Beazley hires Swiss Re’s Wunderlich as Head of Parametric Insurance

Specialty insurer Beazley is enhancing its property parametric underwriting capabilities with the appointment of Swiss Re’s Stefan Wunderlich as Head of Parametric Insurance.

In his new role, Wunderlich will be based in Zurich, Switzerland, where he will report to Richard Montminy, Group Head of Property Risks.

The hire comes as Beazley continues to deepen its long-term commitment to the property market.

Since 2022, the organisation has trebled the size of its property underwriting portfolio, building a strong presence in the U.S. excess and surplus (E&S) market, expanding its specialist capabilities across Europe, and developing targeted parametric solutions to complement traditional coverage.

Wunderlich brings two decades of experience at Swiss Re, where he specialised in modelling and underwriting property and natural catastrophe risks.

Over his career, he has held a number of senior roles, including building out parametric solutions for corporate clients and, most recently, leading teams supporting corporate clients to better manage their climate risk exposures

His most recent position was Chief Product Officer, Risk Data & Services at Swiss Re Corporate Solutions.

Wunderlich also serves on the Board of Directors of insurtech emilian Ltd., where he provides strategic guidance and oversight.

“Property risks are ever more complex, requiring specialist solutions, effective modelling and underwriting expertise to deliver outcomes that meet the needs of business across the world. Parametric underwriting is a highly effective response to the risk environment, often adding more immediacy, certainty and scalability than traditional methods of property underwriting,” commented Richard Montminy, Group Head of Property Risks.

“Stefan Wunderlich, is a seasoned expert, with the leadership experience and personal commitment to this specialism and I look forward to working with him as we further build out our parametric offering,” Montminy added.

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