RMS has opened a new office in Sydney, Australia, as part of its drive to support clients' expansion in the Australian and New Zealand markets. The focus will be to help (re)insurers with the adoption of new models and to advise the region's superannuation funds as they invest in insurance-linked securities (ILS).
The office’s managing director is Dr Pierre Wiart, who will be responsible for client relationships and market development in Australia and New Zealand.
Dr Wiart started his career in catastrophe risk modeling in 2000 at RMS, before working for AON, White Mountains Re in Bermuda, SCOR, QIC and IAG Re. His experience includes managing funds and providing consultancy in the ILS sector. This is an expertise he will bring to investors in Australia and New Zealand who are looking to diversify into catastrophe risk, further strengthening RMS capital markets specialism in Asia-Pacific. He is also committed to driving forward the RMS agenda to help the industry close the protection gap, focusing on resilient solutions for the public and private sectors alike.