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InsurX, a digital exchange with algorithmic capacity, has announced the appointment of four new hires to its team to meet burgeoning demand from brokers and underwriters for algorithmic underwriting.
Appointed Divisional Director, David Dickson brings 12 years of broking and Lloyd’s experience to his new role. He most recently served as Director and Head of Broking at insurtech Superscript.
Nick Ierodiaconou is joining InsurX as Head of Product. With a background in architecture and 10 years in digital product, he was previously a leader at startups including Opendesk and the insurtech unicorn Zego.
Bringing extensive fintech, startups and large enterprises experience, Callum Linington is joining InsurX as Principal Engineer.
Finally, Kit Shirley has been appointed Commercial Associate. Prior to her new role, she spent three years supporting Paul Brand and Theo Butt in the CEO Office at Convex Insurance.
The new InsurX members will take up expanded space on Lloyd’s fourth floor, within the Lloyd’s Lab, where InsurX personnel operate alongside other leading InsurTech innovators.
Gilbert Harrap, InsurX Chief Executive said: “We have had to staff up to meet the burgeoning demand for our digital exchange infrastructure. The number and size of placements we facilitate is growing daily.
“We saw a rush of placements for the 1.7 renewals, for example. Existing partners – including 14 insurers and 25 brokers – are growing their portfolios by using InsurX’s digital exchange technology.
He continued: “Meanwhile we’re constantly improving the technology we use on the back end to enhance risk details with third-party and market data, and to match those risks with carriers’ dynamic appetites.
“Plus we’re preparing to enter new classes, following repeated requests from broker and insurer partners who want to use the platform for more types of business.”
Harrap concluded: “Our expertise and deepening talent pool are another reason InsurX is the answer for brokers and underwriters who seek to scale their trading without needing to increase headcount.”
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