Pierre Wiart joins Swiss Re’s Alternative Capital Partners as APAC Biz Dev Manager

Swiss Re has hired experienced insurance-linked securities (ILS) and reinsurance executive Pierre Wiart in Australia as APAC Business Development Manager for its third-party capital markets focused Alternative Capital Partners (ACP) division.

Wiart has held a range of positions focused on catastrophe risk modelling, reinsurance underwriting and insurance-linked securities (ILS) during his career, including time spent in London, Bermuda, France and Australia.

Most recently, Wiart has been working as the Physical Risk Analytics Lead at Commonwealth Bank, prior to which he had been consulting on insurance-linked securities and the financial impact of climate risk for his own company.

Prior to that, Wiart had joined CoreLogic, the property risk modelling, data and analytics company, as its regional Head of Consulting and Risk Management, spending two years at the company.

He began his career in London at RMS, working in catastrophe risk modeling in 2000, then moved back to Australia and spent over 4 years at Aon Re, as a Director of Catastrophe Modelling for the reinsurance broker.

Wiart then joined White Mountains Re in Bermuda and spent over 5 years as a Property Risk Manager, also working at Sirius International.

Moving to Paris, France in 2012, Wiart became the Head of Risk and Modelling for SCOR Investment Partners, working on its Atropos ILS Fund.

After that, Wiart moved back to Australia and worked in consulting on insurance-linked securities, including time spent working with large institutional investor QIC there.

He joined IAG Re in 2015 and worked as a Senior Underwriter for the company for over 2 years, before then joining risk modeller RMS there and then taking on the CoreLogic role after that.

Now, joining global reinsurance company Swiss Re, Wiart will lead Asia Pacific Business Development for the Alternative Capital Partners (ACP) division, where Swiss Re’s managed ILS strategies and capital markets activities sit within the organisation.

With Australian institutional investors increasing their appetites for catastrophe bonds and ILS over the last couple of years and these large allocators looking for alternative opportunities, Wiart’s location will benefit the Swiss Re ACP division, as too will its proximity to the rest of Asia Pacific where increasing interest in ILS is also being shown by a wide-range of investors, from family offices, to asset managers and pensions.