SOURCE: Ultimate Risk Solutions, LLC

March 08, 2010 11:52 ET

Spencer Joins Ultimate Risk Solutions as Non-Executive Director

LONDON--(Marketwire - March 8, 2010) -  John Spencer, a leader in the international insurance and reinsurance business, has joined the financial analysis software firm, Ultimate Risk Solutions, LLC, (URS) as Non-Executive Director, Alex Bushel, Chief Executive Officer, announced.

Spencer will serve as a senior advisor on the London market for insurance and reinsurance software and risk modeling technologies. Risk Explorer™ from URS is a Dynamic Financial Analysis model used by insurers, reinsurers, and brokers worldwide to identify and quantify the broad range of risks decision makers face. URS also offers a number of other analytical tools including URS Real World™, a global economic model that simulates the behavior of main economic variables in multiple economies.

"John Spencer brings a wealth of experience to URS from his 28 years as a senior executive in the insurance and reinsurance business," Bushel said. Spencer currently is a Senior Advisor to SFRi, LLC, a boutique merchant bank, and a Non-Executive Director of Argo Managing Agency at Lloyd's. From 1997 to 2008, he was a member of the senior management team at BMS Group, the international insurance and reinsurance broker, serving as Group Chief Executive from 2002 to 2008.

From 1995 to 1997, he was employed by Lloyd's as Head of Development & Operations for the Americas, in which capacity he worked closely with insurance and securities regulators and Lloyd's investors, advisors, and customers to ensure continuation of Lloyd' s trading privileges in North America. Earlier, he practiced as a Lloyd's broker specializing in US Accident & Health, Workers Compensation, and Specialty Casualty business. Spencer received his MA in Modern Languages and Law from Cambridge University and his MBA from Open University Business School.

Contact Information

  • For more information, contact:
    Mechlin Moore
    MDM Communications
    Office: 00 1 845-920-7081
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