Dr Michael Palmer has been appointed as head of analytics and research for Hiscox’s Bermuda operation.
He will report to Damien Smith, the insurer’s Bermuda underwriting director, and will take responsibility for the analytics team in Bermuda, helping to develop the company’s understanding of all aspects of catastrophe risk.
Having originally joined Hiscox’s London office in 2005 as catastrophe research manager, Dr Palmer has a research background from Oxford University where he completed a PhD in atmospheric science, carrying out climate model experiments and investigating different aspects of climate change.
He followed this up with post-doctoral work at the Rutherford Appleton Laboratory (Oxford, UK), investigating the impact of the tropical upper atmosphere on the weather experienced at the surface.
Commenting on the appointment, Damien Smith says: “Keeping on top of the strengths and weaknesses of the catastrophe models the industry uses is a fundamental part of helping us to select the risks we take and ensuring we achieve the right premium rating.
“Mike will be a great asset to us as we look to build a class-leading analytics team to support and drive the profitability of the company.”