Howden Group has hired Tom Hoad to help it establish an end-to-end platform that accelerates the launch and growth of insurance start-ups.
The firm said in a statement that Hoad will join the Group to lead this initiative. He will bring together expertise and resources from across both Howden and DUAL to create an investment and risk incubation hub that will proliferate new product development in the London market.
David Howden, CEO of Howden Group, said: “It is crunch time for the insurance industry; with volatility higher than ever and the risks of tomorrow very different from those of today, we need to innovate to remain relevant, and we need to do it quickly.
He added: “Tom’s unparalleled ability to identify great ideas and quickly assemble and motivate diverse project teams will enable us to create the perfect platform for entrepreneurs to transform their start-ups into highly attractive, scalable ventures that deliver the solutions clients so desperately need.”
Hoad has been designing products, partnering with high-quality start-ups and leading product development in the London market for over 11 years as head of innovation at Tokio Marine Kiln. He was instrumental to the launch and development of Lloyd’s Production Innovation Facility, ‘PIF’ (now known as the Lloyd’s Product Launchpad), and has played a significant role in the growth and successes of Lloyd’s Lab. He will join Howden once he has fulfilled his contractual obligations.
The last time that Hoad was on the pages of Reinsurance News was only a few weeks ago when Tokio Marine Kiln said it was partnering with Insurtech Altelium to deliver the worlds first data-driven battery energy storage system (BESS) warranty programme to help accelerate growth in the battery energy storage market.