Guy Carpenter today launched CAT Risk Studio (CRS), a new division that will support Guy Carpenter’s Model Suitability Analysis (MSA)® initiative and will work closely with GC Securities* on the development of parametric products for catastrophe risk transfer. CRS establishes Guy Carpenter’s presence at the Marsh & McLennan Innovation Centre in Dublin, Ireland.
“We launched CAT Risk Studio in order to expand the capabilities of Guy Carpenter’s Model Suitability Analysis initiative,” said David Lightfoot, Head of GC Analytics - Americas. “Coupled with our innovative modeling technology and work by our catastrophe risk modeling teams around the world, Guy Carpenter’s MSA initiative truly has the potential to become the global reference for catastrophe risk knowledge in the market. Our team has worked tirelessly over the past three years to design the MSA framework and develop a growing academic research network to support our clients’ desire for defensible confidence in the CAT modeling results that are increasingly being used to inform capital management and underwriting decisions.”
Under the stewardship of Guillermo Franco, Global Head of CAT Risk Research, Guy Carpenter’s MSA initiative provides rigorous, systematic assessment of the many available catastrophe models worldwide and is designed to help clients formulate a confident view of catastrophe risk. Through an execution of established tests, including the comparison of catastrophe model assumptions with independent data sets, MSA identifies a specific model’s strengths and weaknesses, while also allowing users to fine-tune their own tolerances for risk in order to evaluate a model’s result.
Guy Carpenter has also expanded its team through two strategic appointments to support CRS’s robust web technology platform. Jaime Silvela brings more than 12 years of experience at technology-driven enterprises such as Microsoft and Amazon to his new role as the CRS Head of Software Development. Sergio Pucciano has also joined the team as a CRS Research analyst. Both Mr. Silvela and Mr. Pucciano will relocate to Dublin in order to continue to build the CRS team within the MMC Innovation Centre while reporting directly to Mr. Franco.
*Securities or investments, as applicable, are offered in the United States through GC Securities, a division of MMC Securities Corp., a US registered broker-dealer and member FINRA/NFA/SIPC. Main Office: 1166 Avenue of the Americas, New York, NY 10036. Phone: (212) 345-5000. Securities or investments, as applicable, are offered in the European Union by GC Securities, a division of MMC Securities (Europe) Ltd. (MMCSEL), which is authorized and regulated by the Financial Conduct Authority, main office 25 The North Colonnade, Canary Wharf, London E14 5HS. Reinsurance products are placed through qualified affiliates of Guy Carpenter & Company, LLC. MMC Securities Corp., MMC Securities (Europe) Ltd. and Guy Carpenter & Company, LLC are affiliates owned by Marsh & McLennan Companies. This communication is not intended as an offer to sell or a solicitation of any offer to buy any security, financial instrument, reinsurance or insurance product. **GC Analytics is a registered mark with the U.S. Patent and Trademark Office.