CatX, the digital marketplace that connects re/insurers and brokers with alternative capital, has appointed James Robinson to its Bermuda Board of Directors, who brings over two decades of experience in insurance, reinsurance, finance, and technology.
A key figure across the industry, Robinson is known for being the founder of insurance software company, Cactus Ltd.
As well as this, he has also previously held positions at Hamilton, where he developed insurance software solutions.
In addition, he also worked in software and quantitative development roles at Barclays Wealth and Capital.
Robinson’s understanding of how to develop scalable insurance and financial platforms makes him a great addition to the board, which will help CatX further develop its technological propositions.
Further, Robinson’s appointment further solidifies CatX’s commitment to Bermuda as a strategic hub for the company’s operations.
Addressing his appointment, Robinson said: “I am thrilled to join the Bermuda Board of CatX and support visionary founders like Lucas and Ben. Their substantial progress in automating parametric and ILS risk placement is setting a new standard in the industry. It’s an exciting time to be part of such an innovative endeavour and a huge endorsement of Bermuda’s regulatory environment for YC and Lloyd’s Lab alumni to expand their operations here.”
Benedict Altier, CEO of CatX, commented: “We are delighted to welcome James Robinson to our Bermuda Board. Technology is at the heart of our proposition to better connect new institutional investors with opportunities in insurance, reinsurance and retrocession. The challenge of expanding capital deployment into insurance opportunities requires new infrastructure to structure insurance data, offer understandable and accessible risk modelling and ensure confidence in collateral”.
Lucas Schneider, CTO of CatX, added: “James has been invaluable for CatX from the very beginning. His introductions to key industry players and insightful advice have been instrumental in shaping our strategic direction. We are excited to have him formally join our Bermuda Board of Directors and I am excited to work closely with him to establish ourselves as a key market for parametric and ILW opportunities by offering more competitive pricing and enhanced efficiency.”
In related news, CatX recently launched a stand-alone artificial intelligence-powered tool called Catamaran for the creation and analysis of reinsurance submissions.
