London insurtech Concirrus expands into Asia with AXA XL marine leader

London-based insurtech Concirrus has expanded its commercial offering into Asia with the hiring of Mike Davies, former Asia Pacific marine leader at AXA XL and Oliver Miloschewsky, both of whom bring over 40 years combined experience in the global marine insurance market.

Marine cargo expert Davies has held senior positions within XL Catlin, Zurich and AXA, as well as served as chairman of IUMI's cargo committee for six years. He was also a part of the executive committee alongside Dieter Berg, now a non-executive director at Concirrus.

Miloschewsky has a diverse background in underwriting, claims, risk management, strategy and portfolio management working across Europe, Asia and Australia. He is recognised as a seasoned H&M and P&I specialist, having worked for over 20 years at AXA XL, Zurich, Munich Re and IAG.

Concirrus CEO Andrew Yeoman said: “As the Asia market continues to increase its share of the global marine business, it’s a natural stage of growth for Concirrus to continue to establish a sales presence in the region. We’re excited to have both Mike and Oliver on board and leading the expansion of our business into Asia Pacific; they bring global expertise and regional experience that will allow us to shape our strategy within this key market.”

Davies commented: “I’m very much looking forward to being part of the Concirrus team at a time when the market is going through some dramatic changes. The market is hardening and for many people working in this industry, it will be the first hard market they’ve seen. Restoring profitability and accessing new opportunities is very much the priority and we see Concirrus as a critical partner in helping customers manage this hardening market and transform their portfolios into a far more profitable and sustainable book of business.”

Miloschewsky added: “It’s a great time to be joining a company that is clearly on an exciting journey and having been in the industry for as long as I have, I have a strong belief that Concirrus could make a real difference to the market.

“Over the last 12 months we have seen so many companies exit the marine market simply because they didn’t think there was an alternative. And yet, there is – working with a partner like Concirrus creates an opportunity to embrace a more scientific, data-driven approach that can help restore profitability and access new opportunities.”