Arbol, a technology-led underwriter of parametric risk transfer, climate and weather re/insurance business, has announced the hire of Brad Livingston, an executive with significant insurance-linked securities (ILS) market experience, as its new Head of Risk Capital Solutions.
In the new role, Livingston will bring his ILS structuring and execution expertise, leading Arbol’s efforts to bring innovative parametric insurance and reinsurance products for climate risks and natural catastrophe risks to capital market investors.
He joins Arbol after a period spent at private equity specialist Apollo Global where he worked to originate P&C opportunities for the investment group.
Livingston’s storied re/insurance career began at Guy Carpenter in 2007, working on ILS and catastrophe bond opportunities for its clients.
In 2013, he moved to Willis Towers Watson Securities, becoming a Vice President of ILS, developing and structuring property catastrophe reinsurance treaty opportunities for institutional investors for a period of four years.
Livingston then moved to AXIS Capital in 2017, working his way up to become Head of Third Party Capital there and leading on its ILS initiatives.
Then, in 2019, he moved back to Willis Towers Watson, becoming a Director in the Willis Re Securities division, where he continued his capital markets reinsurance and ILS structuring focus, before joining Apollo in 2021.
Hong Guo, EVP and Chief Insurance Officer, Arbol, commented on the appointment, “We are extremely pleased to have someone of Brad’s caliber and experience joining us at this pivotal moment in the P&C insurance industry.
“At Arbol, we bring data-driven insurance and reinsurance products to market leveraging our full ecosystem of tools encompassing data, AI powered digital pricing platforms, and dedicated risk capacity.
“I am confident that Brad will play a crucial role in our journey to drive innovation in product offerings, business model and capital usage.”
Livingston himself added, “It is a great privilege to join Arbol in this period of tremendous growth and success for the company. Arbol continues to innovate in the (re)insurance industry by utilising data and technology to offer innovative parametric (re)insurance solutions.
“I look forward to working with the team in expanding products and sources of capital to support increasingly complex weather and climate risks.”