Juniper Re Integrates Reask’s Innovate Event Response Solutions to Deliver Precise Hurricane Risk Information
Juniper Re, LLC Integrates Innovative Event Response Solutions by Reask to Deliver Precise Hurricane Risk Information
TAMPA, Fla. June 3, 2024 – Juniper Re, LLC (“Juniper Re”) the dynamic reinsurance broking arm and indirect subsidiary of The Baldwin Group, the go-to-market brand name for The Baldwin Insurance Group, Inc. (formerly BRP Group, Inc.) (“Baldwin”) (NASDAQ: BWIN), and Reask, a world leader in assessing climate and catastrophe risk, are pleased to announce a strategic collaboration to deliver pre- and post- landfall hurricane wind speeds and precipitation forecast data to Juniper Re clients.
Hurricanes are among the most destructive weather phenomena on earth. The path of destruction can make accessing accurate wind speeds a significant challenge. Depending on the path of the hurricane, limited observations may be available, and where wind speeds are at the highest, traditional measurements often fail. Despite advancements, translating information like hurricane paths and probabilities for pre-landfall forecasts into actionable risk metrics for decision-making remains an obstacle to formulating an appropriate, necessary response.
Reask, through proprietary data and AI models, provides better information and guidance for critical, time- sensitive decision-making. Reask delivers accurate high-definition wind fields data and quantifies forecast uncertainty, assessing probabilities to wind speeds for every 1 km grid cell in the hurricane’s path, days in advance enabling more precise, directed response planning. The access to Reask’s Metryc and LiveCyc products signifies an important step forward in the Juniper Re’s mission to deliver cutting-edge technologies that address the challenges posed by natural catastrophes.
Juniper Re’s Head of Catastrophe Analytics, Adam Miron, stated, “We are excited to include Reask in our portfolio of event response solutions. The approach taken by Reask for assessing hurricane risk is cutting-edge and results in unmatched precision. We like to work with leading data providers and experts like Reask who are dynamic, innovative, nimble, and intensely focused on their core mission, providing our clients with the best solutions in the market.”
“We are pleased to integrate our market-leading hurricane risk data into Juniper Re’s event response solutions, helping to inform critical decisions and minimize losses.”
ABOUT JUNIPER RE, LLC.
Launched in October 2023, Juniper Re is a specialist reinsurance broker, comprised of talented and trusted professionals with extensive experience and knowledge in the reinsurance broking and the broader (re)insurance industry. Our team has extensive expertise across broking, analytics, client service, risk and compliance, and operational disciplines. We use a dynamic, analytical, and collaborative, cross-disciplinary approach to deliver insightful counsel and solutions to our clients. For more information, please visit www.juniperre.com.
ABOUT REASK
Reask is at the forefront of climate risk analysis, providing global state-of-the-art modeling solutions that enable insurers, reinsurers, governments, financial services firms, and other stakeholders to accurately assess and manage climate-related risks. With a focus on innovation and quality, Reask empowers the industry with data-driven insights for better decision-making. Reask’s data has garnered widespread acceptance among leading brokers and risk carriers. For more information, please visit www.reask.earth.
ABOUT THE BALDWIN GROUP
The Baldwin Group, the go-to-market brand name for The Baldwin Insurance Group, Inc. (NASDAQ: BWIN) and its affiliates, is an independent insurance distribution firm providing indispensable expertise and insights that strive to give our Clients the confidence to pursue their purpose, passion and dreams. As a team of dedicated entrepreneurs and insurance professionals, we have come together to help protect the possible for our Clients. We do this by delivering bespoke Client solutions, services, and innovation through our comprehensive and tailored approach to risk management, insurance, and employee benefits. We support our Clients, Colleagues, Insurance Company Partners, and communities through the deployment of vanguard resources and capital to drive our organic and inorganic growth. The Baldwin Group proudly represents more than two million Clients across the United States and internationally. For more information, please visit https://baldwin.com/.
Contact Information
JUNIPER RE PRESS
Amy Money, Head of Marketing
Juniper Re
214.533.3837
BRP PRESS
Anna Rozenich, Senior Director, Enterprise Communications
The Baldwin Group
630.561.5907
anna.rozenich@baldwinriskpartners.com
BRP INVESTOR RELATIONS
Bonnie Bishop, Executive Director, Investor Relations
The Baldwin Group
813.259.8032
NOTE REGARDING FORWARD-LOOKING STATEMENTS
This press release may contain various “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, which represent Baldwin’s expectations or beliefs concerning future events. Forward-looking statements are statements other than historical facts and may include statements that address Baldwin’s future operating, financial or business performance or Baldwin’s strategies or expectations. In some cases, you can identify these statements by forward-looking words such as “may,” “might,” “will,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “projects,” “potential,” “outlook” or “continue,” or the negative of these terms or other comparable terminology. Forward-looking statements are based on management’s current expectations and beliefs and involve significant risks and uncertainties that could cause actual results, developments and business decisions to differ materially from those contemplated by these statements.
Factors that could cause actual results or performance to differ from the expectations expressed or implied in such forward-looking statements include, but are not limited to, those described under the caption “Risk Factors” in Baldwin’s Annual Report on Form 10-K for the year ended December 31, 2023 and in Baldwin’s other filings with the U.S. Securities and Exchange Commission (the “SEC”), which are available free of charge on the SEC’s website at: www.sec.gov, including those risks and other factors relevant to Baldwin’s business, financial condition and results of operations. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated. All forward-looking statements and all subsequent written and oral forward-looking statements attributable to Baldwin or to persons acting on Baldwin’s behalf are expressly qualified in their entirety by reference to these risks and uncertainties. You should not place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date they are made, and Baldwin does not undertake any obligation to update them in light of new information, future developments or otherwise, except as may be required under applicable law.
