Ex-Charles Taylor CEO joins insurtech to ‘unlock’ parametric potential

Former Charles Taylor group chief executive officer David Marock (pictured) has joined a UK-based insurtech working with industry players such as  Howden and  Munich Re to help “unlock the full potential of parametric insurance” and support the development of innovative solutions that can plug protection gaps worldwide.

Marock has joined the board of  Skyline Partners following the company’s recent  $1.75 million funding from VC firm West Hill Capital, which brought the total raised to $3.5 million, to support the next stage of product development, team expansion, and sales growth for global risks.

Since  exiting Charles Taylor in 2020 after almost a decade in the top position, Marock went on to join  flood forecasting insurtech Previsico and  AI monitoring technology firm TruEra. He also served as a non-executive director at fintech firm PremFina, as well as UK’s Standard life Savings.

Additionally, Marock is a senior advisor to McKinsey & Company, and provides consultancy services to other companies, including PE firms, insurtech investment holdings, pet insurer ManyPets, and proptech Goodlord. He is also an angel investor in various technology-related firms.

Previously, Marock also worked for specialist insurer  Beazley, where he was group COO, a group ExCo member, and on the Beazley Furlonge board.

Skyline has developed and launched several parametric products with a wide variety of applications, including natural disasters for financial institutions, cost of violence for SMEs, and climate risks for agriculture, such as the  recent deal developed for Howden, with Munich Re’s capacity, to protect Jamaican farmers.

The company is now looking to grow its UK business and “scale into a leader” in the global parametric space.

Laurent Sabatié, co-founder and executive director of Skyline Partners, said: “Skyline is committed to scaling the business fast and working collaboratively across the industry with re-insurers and brokers to do so. David’s connections and expertise will be hugely additive in the process.”

Fellow co-founder and executive director Gethin Jones, added: “David’s extensive experience and proven track record for scaling fast-growth technology businesses in the insurance and technology spaces make him a perfect fit for Skyline. We are delighted to have him onboard.”

Marock, non-executive director of  Skyline, commented: “I am excited to join Skyline and work with Gethin, Laurent, and the team to unlock the full potential of parametric insurance. Skyline is laser focused on creating innovative solutions that can plug protection gaps, worldwide, as an MGA, as a parametric structuring agent for complex and innovative deals for brokers and insurers, and lastly as a software provider for tech-enabled parametric solutions, with its INSDEX platform, a proprietary geospatial intelligence technology.”

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