September 01, 2020
Mercer was the CEO and co-founder of Ventus Risk Management, an Insurtech company focused on underwriting catastrophe exposed commercial property risk. Previously, he was co-founder and Chief Risk Officer of Validus Re and CEO of AlphaCat ILS Managers, an insurance-linked securities investment manager. Mercer currently also serves on the Advisory Board of Insurdata, a firm specializing in peril-specific exposure and risk data for insurance and re-insurance purposes.
Stuart brings this depth of experience to Demex, where he will primarily advise on insurance, re-insurance, and weather risk. “I have known Ed for many years and have always enjoyed his innovative approach to the market. I look forward to supporting Ed and his team as they build the market leading climate risk management company.”
Macdonald’s career has spanned decades in financial services, with expertise in capital markets and commodities. He spent 38 years at Royal Bank of Canada, most recently as the head of the Commodities and Discretionary Capital Group for RBC Capital Markets. Other senior roles for RBC Capital Markets include EVP and Chief Operating Officer, Global Head, Technology and Operations, and Head of New York Risk Management. Bruce is currently Chairman of the Canadian Depository for Securities Limited (CDS) and has been a member of the Board since 2006.
Bruce comes to Demex as an advisor on commodities, risk, and technology. On joining Demex, he said, “I am excited to be part of bringing an innovative and practical approach to managing the ever-increasing effects of weather to the boardroom.”
The pair introduce particular expertise in developing new teams and companies to the growing Demex Group.
The Demex Group is a technology company that has pioneered a new paradigm to customize and deliver climate-resilience through financial risk solutions on a global scale. We recently emerged from Munich Re with risk capacity from both Munich Re and Nephila Capital as well as Seed investment from Anthemis and IA Capital Group (read the full story from the Washington Post). The Demex team combines decades of experiences across the technology, risk management, capital markets, commodities, climate science, financial management, and energy industries.
The growth of our Advisory Board brings new insights from leaders in insurance, reinsurance, and insurance-linked securities.
“I’m delighted to have both Stuart and Bruce as part of the Demex team. They bring a wealth of experience in building, growing, and nurturing risk transfer businesses across many financial institutions,” said Demex Founder and CEO, Ed Byrns.