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Inver Re launches global index practice after Johansmeyer appointment

19th September 2023 - Author: Kassandra Jimenez-Sanchez

Inver Re, the reinsurance broking arm of the Ardonagh Group, has announced the launch of an integrated global index practice, to be led by Tom Johansmeyer.

tom-johansmeyer-inver-reJohansmeyer’s appointment as Inver Re’s Global Head of Index was announced earlier in the year. He joined the broker from Verisk, where he had worked for 11 years, most recently leading its Property Claim Service (PCS) business.

While holding this role, he oversaw the creation, expansion and adoption of loss indices – third party data sources which trigger when a claim is paid out.

Johansmeyer holds an MA in global diplomacy from the University of London where he completed a dissertation in political violence and is completing a PhD in international conflict analysis focusing on cyber insurance and economic security at the University of Kent.

His research has been published in academic journals and provided a foundation for new approaches to risk and capital management in challenging lines of business.

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Johansmeyer commented: “I’m excited to be part of Inver Re, and to build out something really special. The industry loss index business has become large, intricate, and vibrant over the past five years, due to the dual developments of increased worldwide loss activity, and the proliferation of loss indices during that period. The next era of development requires the combination of specialty market knowledge and ILW capabilities that Inver Re is uniquely equipped to deliver.

He continued: “From demonstrably world class weather modelling to robust and growing analytical capabilities, Inver Re’s knowledge, experience and research is already translating into actionable intelligence. Our integrated practice will further clients’ understanding of how to use risk transfer capital more efficiently while respecting risk appetite, profile and tolerance.”

At Inver Re Johansmeyer will report to Kevin Stratton, Inver Re CEO Bermuda Specialty & P&C. He will also be working closely with Gareth Davies, Managing Director of Parametrics based in London, and Chris Bonard, CEO of Ardonagh Specialty Holdings Bermuda, to bring together Inver’s capabilities across ILWs, parametrics, analytics and modelling.

The move to broker Inver Re means that Johansmeyer is the first PCS leader to leave for a position in the marketplace.

“Global indices, like capital markets and other verticals, rounds out Inver Re’s offerings as a full-service broker – and Tom at the helm means we’ve got the best of the best driving our delivery and growth. He literally invented many of the PCS indices still in use, and his in-depth knowledge of how loss reporting agencies work gives Inver Re a significant advantage for delivering the tightest ILW wordings to clients,” said Bonard.

Adding: “Bringing together different practices to drive innovative client solutions is at the heart of Inver Re. The walls between categories of reinsurance, such as capital markets, loss index catastrophe bonds and parametric cover are breaking down. Our global index business will tightly interlock with our adjacent practices to bring each client an integrated program.”

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