Hyperion Insurance Group’s data and technology division, Hyperion X, has announced the appointment of David Flandro as Managing Director, Analytics.
He joins the firm from global reinsurance broker JLT Re, where he served as Global Head of Analytics and a member of the company’s Executive Committee.
In his new role, Flandro will lead the development of Hyperion’s new analytics operation, Hyperion X Analytics, a joint venture between Hyperion X and RKH Reinsurance Brokers.
According to an announcement, the new business will service RKH’s treaty, facultative, and specialty clients as well as the wholesale and MGA clients of Howden and DUAL. Hyperion X Analytics will encompass Hyperion’s actuarial, catastrophe modelling, and thought leadership functions, creating an innovative strategic advisory offering, underpinned by a unique product set and Hyperion X’s proprietary Accelerator data platform.
Chief Executive Officer (CEO) of Hyperion X, Barnaby Rugge-Price, said: “Creating a top-class analytics capability has been a key goal for us and we are absolutely delighted to have been able to attract someone of David’s calibre to Hyperion X. We believe a combination of our increasingly comprehensive data set and David’s unique talents in this area will allow us build the new, exciting and independent offering that the market is crying out for right now.”
Chairman of RKH Reinsurance Brokers, Elliot Richardson, said: “I am delighted to welcome David to Hyperion and to be part of forming Hyperion Analytics that will bring a fresh and exciting new approach to the industry. Blending technology, data and analytics is the future of the industry and Hyperion Analytics will be able to demonstrate this for clients and colleagues alike.”
While at JLT Re, Flandro founded and developed the broker’s Strategic Advisory team and prior to this, he co-founded and subsequently led Guy Carpenter’s Global Business Intelligence team. He has previously worked at Benfield as a member of the Industry Analysis and Research team, and at Merrill Lynch where he worked as an equity analyst covering London market and European insurance.
Flandro said: “I joined Hyperion because of its unparalleled commitment to leading the change currently taking place in the insurance sector. Proprietary data and technology are now the differentiating competitive advantages in our industry. Hyperion X has created a truly unique, client and market-consistent financial data set and have the expertise to deploy it on behalf of clients. This will underpin a new breed of analytics with totally new insights around risk selection, capital, and growth.”