Inevitable Ep 67: Barney Schauble, Chairman, Nephila Climate
Today’s guest is Barney Schauble, Chairman, Nephila Climate, the world's largest asset manager dedicated to weather and catastrophe insurance risks.
Barney joined Nephila Capital in 2004 as a Managing Partner and moved to San Francisco in 2010 to set up Nephila Advisors. Barney is the Chair of the Board of Nephila Climate (NCx), and also a Director of Nephila Capital Ltd. and Nephila Holdings Ltd.
Barney is the Head of Nephila Labs, where his primary responsibilities include oversight of research and insurtech; he is also involved in investor relations and business development. Barney began working in re/insurance in New York in 1993 as a broker for Marsh and Guy Carpenter. He joined Goldman, Sachs & Co. in their Risk Markets group in 1996, where he helped to execute the first catastrophe bond and spent six years working on development and distribution of catastrophe and
weather-linked products. Barney joined XL Capital in 2003 and was head of marketing for the weather risk management business.
Barney attended Harvard College and received his BA in Economics in 1995. He wrote his senior thesis to explore investing in bonds linked to property catastrophe reinsurance risk. He served as a Director of The Climate Corporation (2007-2012), MetroMile (2009-2011), and Advisen (2014-2016). He is Chair of the Board of Ceres (a non-profit devoted to sustainable capitalism) where he has been a Director since 2011. He is also an advisor and/or board member of several insurance-related technology companies.
In today’s episode, we cover:
- Overview of Nephila, and of reinsurance, in general
- History of the reinsurance market
- Founding story of Nephila, and Barney’s experience leading up to that
- The nature of Nephila’s work and how it has evolved over time
- How Barney thinks about climate change, and his thinking has evolved over time
- Barney’s views on climate risk, and short-term/long-term considerations looking into the future
- Barney’s views on the best ways to solve
- Barney’s work at Ceres, and why it is important
- Is the reinsurance market a leading or lagging indicator of climate risk?
- The role of policy
- How Barney would allocate a big pot of money to maximize its impact in the climate fight
- Barney’s advice for how you and I can help
Links to topics discussed in this episode:
- Nephila Climate: https://www.nephilaclimate.com/
- Swiss Re: https://www.swissre.com/
- Munich Re: https://www.munichre.com/en.html
- SCOR: https://www.scor.com/en
- Marsh & McLennan: https://www.mmc.com/
- World Bank: https://www.worldbank.org/
- Ceres: https://www.ceres.org/
- Task Force on Climate-Related Financial Disclosures: https://www.fsb-tcfd.org/
You can find me on twitter @jjacobs22 or @mcjpod and email at info@myclimatejourney.co, where I encourage you to share your feedback on episodes and suggestions for future topics or guests.
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*Editing and post-production work for this episode was provided by The Podcast Consultant