re/insurance opportunities for the broker.
Li will work closely with analytics colleagues and business leaders at Acrisure Re, providing tailored capital solutions to clients using data-driven insights, helping them in their catastrophe risk management planning, and enhancing business profitability through evaluation of client needs and their reinsurance options.
Simon Hedley, CEO of Acrisure Re commented on the hire, “Acrisure Re is committed to providing quality solutions that combine industry knowledge and expertise with world class analytics. The addition of Ming’s extensive experience of managing client catastrophe exposure by using data science techniques to reveal key trends and insight will enhance our analytical capabilities even further and I’m thrilled to welcome him to our team.”
Dr. Li’s twenty years of industry experience have seen him focused for much of it on using catastrophe models and risk analytics to inform capital use and reinsurance buying for clients at the brokers he has worked at.
Risk modelling support is critical to helping reinsurance and retrocession buyers understand their options, in terms of what or how much cover they need to purchase, as well as how different risk transfer solutions might respond and importantly how insurance-linked securities (ILS), especially with different triggers and coverage terms, might integrate with a wider program.
He began his career in 2002 at Willis Towers Watson, rising to the role of senior vice president. In 2013, he was appointed global head of catastrophe modeling at JLT Re and then became a managing director at Guy Carpenter after Marsh’s acquisition of JLT Re.
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