Accelerant, the insurtech that helps members change or switch threat extra successfully and connects them with long-term capital, has appointed its first Head of Capital Markets, hiring Peter Shen for the place, an government with expertise in funding banking and insurance-linked securities (ILS).
Shen was most just lately at insurtech Cowl Whale the place he spent two years working in Technique and Company Growth for the corporate, previous to which he labored in quite a few ILS targeted positions.
Shen joined Accelerant this month within the Head of Capital Markets place, a brand new position on the firm.
Accelerant. which is led by trade luminary Jeff Radke, has a track-record for looking for to attach environment friendly sources of threat capital with its member underwriters, to help their wants for reinsurance and development capability.
In 2022, the corporate launched a reinsurance sidecar, Flywheel Re, to support its members capacity needs.
The corporate then later that yr launched the Accelerant Danger Alternate, a platform by means of which it seeks to effectively join its member specialty underwriters, which embrace MGA’s, with sources of insurance coverage, reinsurance and third-party capital.
Shen, in asserting his new position on LinkedIn, stated “I’m extremely excited to be becoming a member of Accelerant as Head of Capital Markets, the place I’ll be serving to to attach threat capital with specialty underwriters.”
With the urge for food of insurance-linked securities (ILS) traders having expanded past the realms of disaster dangers in recent times, to incorporate areas similar to specialty traces, in addition to casualty and cyber, corporations standing on the intersection of threat and capital have an rising alternative to assist traders entry portfolios of threat, which completely suits the Accelerant mission.
Shen’s background noticed him working for a short while at reinsurance dealer Man Carpenter in its GC Securities ILS-focused unit as a summer season analyst, after which he spent nearly a yr at Piper Jaffray in funding banking.
Then, in 2017, Shen joined TigerRisk Companions and spent nearly 4 years on the dealer working in funding banking and capital markets associated roles.
