Insurtech Joyn Insurance has announced the addition of Brian Duperreault, former AIG CEO, to its board as an independent director. This move follows the appointment of Jim Hackbarth as the company’s first independent director announced earlier this month.
From 2017 to 2021 Duperreault served as Executive Chairman for AIG’s Board of Directors and as CEO of AIG. Prior to that, the executive had a 30-year career working in senior executive roles at Hamilton Insurance Group, March & McLennan Companies, ACE Limited, and AIG.
Seraina Macia, Joyn CEO, said: “Brian Duperreault is without question one of the biggest names and most experienced leaders in the entire insurance industry, and we are proud that he will be bringing his expertise to our Board of Directors.
“Brian has long believed in and supported Joyn’s mission to integrate insurance, data, and technology to create a best-in-class insurance experience, and his wealth of expertise will be critical as Joyn continues to grow.”
Duperreault commented: “I’ve argued for many years that the insurance industry is ripe for transformation and the team that Joyn has assembled is changing the game for insurance in ways that are long overdue.
“Seraina Macia is one of the most dynamic and forward-thinking leaders in insurance today and the product that her team has created will be the future of this industry. I am honoured to be able to play a part in Joyn’s future.”
Founded in 2021, Joyn Insurance is a fast growing company that continues to gain momentum. In January, it announced $17.7m in Series A funding led by OMERS Ventures with participation from Avanta Ventures, ManchesterStory, Cohen Circle, SiriusPoint, and several private individual investors.
Since entering the market, Joyn has bound more than 700 policies with approximately 90 trading partners, covering more than 400 insureds.
Today, Joyn offers E&S coverage for property, general liability and excess for companies across more than 700 NAICS codes in 36 states and Washington, DC.