Juniper Re Strengthens Catastrophe Analytics Platform with CAPE Analytics Collaboration
TAMPA, Fla. – July 18, 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 CAPE Analytics, Inc. (“CAPE”), a leading provider of AI-driven property intelligence, are pleased to announce a strategic collaboration to deliver key portfolio-improving property risk insights to Juniper Re clients, as well as a differentiated view to the reinsurance market.
This collaboration adds another strategic component to Juniper Re’s sophisticated, tightly woven catastrophe analytics platform uniquely designed to provide clients with distinct insights, enhanced positioning in the reinsurance marketplace, and improved overall portfolio and company performance by leveraging exceptional, specialized technology capabilities.
With the addition of CAPE to Juniper Re’s dynamic catastrophe analytics platform, the team introduces the ability to provide comprehensive property data insights through the analysis of high-resolution imagery and other data sources using computer vision and machine learning. This data includes detailed information on roof condition, building attributes, and property vulnerability to potential hazards such as hail, wind, and wildfire.
Juniper Re aims to improve data accuracy and risk management strategies for insurers, MGAs, and other providers of insurance products by integrating CAPE’s insights into its forward-thinking catastrophe modeling platform. By doing so, Juniper Re can enable clients to better prepare for, understand, and predict potential property losses, ultimately providing clients with more efficient, tailored, and effective solutions.
Juniper Re’s Head of Catastrophe Analytics, Adam Miron, added, “Our focus in developing our dynamic, interconnected platform has been identifying exceptional technology, determining how to maximize capabilities, and developing mutually advantageous relationships, all tailored to provide unique, impactful insights. Through our collaboration with CAPE, we can augment our client’s data to refine our analysis and ultimately distinguish them in the reinsurance marketplace. Furthermore, CAPE’s roof condition, wildfire, and hail intelligence enables us to show profitability impacts by integrating best-in-class hazard and vulnerability data. At the end of the day, integrating this intelligence into our catastrophe analytics platform allows us to differentiate our clients and ourselves in the market.”
“We’re thrilled to be working with Juniper Re to provide new and more accurate property risk insights that can help improve carrier risk management and profitability,” said Busy Cummings, CAPE’s Chief Revenue Officer.
“We look forward to seeing Juniper Re apply CAPE’s market leading property intelligence solution for reinsurance placements in a way that adds tremendous value to the broader property insurance industry.”
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/.
ABOUT JUNIPER RE, LLC.
Juniper Re, the brand name of Juniper Re, LLC and its affiliates, 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-disciplined approach to deliver insightful counsel and solutions to our clients.
In the UK, Juniper Re is a trading name of Juniper Re UK, Ltd, which is an appointed representative of Servca Group Limited. Servca is authorized and regulated by the Financial Conduct Authority and its FCA registration number is 596006. Juniper Re UK is registered in England and Wales, its FCA registration number is 1021485, its registered company number is 16047805 and its registered office is 27 Old Gloucester Street, London, Camden WC1N 3AX.
Juniper Re has offices in the United States, Bermuda, and the United Kingdom. For more information, please visit https://new.juniperre.com/.
ABOUT CAPE ANALYTICS
CAPE Analytics provides AI-powered, geospatial property intelligence for buildings across the United States, Canada, and Australia. CAPE enables residential and commercial property stakeholders, including insurance carriers and financial institutions, to access valuable and predictive property insights and risk scores instantly. CAPE property intelligence offers the accuracy and detail that typically require an onsite inspection but with unparalleled immediacy and coverage. Founded in 2014, CAPE Analytics is backed by leading venture capital firms and insurers and is led by machine learning, data infrastructure, and property risk experts. Learn more at www.capeanalytics.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.
