Reinsurance News
Parsyl
Parsyl appoints Ted Calligeros as Head of Cargo NA
18th March 2025
Parsyl, a data-powered insurer for essential supply chains, has appointed Ted Calligeros as Head of Cargo for North America, responsible for driving underwriting strategy and expansion across the region, based in New York City. In his new role, Calligeros will establish a local office and continue to build out Parsyl’s North ... Read the full article
Lightsmith Group leads $20m investment round in AI-powered insurer Parsyl
9th January 2025
The Lightsmith Group, a global sustainable private equity firm with a direct focus on resilience to climate change, has led a $20 million Series C investment round in Parsyl, the AI-powered insurer of complex supply chain risks. According to the announcement, the investment round also featured participation from a number of ... Read the full article
Parsyl appoints Simon Coles as new Head of Capital
16th May 2024
Parsyl, an insurer for essential supply chains, has announced the appointment of Simon Coles as Head of Capital. In his new capacity, Coles will oversee all aspects of capital, financial management, and syndicate performance for Parsyl. Ben Hubbard, CEO of Parsyl, expresses his enthusiasm for Coles’ appointment, stating, “Parsyl is entering a ... Read the full article
Parsyl more than doubles Lloyd’s-backed consortium to $55m
11th January 2024
Parsyl, the supply chain insurer, has more than doubled its Essential Consortium to $55 million in capacity, ultimately making it one of the largest cargo only consortiums at Lloyd’s for perishable commodities. The company launched the $20 million consortium in April 2023, which is led by Parsyl’s Syndicate 1796. For the ... Read the full article
Parsyl launches perishable insurance consortium at Lloyd’s
6th April 2023
Parsyl has announced the launch of its new Essential Consortium at Lloyd’s of London, in a multi-year arrangement that will initially bring $20m in new capacity to the perishable cargo market. The arrangement will leverage Parsyl’s data-driven insurance solutions and expertise in temperature-sensitive and ambient goods. The firm states that additional capacity ... Read the full article
Indira Riguero joins Parsyl as Head of Claims
3rd April 2023
Parsyl, a data-powered risk management and insurance solution, has announced the appointment of Indira Riguero as Head of Claims. Riguero began her career within the logistic industry twelve years ago as a Safety and Compliance manager for a trucking and freight forwarding company. She then proceeded to expand her career into the ... Read the full article
Parsyl appoints RenRe’s Mishambi as Director and names new Active Underwriter
30th September 2022
Approved Lloyd's coverholder and provider of insurance for essential supply chains, Parsyl has announced that Edward Mishambi, Senior Vice President (SVP) and Chief Risk Officer- Europe at RenaissanceRe, will join its board as an independent non-executive director. Mishambi joined RenaissanceRe in 2009, in his current position he is responsible for leading, ... Read the full article
Asta takes over Parsyl Syndicate from Ascot Underwriting
4th August 2022
Lloyd’s third-party managing agent Asta, has assumed the management of Parsyl syndicate-in-a-box (SIAB) 1796 from Ascot Underwriting, effective as of August 1. Parsyl, a Lloyd’s specialist in the insurance of perishable cargo, offers the only integrated risk management and insurance solution in the market. In response to the COVID-19 pandemic, Parsyl spearheaded ... Read the full article
Parsyl opens office in London, hires underwriting team
23rd June 2022
Parsyl, a provider of insurance for essential supply chains, has announced that it has opened an office in London, and has hired a team of industry-leading marine cargo professionals to serve Lloyd’s open market via Parsyl’s Syndicate 1796. Joining the company are Kristopher Kimble, Director of Aon, Henry Wood, Partner at ... Read the full article
Parsyl raises $25m Series B funding
31st January 2022
Denver-based Parsyl has raised $25m in Series B funding to expand its cargo insurance and risk management solutions. The company uses data to identify and manage risk, while reducing the wastage of essential goods. According to a release, its technology is currently monitoring vaccines for nearly 200m people. The Series B financing ... Read the full article
Parsyl hires Gavin Spencer as Head of Insurance
9th September 2021
Parsyl has appointed Gavin Spencer as Head of Insurance where he will lead all aspects of its data-driven insurance division. Spencer brings 21 years of maritime and transportation expertise, and as a member of Parsyl’s executive leadership team will focus on product and business development of Parsyl’s cargo and supply chain ... Read the full article
Parsyl sets record for parametric temperature claim payout
30th June 2021
Parsyl, a provider of insurance for essential supply chains, has settled a marine cargo insurance claim in 7 hours and 40 minutes, in what it says is a new industry record. The spoilage claim was paid to Niceland Seafood through Parsyl’s ColdCover Parametric product, which uses smart sensors and pre-configured spoilage ... Read the full article
Parsyl raises $15m, launches suite of tech-enabled cargo insurance products
16th April 2020
Approved Lloyd's coverholder and supply chain data platform, Parsyl, Inc., has announced that Parsyl Insurance has launched a suite of connected cargo insurance solutions for perishable goods, called ColdCover. The new suite of solutions will be powered by the firm's IoT data platform and includes an innovative, industry-first parametric spoilage product, ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
