Catastrophe risk modelling and analytics firm RMS has announced the hiring of Dr. Ludger Arnoldussen, previously a board member at reinsurance firm Munich Re, in a move designed to strengthen the firms position in Europe.
Dr. Arnoldussen has a long history in business development across both insurance and reinsurance sectors, most recently as a senior member of the Board of Management at Munich Re, where he headed up the reinsurers German and Asia-Pacific divisions.
Prior to his time at Munich Re, Dr. Arnoldussen was CEO of Swiss Re Germany.
Arnoldussen joins RMS to help the firm grow in European markets, and in Germany in particular. Arnoldussen will take on a senior managing director role within the RMS client service organization, led globally by RMS president, Mike Pritula.
Steve Hurcom, RMS senior vice president and head of international client development, commented; “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.”
Arnoldussen added; “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.”
In targeting the European and German market, RMS plans to launch in 2018 the RMS® Europe Severe Convective Storm HD Models, which will include the impact of hail.
This severe convective storm model will join the recently launched RMS® Europe Inland Flood HD Models.
Dr. Arnoldussen will be tasked with helping to drive uptake of these risk models across Europe and Germand, as well as the RMS(one) platform.
