Data analytics company Sciemus has named Rick Welsh as its new CEO.
Welsh will replace Andre Finn, who left the company in January.
Previously, Welsh served as head of the cyber unit at Sciemus. Before that, he worked at AEGIS where he was global head of cyber.
Sciemus has also named a new board of directors, including: Jeremy Attard-Manché, managing partner of Noster Capital; Russell Duckworth, managing partner of Hawkwood Capital; Paul Tillett, commercial director at Sciemus; and Peter Niland, operations director at Sciemus.
According to Sciemus, the new appointments are part of a strategic change to use its modelling capabilities more effectively to create additional revenue and refine its business model to meet changing market conditions.
In addition, the company is also developing a schema for underwriting and modelling cyber risk, as well as monitoring aggregate cyber exposure across all classes of insurance and reinsurance.
Welsh said: “Our analytics and computing professionals are using expertise, heritage and new technology to generate even more powerful data on complex and evolving risks.”
He added: “2016 will be one of the most exciting and transformative years in the history of Sciemus. We believe that our modelling and expertise will result in data being used to predictively model emerging and complex risk that will transform how markets underwrite, transfer and securitise risk. We are building what we believe will be the next generation modelling and specialty insurance firm.”
