London-headquartered insurance and reinsurance linked investments manager Securis Investment Partners has added two new hires as it looks to create its own dedicated capability in non-life risk analytics and technical development.
With risk analytics and risk modelling technology sitting at the core of much of the activities of ILS managers like Securis, it has become increasingly important to develop their own capabilities in this area.
Open-source risk modelling tools are now customisable by companies with the expertise and Securis is looking to its newly created team to capitalise on the technological wave of innovation in insurance and reinsurance.
Securis is also looking at advance its investment decision-making and investment management tools using technology, which the newly created team of five will be focused on as well.
CEO of Securis Vegard Nilsen explained to Artemis that continuously developing its own view of risk is key to the firm.
“We see our technical capabilities as a key strength and want to impress on our trading partners and investors that we are investing in our ability to differentiate through our investment tools and in-house view of risk,” Nilsen explained.
The first of the new hires is Paul Wilson, who joins Securis from risk modeller RMS after 11 years which saw him reach the role of Vice President, Model Development. He has also worked at broker Aon and the Lighthill Risk Network.
Wilson joins Securis as Head of Non-Life Analytics, helping to lead a team of five at Securis who will be focused on the technological developments at the firm on the non-life side.
The other fresh hire is Adam Tidball, a qualified actuary who has spent the last 10 years at re/insurer MS Amlin where he helped to build-out technological infrastructure and underwriting systems.
Tidball will take on the role of Head of Technology & Development, Non-Life and will assist in driving the direction of Securis’ strengthened capabilities in this area.
Nilsen continued to explain, “This new team will sit next to our deal analytics and sourcing teams, ensuring an integrated view of underwriting and investment opportunities. They will be tasked with maintaining a current and up to date, sophisticated and credible view of risk across the sector for Securis.
“We are consistently looking at ways we can enhance our service offering, to both counterparties and investors, with technology now set to feature at the heart of our decision-making to help us stay-ahead of the competition. Adam and Paul will help us to deliver on this promise for our partners.”
Securis also recently hired analyst Clint Graham from Nephila Capital in June.