Previously of Guy Carpenter and JLT Re, Flandro has joined Hyperion to lead HXA
Hyperion has announced that David Flandro is to lead a new Hyperion X Analytics (HXA) arm.
The new analytics unit is a joint venture between technology-focused Hyperion X and RKH Reinsurance Brokers, both businesses within the Hyperion Insurance Group broking-underwriting stable.
Flandro previously led analytics globally for JLT Re, where he founded and developed the reinsurance broker’s strategic advisory team, and before that co-founded and led Guy Carpenter’s global business intelligence team.
Hyperion said HXA would serve RKH’s treaty, facultative, and specialty clients in addition to the wholesale and managing general agent (MGA) clients of Howden and Dual.
The new business encompasses Hyperion’s actuarial, catastrophe modelling, and thought leadership functions within one strategic innovation hub, underpinned by Hyperion X’s product development and proprietary Accelerator data platform.
Barnaby Rugge-Price, CEO of Hyperion X, said: “Creating a top-class analytics capability has been a key goal for us and we are absolutely delighted to have been able to attract someone of David’s calibre to Hyperion X.
“We believe a combination of our increasingly comprehensive data set and David’s unique talents in this area will allow us build the new, exciting and independent offering that the market is crying out for right now.”
Elliot Richardson, chairman of RKH Reinsurance Brokers added: “I am delighted to welcome David to Hyperion and to be part of forming Hyperion Analytics that will bring a fresh and exciting new approach to the industry. Blending technology, data and analytics is the future of the industry and Hyperion Analytics will be able to demonstrate this for clients and colleagues alike.”
Before Guy Carpenter, Flandro worked at rival Benfield (now Aon) as a member of its industry analysis and research team and at investment bank Merrill Lynch as an equity analyst covering London market and European insurance.
He holds an MBA in financial engineering from the Massachusetts Institute of Technology.
Commenting on his appointment, Flandro said: “I joined Hyperion because of its unparalleled commitment to leading the change currently taking place in the insurance sector. Proprietary data and technology are now the differentiating competitive advantages in our industry.
“Hyperion X has created a truly unique, client and market-consistent financial data set and have the expertise to deploy it on behalf of clients. This will underpin a new breed of analytics with totally new insights around risk selection, capital, and growth,” Flandro added.