New Paradigm Underwriters, creator of Hurricane PM Parametric Supplemental Hurricane Insurance, has announced the appointment of Evan Bull as Executive Vice President.
25-year insurance industry veteran Bull joins from a managing director role at Beecher Carlson where he head up business development, before that he was national property practice leader at Burns & Wilcox.
Evan Glassman, President and Chief Executive Officer (CEO) of New Paradigm, said; “Throughout his career, Mr. Bull has created a range of highly innovative business interruption and income disruption products. His ability to recognize and solve client needs will be invaluable to New Paradigm and our clients.”
Bull said; “Climate change is already taxing the ability of traditional insurance to provide adequate coverage, especially for businesses.
“The time has come for New Paradigm’s Hurricane PM line of parametric-based products. I look forward to reconnecting with many of my old colleagues and clients, and educating them on how parametric products supplement traditional insurance to provide a much more complete balance sheet and budget protection.”
Over the course of his career, Bull developed a standalone cancellation of booking insurance cover for the hospitality industry, as well as income disruption covers for the entertainment, gaming, hospitality and sporting events industries.
Bull begun his career in the Marsh mailroom while still a student at the College of Insurance and ultimately became a managing director of the company’s U.S. Property Practice in New York.
Ft. Lauderdale based New Paradigm Underwriters said its seen a surge in demand for its parametric products which pay out based on previously agreed triggers such as wind speeds or earthquake intensity indexes.
