Willis-backed insurtech Innovisk launches M&A MGA Themis

Innovisk Capital Partners, a London-based global insurtech start-up, has unveiled a new underwriting agency, called Themis, focussing on the provision of mergers and acquisitions (M&A) insurance solutions.

Innovisk was launched in June 2018 by former Acappella CEO David Thomas, with capital backing from Willis Towers Watson.

“Innovisk is making a significant investment in Themis so that we can become the partner of choice for the global M&A community," said Richard Winborn, managing partner of Themis. "We will have a large cohort of experienced deal practitioners, supported by an ‘A-list’ of carriers and enriched by Innovisk’s properietary technology and insight into risk from 3rd party data. This will allow us to provide our broking partners with the solutions their clients are asking for."

Winborn added: “M&A transactions are fast paced, complex risks. Our insureds need certainty of coverage in short time frames. We appreciate the significance of our promises and are building a business that will deliver on these. We are creating a global operation that brings together the agility and underwriting benefits of an MGA, with the balance sheet and governance of a large corporate.”

Thomas, senior partner at Themis and CEO of Innovisk, said: “We aim to partner with businesses that are going to drive real change in their sector and Themis will do just that. By delivering a first rate combination of people and technology, we will add to the overall market and deliver an improved buying experience for our brokers.”

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