Insurance Capital Markets Research (ICMR)

ICMR is a quantitative research firm dedicated to delivering innovative solutions for the complex challenges facing the global specialty (re)insurance industry. We are an associate member of the Lloyd’s Market Association.

Expertise

Our expertise lies in transforming data into actionable insights. We collate and manage industry performance data sets and specialise in providing in-depth analysis and prospective modelling of Lloyd’s syndicate portfolios. This can empower follow-only strategies and investment funds with the tools they need to make informed decisions. Additionally, our groundbreaking RISX Equity Index offers a unique “as-if” liquid benchmark for investments in Lloyd’s, enhancing market transparency. Our ultimate objective is to create an investment product based on the index.

Services

ICMR has developed sophisticated models to analyse and structure capital requirements, both for continuing business portfolios as well as LPTs. We have developed models to project relative and absolute underwriting performance at Lloyd’s, providing clients with a deeper understanding of risk and return profiles. Our portfolio valuation services are used by fund investors to track monthly earned returns on their portfolios of Lloyd’s participations and our real-time price to book valuation models give insight into enterprise value creation. By combining deep industry knowledge with cutting-edge quantitative techniques, we create bespoke solutions for our clients. Whether it’s helping develop investment strategies, assessing portfolio performance or unlocking new market opportunities, ICMR is committed to delivering excellence.

Clients

Our clients include insurance carriers, intermediaries and investors. We help them navigate some of the complexities of the specialty (re)insurance market through our independent assessments and research-driven approach to help make better informed decisions.

Founded in early 2020 by industry veterans with a proven track record in Lloyd’s analytics, investment banking capital markets, PE advisory, actuarial consulting and insurance-linked securities, ICMR brings a fresh perspective to the market.

Founders

Markus Gesmann

[email protected]

Markus has over two decades experience at the intersection of insurance and capital markets. As former Head of Analysis at Lloyd’s, he helped revolutionise market practices for performance and pricing monitoring. His expertise in structuring innovative risk transfer solutions was honed during his tenure as Head of Pricing at Lehman Brothers ILS joint venture Libero as well as at Vario Partners.

A globally recognised authority in non-life insurance portfolio modelling and probabilistic programming, Markus is an Honorary Visiting Fellow at Bayes Business School, City St George’s, University of London. He is also the creator of the widely used R packages ChainLadder and googleVis, which have become essential tools for actuaries and data analysts worldwide.

Quentin Moore

[email protected]

Quentin brings over 30 years of deep experience in the Lloyd’s and capital markets. As a former senior Lloyd’s executive, including roles on managing agency Boards and as Head of Research at Lloyd’s, he played a pivotal role in shaping the industry’s risk management framework. His leadership was instrumental in developing Lloyd’s Performance Management template post-9/11, laying the foundation for the market’s capital modelling and risk management practices.

Quentin’s entrepreneurial spirit is evident in his co-founding of ILS ventures with Lehman Brothers and Vario Partners. His diverse career spanning private equity, investment banking, and actuarial consulting provides him with a unique perspective on the insurance industry.

Our story