ERS ILS to get climate risk insights from AbsoluteClimo & AKR Zell

Share

ERS ILS Ltd., the dedicated insurance-linked securities (ILS) management division of specialty insurance and reinsurance player ERS, is set to benefit from climate-finance prediction modeling and risk transfer analytics services provided by AbsoluteClimo and AKR Zell.

climate-change-tipping-point-ilsERS Administration Services Ltd., which is a unit of ERS domiciled in Bermuda, has signed-up to leverage climate and actuarial risk expertise and consultancy from the two companies, which will benefit its re/insurer aligned investment strategy managed by ERS ILS Ltd.

ERS ILS launched earlier this year, with former Securis executive Neil Strong taking the lead role as CEO ILS, Fergus Reynolds, also formerly of Securis, joining as CUO ILS, and Twelve Capital founding partner Sandro Kriesch providing additional support to the initiative.

AbsoluteClimo and AKR Zell announced a strategic partnership earlier this year as well, with the goal of delivering climate-driven risk services to the insurance, reinsurance and insurance-linked securities (ILS) sectors.

With a focus on managing climate-risk and providing ESG aligned investment opportunities, ERS ILS will now benefit from new views of risk, designed to fill climate-related gaps left by some of the established industry modelling tools.

ERS ILS Ltd. will benefit from insights provided by AbsoluteClimo’s global climate physics and financial forecast models, combined with AKR Zell’s actuarial expertise and risk transfer experience.

“With investors increasingly restless about the price of climate, AbsoluteClimo is pleased to support ERS’s new strategy with Clim๏Cats and our world-first business model pegged to forecast accuracy,” explained Brendan Lane Larson, AbsoluteClimo Co-Founder CEO and Climatologist.

“It is refreshing to see ERS ILS Ltd. determined to take a different approach. There is a disconnect between stochastic modeling and forward predicting. We are delighted our bespoke services have been selected by ERS ILS Ltd. to provide the missing piece and close the gap,” added Andreas Karl Robert Zell, Managing Director at AKR Zell Pte. Ltd.

———————————————————————
Artemis Live - ILS and reinsurance video interviews and podcastView all of our Artemis Live video interviews and subscribe to our podcast.

All of our Artemis Live insurance-linked securities (ILS), catastrophe bonds and reinsurance video content and video interviews can be accessed online.

Our Artemis Live podcast can be subscribed to using the typical podcast services providers, including Apple, Google, Spotify and more.

Print Friendly, PDF & Email

Artemis Newsletters and Email Alerts

Receive a regular weekly email newsletter update containing all the top news stories, deals and event information

  • This field is for validation purposes and should be left unchanged.

Receive alert notifications by email for every article from Artemis as it gets published.

Read previous post:
Africa Specialty Risks launches parametric unit with Ismail & Bishop hires

Africa Specialty Risks, a pan-African focused reinsurance group, has announced the launch of a new parametric underwriting division with two...

Close