Bridging Capital & Risk
Insurance Capital Markets Research (ICMR) provides independent, quantitative research and valuation services for the global specialty (re)insurance market, with a particular focus on the Lloyd’s of London market (Lloyd’s).
We believe that the Lloyd’s market offers a unique, uncorrelated asset class for investors, but it has historically lacked the transparency required for sophisticated capital allocation.
We exist to fix that. By cleaning, standardising, and modelling granular underwriting data, we provide insight into the “Alpha” that investors seek and the benchmarking that carriers need.
Our Edge
Data Foundation
We collate and clean financial datasets covering the entire history of modern Lloyd’s syndicates, creating a robust baseline for all our modelling.
Proprietary Models
From prospective portfolio modelling to stochastic capital structuring, our tools are built in-house to answer specific high-value questions.
Independent View
We are not brokers. Our research is objective, providing the unvarnished analysis needed for effective governance and strategic decisions.
Leadership Team
Markus Gesmann
Co-Founder
Markus has over two decades of 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
Co-Founder
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 co-founded 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.
Planning your next strategic move?
Contact us for a confidential discussion.