Barrie & Hibbert has been appointed by Belgian company Dexia Insurance to provide an Economic Scenario Generator (ESG) to assist in Solvency II compliance and MCEV calculations.
Dexia Insurance is one of the largest providers of insurance in Belgium. In addition to its main clients in the life assurance sector, the company also serves the property & casualty and pensions sectors.
Barrie & Hibbert's European team has worked closely with Dexia to ensure delivery and implementation of the most advanced solutions in terms of transparency, flexibility and robustness.
Regional Head of EMEA for Barrie & Hibbert, Ed Emanuel said, "Due to our expansion in the region, we now have the infrastructure to offer Europe's top companies the best tools and service. We look forward to working with Dexia Insurance and supporting them as their requirements evolve."
Speaking on behalf of Dexia Insurance, Mr Jean-François Deschamps, Head of ALM & Market Risk management said, "Barrie & Hibbert has a proven track record in the field of economic scenario generator. As a result of the high level of expertise and service they already provide, we approached them to deliver a solution which would provide us with advanced solutions to be able to meet the future technical challenges created by Solvency II regulations"