Hyperion X Analytics, a data, advisory and technology focused unit of the global Hyperion Insurance Group, has confirmed the hiring of Mark Shumway and announced two more senior leaders as it continues to build out its practice expertise in reinsurance analytics and capital advisory.
Hyperion, a global insurance and reinsurance broking and underwriting group with brands RKH, Howden and DUAL, announced the launch of Hyperion X Analytics last year, hiring well-known senior industry executive David Flandro.
As we later reported, the company added the hire of Mark Shumway, an executive with capital markets and insurance-linked securities (ILS) advisory expertise to Hyperion X as its Head of Strategic Advisory.
Now, Hyperion X has confirmed the addition of Shumway and announced the hiring of two other senior executives, in Iain Davie, its new Head of Catastrophe Modelling, and Michelle To, its new Head of Business Intelligence.
Shumway’s focus, as Head of Advisory, will be on insurance and reinsurance capital management, rating agency advisory, shareholder value, captive strategy, regulatory capital and fundraising, according to the company.
Shumway’s worldwide advisory experience puts him in an ideal position to facilitate transactional and advisory engagements, Hyperion X said.
Iain Davie joins the firm as Head of Catastrophe Modelling and brings more than 20 years of underwriting, exposure modelling, and technology consulting experience to the unit.
Davie has recently been focused on the use of technology, in the assessment of catastrophe risk and more generally, in particular helping to turn raw data into actionable insights. Davie joins from Quantemplate, an insurtech company, where he was Head of Solution Architecture. In the past, he held senior catastrophe modelling positions at QBE and XL Capital.
Michelle To joins as Head of Business Intelligence and brings significant strategic consulting, advisory, and analytical expertise.
To, is an expert in the use of enterprise data to assist clients in delivering strategic growth plans in the insurance and reinsurance market and joins from Aon Consulting, Bermuda, where she provided services related to growth, portfolio optimisation and value creation.
Michelle To was previously a financial analyst at reinsurance broker Guy Carpenter where her role had a focus on new business production, client innovation projects and risk management.
“With Mark, Iain, and Michelle now on board, and with the formation of our Advisory, Catastrophe Modelling, Business Intelligence, and Actuarial pillars, Hyperion X Analytics has established itself as the premier alternative in an increasingly narrow broking analytics market,” explained David Flandro, Managing Director, Hyperion X Analytics.
Elliot Richardson, Chairman of RKH Reinsurance Brokers, commented, “High-level analytics capabilities obviously complement our 70-strong reinsurance broking team, especially the recent additions to our treaty area. In addition, our combined capabilities allow us to bring more powerful insights with support being made available to all Hyperion clients.”
“We are building the next generation of risk transfer technology, analytics, and consulting in Hyperion X. In doing so, we are acquiring the top advisory and analytical talent in the sector,” said Barnaby Rugge-Price, CEO, Hyperion X.
“Mark, Iain, and Michelle join a growing team of Actuarial, Advisory, Business Intelligence, and Catastrophe Modelling professionals. The powerful combination of our tools and technology combined with our growing, highly talented Analytics team is allowing us to create an offering which is truly unique for the benefit of our clients.”
Hyperion is positioning as a data and technology led, capital source agnostic, broker of insurance and reinsurance products and building out the team within Hyperion X to support this from an analytical and advisory perspective.