Managing general agent (MGA) XS Global has bolstered its alternative risk transfer (ART) and parametric capabilities with the hire of former Cooper Gay and Meteo Protect executive, Gabriel Gross, who joins the firm as Director of ART & Parametrics.In his new role, Gross will be based in Paris, where he will lead the expansion of XS Global’s parametric portfolio and secure additional capacity for a global diversified book of business.At the same time, he will also be expected to drive the development of parametric solutions by leveraging technology and industry expertise.Gross is an established insurance executive with over 15 years of industry experience, and a strong focus on innovation, technology, climate risks, and sophisticated risk transfer products.

In 2011, Gross founded Meteo Protect, the Lloyd’s coverholder and reinsurance underwriting platform that specialises in parametric insurance programs and provides parametric risk transfer technology and services, which was .Since then, Gross has served as the Director of Parametric Solutions at Cooper Gay, where he developed parametric solutions implementing the processes, and methods from Meteo Protect.In addition, Gross also served as the Chief Executive Officer (CEO) of Atacama Innovation, a licensed insurance, reinsurance, and weather derivatives broker and Cooper Gay partner, focused on delivering risk transfer solutions.

Addressing his new role, Gross said: “I am excited about the opportunity to lead the Parametric division at XS Global.Working with the exceptional team at XS Global and partnering with sister company Eureka Re (Reinsurer Company), offers a unique opportunity, and I look forward to growing this division over time and serving the growing demand for parametric risk transfer of climate and other natural risks.”.All of our Artemis Live insurance-linked securities (ILS), catastrophe bonds and reinsurance can be accessed online.

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