General Ins - Latest News - JBA Group Ltd to build on success with new Risk company

 Following the recent substantial growth of JBA Consulting, the JBA Group is now establishing a new company, JBA Risk Management, to provide a more focused offering to insurance and reinsurance clients.

 JBA Consulting, which started out in 1995 as a UK flood modelling specialist, has long been a leading provider of natural hazard modelling services to the insurance and reinsurance sector. JBA Risk Management now offers a wide range of products and services that utilise its full range of expertise in meteorological perils and probabilistic modelling. The perils modelled include river and surface water flooding, sea surge and windstorm, tropical cyclone, freeze, drought and subsidence.

 Building on the existing expertise of JBA Consulting, the new company’s core products will be models and maps of hazard, vulnerability and risk as well as probabilistic models provided in the JCALF catastrophe modelling platform. JBA Risk Management will continue to provide bespoke consultancy and analysis work for clients, including JFlow® hazard mapping, probabilistic analysis, site risk assessments, and scenario and post-event analysis.

 “This is an exciting time for us,” says Simon Waller, Managing Director. “We plan to bring new products and services to meet the changing needs of the insurance and reinsurance industry and we look forward to continuing and extending the successful relationships we enjoy today.”

 JBA Risk Management will be a company within JBA Group and will trade from 1 November 2011.