Insurtech firm Accelerant has hired Jay Green to be its new global chief financial officer.
Green will begin in his new role at the start of November and will lead the company’s worldwide financial planning and analysis as well as investor relations and capital markets.
He joins from Goldman Sachs, where he was managing director and head of insurance structured finance within the investment banking division, leading the team responsible for alternative capital raising and insurance-linked securitisation.
Before joining Goldman Sachs, Green held senior roles in the capital markets divisions of Guy Carpenter & Company and Swiss Reinsurance Company.
Jeff Radke, CEO and co-founder of Accelerant, said: “Jay is a strategic thinker who has consistently sharpened our perspective on how to expand access to capital and better align incentives across the insurance value chain. Jay has demonstrated that he will be a strong financial steward, and I’m confident that he will be a key contributor to our continued growth. We’re thrilled to have him join the team as we continue to transform the industry for the better.”
Green is not the only hire to land on Accelerant’s shores in recent weeks. In the middle of September, the firm said that it had hired Pete Horst to be its new chief technology officer.
Meanwhile, it was recently reported that Accelerant had launched a $175mn reinsurance sidecar vehicle. The insurtech platform also recently set up a new EU headquarters in Brussels as the company continues to target expansion in Europe.
All of this follows a $190m funding round for the firm earlier this year that was led by Eldridge, with participation from Deer Park, Marshall Wace, and MS&AD Ventures. Its other existing majority investor Altamont Capital Partners also participated in the round.
The company said at the time that it would use the capital to continue rebuilding the way that underwriters share and exchange risk to improve outcomes for program managers, primary issuing carriers, and ultimate risk-bearers.
Accelerant was founded in 2018 when leaders with deep roots in the insurance industry joined with strategic technologists and data scientists to reimagine the assumptions underpinning insurance to help underwriters drive market-leading profitable growth. The firm specialises in serving a selected and managed network of members in the managing general underwriter and program administrator space across the US, UK, and Europe.
