History of Barrie & Hibbert
Acquisition by Moody’s Corporation
Barrie & Hibbert was acquired by the Moody's Corporation in 2011 and forms part of the Moody’s Analytics Enterprise Risk Management solutions. The acquisition broadens Moody’s Analytics suite of software solutions for the insurance and pension sectors.
Adding Barrie & Hibbert's skills, tools, and experience to Moody's Analytics expands our ability to help insurers meet worldwide solvency modernization initiatives, including Solvency II and other regulatory challenges, and reinforces our commitment to assisting financial institutions as they address a growing array of risk management needs.
Timeline of Growth
In 1995, Andrew Barrie and John Hibbert started as consultants to help companies manage market risk. Over the next eight years, Barrie & Hibbert undertook a wide range of client engagements and research supporting the development of a diverse array of models:
1995 First client engagements informing model development and research1996 Regime-switching equity model 1997 Full yield curve model for actuarial use 1998 FTSE option-implied distributions 1999 Stochastic volatility model, full HJM model 2000 Corporate bond model 2001 Stochastic mortality model 2002 Equity mean-reversion model 2003 Stochastic model for credit spreads
In 2003, Barrie & Hibbert launched their first standalone Economic Scenario Generator (ESG). With more than 150 customers around the world, the ESG is widely recognized as an industry standard for valuing and projecting assets and liabilities and assessing risk and capital positions.
Based in Edinburgh, Scotland, Barrie & Hibbert expanded into America in 2007 with a New York office launch and into Asia with a Hong Kong office launch in 2009.
Commitment to Innovation
Barrie & Hibbert has expanded beyond life insurance, applying its expertise to asset management, retail distribution, pensions, and P&C insurance. Barrie & Hibbert’s models are now integrated into enterprise risk management platforms, consumer advice tools, and valuation processes around the world. In the UK alone, 70% of insurers rely on Barrie & Hibbert’s models.
In addition, Barrie & Hibbert's offerings and expertise in understanding the risks in long-term asset and liability management will enhance Moody's Analytics data management, capital calculation, and regulatory reporting platform to further meet the needs of institutions as they undertake risk management and regulatory compliance activities.