Skyline taps ex-Aon/Miller/Swiss Re speciality risk expert

Parametric insurance underwriting agency  Skyline Partners has engaged a broking veteran, formerly of Aon and Miller, to enhance product development, distribution and funding capabilities for its clients.

Ken MacDonald (pictured) will use his newly launched Ri3K consulting to support Skyline.

MacDonald has 35 years’ experience leading and growing businesses across a range of specialty re/insurance product areas, with particular expertise in alternative risk transfer in the global large corporate segment.

McDonald was most recently executive chairman, head of corporate development, and an equity partner at Miller Insurance. Prior to joining that, he was CEO at Aon Global UK, after spending nearly 14 years at Swiss Re’s International Risk Management Group (IRMG).

MacDonald said: “Parametric products can enhance almost any risk transfer programme in multiple ways, including for captives. They provide the first widely applicable supplement or alternative to conventional indemnity insurance to have come along during my career. In Skyline, I see a hub of parametric innovation whose independence and technology have already proven able to help even the most experienced market incumbents get a new parametric product designed and operational. I am happy to help bring their unique bundle of services to a wider audience, and help put truly useful new structures into action.”

Laurent Sabatié, Skyline’s co-founder and executive director, said: “Parametric structures are rapidly being adopted as a credible and extremely efficient alternative to conventional risk transfer. They are delivering a radical change to the way businesses are insured. We’ve engaged with Ken MacDonald to help spread the news through his network, and to support our clients – whether corporates, insurers, brokers, or reinsurers – in their efforts to get parametric products off the ground.”

Gethin Jones, Skyline co-founder and executive director, added: “As a speciality risk expert who has worked directly with major insurance buyers for decades, Ken MacDonald has genuine insights into the risks at the coal face. He understands firsthand the places where parametric insurance could help to close the coverage gap for intangibles, deductibles, retentions, and other hard-to-transfer risks. We really look forward to working with him.”

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