Reinsurance News

INSHUR adds Uber’s Simon Logan to senior team

18th September 2019 - Author: Matt Sheehan

INSHUR, the Munich Re-backed provider of commercial auto insurance, has announced the appointment of Simon Logan as Vice President of Commercial & Legal.

simon-logan-inshurLogan previously served as former Legal Director of Insurance, EMEA at Uber, which INSHUR partnered with back in May 2019.

INSHUR said that the appointment would help to strengthen its relationship with the popular ride-sharing app.

At Uber, Logan was responsible for providing legal and commercial counsel throughout the EMEA region. He previously served as Head of Legal at RSA Insurance Group in London.

In his new role, Logan will advise on commercial development and growth strategy at INSHUR, while overseeing legal responsibility as the company expands.

“We’re growing at a rapid pace,” said INSHUR COO and Co-founder David Daiches, “and Simon’s reputation within the insurance and tech industries alongside his strong connections within the global team at Uber made him stand out as someone who can bring much value to our growing business and senior leadership team.

“We are delighted he chose us, we have worked closely with Simon as we have furthered our relationship with Uber,” he added.

Logan also commented: “I got to know David and the INSHUR team while working on the partnership with Uber. INSHUR is one of the most credible and fastest-growing businesses in its space.  From the outset, it was clear we had a strong and aligned understanding of the disruption and potential INSHUR brings to the market.”

He continued: “INSHUR’s track record speaks for itself; it has secured solid commercial and VC backing, established great allies and commercial partners and on top of that they are a great bunch of people.”

Backed by Munich Re Digital Partners (MRDP), INSHUR sold $24 million of premium during its first 12 months of operation in New York alone.

The firm is based in New York and Brighton, UK, and is looking to expand across other markets globally.

Recently, INSHUR announced that it had raised a further $1.5 million of funding from Viola FinTech, bring its total investment to $9.6 million, with a $2 million credit facility.

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