Risk modelling firm RMS has hired a former Munich Re board member, Dr. Ludger Arnoldussen, who will join the firm to help it expand its European client base, with a particular focus on Germany.
Arnoldussen had been on the board of reinsurance firm Munich Re for more than ten years and retired from the reinsurer in March this year.
In his time at the reinsurer, Arnoldussen had responsibility for business in Germany and the Asia Pacific region, holding many client relationship responsibilities.
Catastrophe risk modelling specialists RMS hope that the hiring of Arnoldussen as a senior managing director within its client service organisation will help them to strengthen their European market business, increasing its value to leading reinsurance and insurance carriers in the process.
Arnoldussen, who had previously been the CEO of Swiss Re Germany, will work under Mike Pritula, RMS’ President and global client services leader.
Steve Hurcom, RMS senior vice president and head of international client development, stated; “Ludger’s knowledge of the German insurance market is unrivalled, and his insights into the needs of the country’s primary insurers, coupled with the rich scope of RMS models, data and RMS®(one) solutions, will be of huge value to RMS clients. RMS has a reputation for excellent client support – with Ludger on board we will increase and maximize that support across our growing European client base.”
RMS is planning a push into Europe with the launch in 2018 of its RMS® Europe Severe Convective Storm HD Models, which will include analytical and modelling coverage for the peril of hail.
Severe convective storms are an increasing concern to European insurers and reinsurers, so are a focus for modelling firms at the moment as they try to provide analytical coverage for the most impactful perils the industry faces. The convective storm model joins RMS’ recently launched RMS® Europe Inland Flood HD Models.
Arnoldussen will help RMS to increase adoption of these models, as well as the RMS(one) modelling platform, across Germany and Europe.
Ludger Arnoldussen also said; “I have worked with RMS over the course of my career, and I have been consistently impressed by their professionalism, clear focus, and deep knowledge of modeling extreme events. I am excited to be part of the initiative to make this important resource available to more European insurers. From my background in the German-speaking markets, the new model developments are key in reflecting recent changes in weather patterns in underwriting and portfolio management.”