Speciality insurer Beazley has appointed Stefan Wunderlich as head of parametric insurance as it seeks to develop its proposition in the property market. Wunderlich joins from Swiss Re where he spent two decades and helped develop parametric solutions for corporate clients and led teams providing guidance on climate risk exposures for clients.

Richard Montminy, group head of property risks, said: “Property risks are ever more complex, requiring specialist solutions, effective modelling and underwriting expertise to deliver outcomes that meet the needs of business across the world.

“Parametric underwriting is a highly effective response to the risk environment, often adding more immediacy, certainty and scalability than traditional methods of property underwriting. Stefan Wunderlich is a seasoned expert with the leadership experience and personal commitment to this specialism and I look forward to working with him as we further build out our parametric offering.”