By Chris Munro

March 3 - (The Insurer) - XS Global has bolstered its alternative risk transfer $(ART.UK)$ and parametric capabilities with the hire of Cooper Gay and Meteo Project executive Gabriel Gross.

Gross, who is based in Paris, France, joined XS Global on March 1 and has been given the title of director of ART and parametrics.

At XS Global, Gross will lead the expansion of the MGA group’s parametric portfolio while also working to secure additional capacity for its global diversified book of business. Additionally, he will drive the development of innovative parametric solutions by leveraging technology and industry expertise.

Gross’ arrival comes shortly after XS Global’s former head of ART and innovation Alejandro Solorzano left to join Augment Risk, a move that sister title Parametric Insurer first revealed.

Gross brings more than 15 years of industry experience to the Miami, Florida-headquartered MGA.

His background includes launching Meteo Project in 2011. A Lloyd’s coverholder and reinsurance underwriting platform operating within the parametric space, Meteo Project was acquired by Cooper Gay in 2020.

At Corant Global-owned Cooper Gay, Gross served as the Europe-focused MGA and (re)insurance broker’s director of parametric solutions.

In that role, he developed parametric solutions that were triggered by perils including named hurricanes, earthquakes, lack of sunshine, excess average rain, drought, freezing temperatures and wildfire, among others.

Earlier in his career, Gross served as the CEO of Atacama Innovation, a (re)insurance and weather derivatives broker that was a Cooper Gay partner.

XS Global is understood to have passed the $500 million premium threshold in 2024, with the MGA since its launch in 2017, having now generated more than $1 billion for its carrier partners.

The company expects to generate over $1.2 billion in GPW annually by 2028.

While it has historically been focused on the Latin American market, Rainmaker Group-owned XS Global has in recent years been extending its reach into London, Europe and the Middle East, as well as the U.S.