The effects of climate change have long been a focus for insurers but, as Fund Manager Nick Martin and Analyst Dominic Evans discuss, the insurance industry can play a far larger role in providing the global solutions needed. The risk landscape is changing and there are now products focussed on addressing newer risks – cyber security, for example – but insurers will not lose focus on the largest risks today – climate change and extreme weather – and are refining their products more to risk prevention than just continuing to write cheques after the event.
Nick joined Polar Capital in September 2010 and is fund manager of the Polar Capital Global Insurance Fund (previously the Hiscox Insurance Portfolio Fund).
Nick has worked on the Fund since 2001 when he joined Hiscox plc. He participated in the management buyout of Hiscox Investment Management in 2007 when the business was renamed HIM Capital Ltd. He has developed a broad knowledge of the insurance sector during this time and from working for the chartered accountants, Mazars Neville Russell, where he specialised in audit and consultancy work for insurance companies and brokers.
Dominic joined Polar Capital in October 2012 from KPMG and is an investment analyst on the Global Insurance Fund.
Dominic previously worked as part of KPMG's insurance segment which he joined as a graduate trainee. At KPMG, Dominic obtained broad experience working on a range of global insurance companies through roles within M&A and IPO due diligence, audit and markets. Prior to KPMG he worked for a year in corporate finance focusing on natural resource companies.