Ola Jacob joins Global Parametrics as London Market Business Development Director
LONDON, 10 March 2025.- Global Parametrics, a CelsiusPro Group company, announces the appointment of Ola Jacob as London Market Business Development Director. In this role, Ola will drive the expansion of CelsiusPro Group's parametric solutions through the London Market, aiding private- and public-sector clients in enhancing their climate resilience.
Ola's experience spans over 13 years in the London Market. He joins from Descartes Underwriting, where he was UK & Ireland Business Development Director for parametric solutions. Previously, Ola was Senior Broker at Gallagher as well as Broker Success Manager at FloodFlash. He has also served as Member of the Management Board of Lloyd’s of London Community Programme.
Mark Rueegg, CEO of CelsiusPro Group, stated: "Ola's experience and broad network across the London Market aligns perfectly with our mission to continue taking parametrics to centre stage and make parametric risk transfer a key component of risk management strategies."
The market for parametric insurance is growing at a fast rate. The industry is still in early stages of adoption, but there is a strong recognition of its potential as a valuable complement to insurance portfolios and build resilience against such pressing perils such as extreme weather and natural catastrophe (NatCat) events
“I look forward to working with insurers and brokers to accelerate the penetration of parametric insurance, giving clients the best protection against climate and NatCat risks,” said Ola Jacob. “By leveraging CelsiusPro Group’s award winning technology, we shall work to continue enhancing the tangible benefits of parametric products. Stronger partnerships between insurers, brokers, and clients will be important in fostering understanding and trust.”
Ola Jacob, London Market Business Development Director
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Media contact:
Daniel Perez-Whitaker
Head of Marketing & Communications
daniel.perezwhitaker@celsiuspro.com
Global Parametrics, a company of the CelsiusPro Group, focuses on developing parametric risk transfer solutions that create a positive impact for vulnerable communities in countries prone to extreme weather and natural catastrophe risks. The company mobilizes risk capacity to underwrite parametric risk transfer through dedicated structures, which are backed by reinsurers with AA-ratings. The Global Parametrics team manages the Natural Disaster Fund (NDF), a public-private partnership with capital committed by the UK government's Foreign, Commonwealth and Development Office, and Germany's development bank KfW on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ). The NDF shares risks with Hanover Re. Visit globalparametrics.com/
CelsiusPro Group is dedicated to helping both private and public organisations understand and mitigate the financial impact of climate and NatCat risks. Our Insurtech platform integrates climate data and risk modelling to develop advanced solutions that enable insurance companies and brokers to distribute and manage tailored parametric insurance. Through our consulting services, we provide end-to-end insights on physical climate risk assessment, disaster risk finance, and structuring and risk modelling for insurance schemes. Our subsidiary, Global Parametrics, seeks to mobilise and deploy risk transfer capacity through various financial instruments and vehicles. With these integrated efforts, CelsiusPro Group advances parametric risk transfer from the fringes to centre stage in climate and NatCat protection. celsiuspro.com