Acrisure Re hires Dr. Ming Li to lead catastrophe modeling

Acrisure Re hires Dr. Ming Li to lead catastrophe modeling

Acrisure Re, the reinsurance broking unit of the Acrisure group, has actually employed well-respected catastrophe modeling specialist and market leader Dr. Ming Li as its new Global Head of Catastrophe Modeling.Dr. Ming Li most just recently worked at reinsurance broker Guy Carpenter, having actually moved to the company when Marsh acquired his previous employer JLT Re.
Li has over twenty years of experience dealing with catastrophe designs, with most of it particularly in the reinsurance sphere and is respected as a thought-leader on cat model development and use.
Dr. Ming Li began in the role of Managing Director and Global Head of Catastrophe Modeling today, January 18th, at Acrisure Re.
He will be based in New York and will report to Michael Cross, President of Acrisure Re North America.
Dr. Li will lead global disaster modeling efforts at Acrisure Re, supporting re/insurance renewals and the production of new re/insurance chances for the broker.
Li will work closely with analytics associates and organization leaders at Acrisure Re, supplying tailored capital services to clients using data-driven insights, helping them in their catastrophe threat management planning, and improving company profitability through examination of customer needs and their reinsurance choices.
Simon Hedley, CEO of Acrisure Re talked about the hire, “Acrisure Re is dedicated to offering quality options that integrate industry understanding and proficiency with world class analytics. The addition of Mings comprehensive experience of managing customer catastrophe exposure by utilizing data science strategies to expose crucial patterns and insight will enhance our analytical capabilities even further and Im delighted to welcome him to our team.”
Dr. Lis twenty years of industry experience have seen him focused for much of it on utilizing disaster designs and run the risk of analytics to notify capital usage and reinsurance purchasing for customers at the brokers he has worked at.
Danger modelling support is vital to helping reinsurance and retrocession buyers understand their alternatives, in terms of what or how much cover they need to acquire, along with how various risk transfer solutions might respond and importantly how insurance-linked securities (ILS), especially with different triggers and coverage terms, might integrate with a larger program.
He began his career in 2002 at Willis Towers Watson, rising to the role of senior vice president. In 2013, he was appointed global head of catastrophe modeling at JLT Re and then became a handling director at Guy Carpenter after Marshs acquisition of JLT Re.

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