Andrew Siffert is vice president and senior meteorologist within BMS Re U.S. catastrophe analytics team. He works closely with clients to help them manage their weather-related risks through catastrophe response, catastrophe modeling, product development and scientific research and education.
He has 18 years of industry experience, having worked in the energy and insurance industry focusing his meteorological knowledge on helping companies manage their weather risks.
Prior to joining BMS, Siffert worked for FlagstoneRe as a CAT project manager/meteorologist and was responsible for developing LiveCAT products, frontline research and analytics used in the underwriting process. He has also worked at ACE Group, with the development of ACE Global Weather Insurance products, and helped pioneer the weather derivatives market and energy trading markets while working at Aquila Energy.
Siffert has educational background that spans the sciences, including a master’s degree in meteorology from the University of Utah. He was a member of the 2002 Olympic weather support team.
As part of a talk given at the Verisk Elevate Virtual conference, I want to highlight why a solar storm might be a major concern for the insurance industry. The large losses that will likely occur in the Deep South are just a small taste of what could happen. This link includes a summary of the […]
I guess you could say growing up in Minnesota and spending most of my life in a climate that is exposed to winter weather almost half of the year has made me an expert in how winter weather can affect the insurance industry. There is no denying that the recent Arctic outbreak was severe and […]
Many could not wait for 2020 to end, and numerous summaries highlighting the many different catastrophes and their impact on the insurance industry have been published. However, there is a need to put things into perspective at times, and this article looks to highlight a few unique aspects of 2020 and the catastrophes that have not […]
In the 1939 blockbuster film “The Wizard of Oz,” Dorothy, Toto and their three companions run toward the Emerald City across a field of poppies; an intoxicating scent puts her, Toto and the Cowardly Lion to sleep. Then, from the clear green-blue sky, snow starts to fall. Dorothy, Toto and the lion awake, and the […]
With the official start of the 2020 Atlantic hurricane season just one month away, there has likely never been a more important one for the insurance industry. This is not just because most of the early-season guidance points to an above-average hurricane season, which could increase the chances of hurricane landfall along the U.S. coastline; but, […]
The six-month 2019 North American hurricane season is officially in the books, and it was an active one in terms of named storm counts, with the majority of activity coming in the typical mid-August and mid-October periods. The season ended with 18 named storms, six of which became hurricanes, and three of those achieving major […]