CatX, a digital disaster and parametric danger alternate start-up, has introduced that James Robinson, a Bermuda-based know-how professional who beforehand labored in information science at re/insurer Hamilton, has been appointed to the CatX Bermuda board.
Robinson has joined the CatX Bermuda Board of Administrators and the corporate stated this additional signifies its “dedication to Bermuda as a strategic hub for its operations.”
“The corporate acknowledges Bermuda’s strong regulatory atmosphere, revolutionary insurance coverage ecosystem, and focus of trade experience as key benefits in supporting its world development ambitions,” CatX defined.
James Robinson has greater than 20 years of expertise in insurance coverage, reinsurance, finance, and know-how.
He based Bermuda-based insurance coverage software program firm Cactus Ltd., previous to which he held key positions at insurance coverage and reinsurance group Hamilton, together with as a software program developer and latterly as a knowledge scientist.
At Hamilton, Robinson labored on the design and growth of cutting-edge insurance coverage software program options.
Previously he has additionally labored in software program and quantitative growth roles at Barclays Wealth and Capital.
CatX stated his appointment will additional develop its technological propositions, particularly Robinson’s experience in growing world-class, scalable insurance coverage and monetary platforms.
The corporate additionally stated it needs to develop its parametric insurance coverage choices, one thing that bringing onboard extra technical and area data will little doubt help with.
James Robinson commented on his appointment to the CatX Bermuda Board, “I’m thrilled to affix the Bermuda Board of CatX and assist visionary founders like Lucas and Ben. Their substantial progress in automating parametric and ILS danger placement is setting a brand new normal within the trade. It’s an thrilling time to be a part of such an revolutionary endeavour and an enormous endorsement of Bermuda’s regulatory atmosphere for YC and Lloyd’s Lab alumni to develop their operations right here.”
“We’re delighted to welcome James Robinson to our Bermuda Board,” stated Benedict Altier, CEO of CatX. “Expertise is on the coronary heart of our proposition to higher join new institutional traders with alternatives in insurance coverage, reinsurance and retrocession.
“The problem of increasing capital deployment into insurance coverage alternatives requires new infrastructure to construction insurance coverage information, supply comprehensible and accessible danger modelling and guarantee confidence in collateral.”
Lucas Schneider, CTO of CatX, added, “James has been invaluable for CatX from the very starting. His introductions to key trade gamers and insightful recommendation have been instrumental in shaping our strategic route. We’re excited to have him formally be part of our Bermuda Board of Administrators and I’m excited to work carefully with him to determine ourselves as a key marketplace for parametric and ILW alternatives by providing extra aggressive pricing and enhanced effectivity.”
