Global reinsurance giant Munich Re has appointed experienced parametric and weather risk transfer executive Jack Faure as its new Head of Parametric NatCat Solutions.Faure has been hired from his most recent position at Parameter Climate, an advisory firm focused on weather derivatives and parametric insurance.His career began at Sompo International in 2016 as a reinsurance underwriter.In 2018 Faure moved to the Sompo Global Weather division where he worked in portfolio management of a global book of weather derivatives and parametric risk transfer contracts.

In 2020, Faure moved to reinsurance broker TigerRisk, but then .Now, Faure is joining one of the largest reinsurance firms in the world in a key position to help it continue to expand its parametric risk transfer capabilities.At Munich Re, Faure will be the Head of Parametric NatCat Solutions, according to a post he made on Linkedin, which will be a key role at the company as it looks to deploy more of its reinsurance and risk transfer capacity to support catastrophe and weather risks transferred on a parametric trigger basis..

All of our Artemis Live insurance-linked securities (ILS), catastrophe bonds and reinsurance can be accessed online.Our can be subscribed to using the typical podcast services providers, including Apple, Google, Spotify and more.