Insurtech with Lloyd’s syndicate Parsyl eyes growth with London launch

Insurtech  Parsyl, a supply chain data startup and a Lloyd’s Coverholder, has appointed a new active underwriter of its Lloyd’s Syndicate 1796 and bolstered its board expertise with the addition of RenaissanceRe’s chief risk officer as part of its expansion into the insurance market.

Edward Mishambi, SVP and CRO - Europe at RenaissanceRe, will join its board as an independent non-executive director. Parsyl’s chief insurance officer Gavin Spencer (pictured) will become the new active underwriter of Syndicate 1796, its Syndicate-in-a-Box at Lloyd’s.

The appointments build on Parsyl’s recent London talent acquisitions and insurance business expansion, and align with the recent launch of its London office.

Parsyl claims to be the only integrated risk management and cargo insurance solution on the market. It uses granular data to help customers mitigate, manage and insure complex supply chain risks faced by perishable goods, and help significantly reduce waste, avoid losses and generate insurance savings based on the data collected.

“Parsyl insures clients against risk, while helping them reduce it," said Ben Hubbard, co-founder and CEO, Parsyl. “Edward’s risk expertise will be instrumental in ensuring we are using the very best practices as we grow our business. His deep commitment to Africa, and using insurance and technology to support equitable growth and trade in developing countries aligns with Parsyl’s founding mission and we’re thrilled to welcome him to the board.”

Mishambi said: “Parsyl sits at the intersection of my passions: insurance and technology as forces for good, and growth and prosperity for the people of Africa. I will proudly advise Parsyl on cutting edge risk analysis and processes as they rapidly grow their business and create positive social impact.”

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