Industry icon and former AIG CEO Duperreault joins fast-growing insurtech

Industry icon and former AIG executive chairman and CEO  Brian Duperreault has joined the board of a fast-growing small business-focused US insurtech that he believes is poised to kick off a long overdue transformation of the re/insurance industry.

“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,” Duperreault said after joining New York-based Joyn Insurance as an independent director.

“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 honored to be able to play a part in Joyn’s future,” he 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,” said Joyn CEO Seraina Macia. “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 previously served as executive chairman for AIG’s board of directors and as CEO of AIG from 2017 to 2021. Before joining AIG, Duperreault had a 30-year career working in senior executive roles at Hamilton Insurance Group, Marsh McLennan, ACE, and AIG.

The naming of Duperreault to Joyn’s board comes after the company announced Jim Hackbarth as its first independent director earlier this month. Hackbarth was most recently president and CEO of Assurex Global, a risk management commercial insurance brokerage group which generates more than $30 billion in revenue to the insurance industry.

In January, Joyn secured $17.7 million in Series A funding led by OMERS Ventures with participation from Avanta Ventures, ManchesterStory, Cohen Circle, SiriusPoint, and several private individual investors.

Launched in July 2021, Joyn integrates insurance, data and technology expertise, “providing a faster, more accurate and more transparent experience that saves time, costs and frustration”. The company says this integration makes it unique within the E&S space as it offers an advanced underwriting and workflow platform for fast and easy-to-bind coverages for the market.

Since entering the market, Joyn has bound more than 700 policies with approximately 90 trading partners, covering more than 400 insureds. The insurtech offers E&S coverage for property, general liability and excess for companies across more than 700 NAICS codes in 36 states and Washington, DC.

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