InsurX hires swathe of new talent as algorithmic UW demand surges

London-based digital risk exchange InsurX has made several new hires in response to growing demand from brokers and underwriters for algorithmic underwriting.

The new hires will operate from InsurX's space within the Lloyd’s Lab, located in the Lloyd’s building.

David Dickson joins as divisional director. Nick Ierodiaconou has been appointed head of product. Callum Linington as principal engineer, and Kit Shirley joins as a commercial associate.

Dickson has 12 years’ of broking and Lloyd’s experience, most recently at the insurtech Superscript, where he was a director and head of broking. 

Ierodiaconou was previously a leader at startups including Opendesk and the insurtech unicorn Zego. 

Linington has experience with fintech, startups and large enterprises. 

Shirley spent three years supporting Paul Brand and Theo Butt in the chief executive officer (CEO) office at Convex Insurance. 

Gilbert Harrap, InsurX CEO, said: “We have had to staff up to meet the burgeoning demand for our digital exchange infrastructure. The number and size of placements we facilitate is growing daily. We saw a rush of placements for the 1.7 renewals, for example. Existing partners – including 14 insurers and 25 brokers – are growing their portfolios by using InsurX’s digital exchange technology. 

“Meanwhile we’re constantly improving the technology we use on the back end to enhance risk details with third-party and market data, and to match those risks with carriers’ dynamic appetites. Plus we’re preparing to enter new classes, following repeated requests from broker and insurer partners who want to use the platform for more types of business.”

Harrap added: “Our expertise and deepening talent pool are another reason InsurX is the answer for brokers and underwriters who seek to scale their trading without needing to increase headcount.”

Ierodiaconou said: “I am really excited to join InsurX, which is at the leading edge of transforming a really important industry. Their tech is really sophisticated, and it’s great to work in the iconic Lloyd’s building, to ensure the London Market remains the centre of the global insurance ecosystem.” 

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