Guy Carpenter launched a Wildlife Risk Score designed to help clients manage their exposure to wildfire risk in Europe. A division of Tokio Marine Kiln now offers fine art insurance for personal and commercial risks.

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Guy Carpenter & Co., the reinsurance business of Marsh McLennan, launched a Wildfire Risk Score designed to help clients manage their exposure to the evolving risk of wildfire across Europe.

The product builds on the approach successfully deployed in the U.S. and adds an additional peril geography to Guy Carpenter’s climate advisory offerings.

Clients are now able to produce two scores: one for properties at risk across Europe and one for risk to forestry for the Nordic region. In addition, various climate change scenarios can be applied to modify the risk scores based on a series of variations over time ranging from near current climate to an increase of 3.0-plus degrees.

Wildfire Risk Score enables clients to generate risk scores ranging from ‘Very Low’ to ‘Extreme’ instantaneously for all properties in their European portfolio. These scores can be used to assess portfolio exposure levels and potential wildfire accumulation risks, or to support underwriting decisions at the individual risk level. Further, the data can be applied to climate change-related regulatory reporting requirements.

Available through GC AdvantagePoint, Guy Carpenter’s global risk analysis and visualization platform designed to transform data into actionable insights, Wildfire Risk Score can be integrated into a company’s existing workflows via API.

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Tokio Marine Highland, the Chicago-based property and casualty underwriting agency, now offers fine art insurance for personal and commercial risks.

Christiane Fischer was appointed president of the Fine Art Division, responsible for providing strategic leadership and delivery of the company’s custom insurance solutions for the fine art market, including art dealer, exhibition, museum, and private and corporate collection coverages. An experienced authority on fine art insurance, Fischer previously served as president & CEO at AXA Art Insurance Corp. from 2004 to 2019, growing the company into a market leader during her tenure.

Fischer is a member of te board of trustees of the Isamu Noguchi Museum of Art, the International Foundation for Art Research (IFAR), the Conservation Center, the Conservation Council of the Solomon R. Guggenheim Museum, and the National Jewelry Institute.

Founded in 1962, Tokio Marine Highland (formerly WNC Insurance Services) is a wholly owned company of Tokio Marine Kiln, one of the largest insurers in the Lloyd’s marketplace. Tokio Marine Highland is a property/casualty underwriting agency that offers specialty risk management products and services, such as private flood, construction, fine art, specialty property, real estate investment and lender-placed insurance.

Source: Guy Carpenter, Tokio Marine Highland