AJ Gallagher completes WTW acquisition
WTW hires captives veteran Ed Koral
Sean B. Rider, CRO, One Concern
Sean B. Rider, 14 years veteran and key player in the captive insurance market at WTW, has left to take up the position of chief revenue officer at One Concern. The company provides “resilience-as-a-service solutions” for climate adaptation, extreme weather, and natural disasters and in June raised $45 million from the holding company of Japanese insurer SOMPO.
One Concern’s solution enables users to model and simulate community resilience and responses to natural disasters. Rider announced the move in an update on his LinkedIn page.
“With the power of artificial intelligence and machine learning, One Concern enables better decision-making to make disasters less disastrous. I am very excited to be part of a team that is adding another letter to ESG: R, for resilience. We will be helping institutions understand their climate risk in order to mitigate climate threats and their ripple effects on businesses and communities,” he wrote.
“Watch this space. Championing ESG+R, especially getting the resilience aspect right, and embracing a modern approach to understanding risk is fundamental to everything we need to do as world citizens, a society, and an economy.”
Ahmad Wani, CEO and co-founder of One Concern, also welcomed the move: “Sean’s established leadership and expertise across strategic risk finance and the alternative risk space will enable us to offer our clients unparalleled value in the resilience space. We’re seeing an increased demand for resilience solutions given that climate change is here and now.”
One Concern, Willis Towers Watson, North America, Sompo, Reinsurance, Insurance, Climate Risk, Captive Insurance, Ahmad Wani, Sean B. Rider, North America