Accelerant, the insurtech that helps members exchange and transfer risk more effectively, while also connecting them with long-term capital, has hired experienced insurance-linked securities (ILS) industry executive Tim Tetlow as the CEO of its Cayman Islands based reinsurer, Accelerant Re (Cayman) Ltd.
Tetlow joined Accelerant Re (Cayman) Ltd. as Chief Executive Officer earlier this year.
He has spent much of his career based in London and Bermuda, working for reinsurance sector firms, including AXIS Capital and Montpelier Re.
In 2011, Tetlow joined start-up ILS fund manager ILS Capital Management, Ltd. as its President and Chief Operating Officer (COO).
He spent four years at ILS Capital helping the company build-out its business, as a member of its Investment Committee and also becoming Chied Underwriting Officer (CUO) and COO of its reinsurance vehicle Prospero Re.
Tetlow then joined Hudson Structured Capital Management as a Partner and the Chief Operating Officer of HSCM Bermuda in 2015, where he spent three years working with a focus on its ILS and reinsurance operations.
Since departing HSCM in 2018, Tetlow has been working as a consultant and also relocated to the Cayman Islands, which is where he has now found this new role.
As CEO of Accelerant Re (Cayman) Ltd., Tetlow will be leading the continuing build-out and oversight of the company, which plays an important role within the insurtech’s expansive ambitions.
It acts as an internal captive reinsurer for the Accelerant group, taking in risk from the insurance companies in the US and Europe, but with more regions of the world set to be expanded into over time.
Accelerant Re (Cayman) Ltd. aggregates this risk from the group and allows for the creation of an efficient pool from which to cede business outwards.
These cessions flow from the captive reinsurer to global reinsurance companies, ILS funds and also to Accelerant’s recently launched and first third-party capital vehicle, the $175 million reinsurance sidecar structure named Flywheel Re.
The insurtech also recently hired Jay Green, another senior executive with significant insurance-linked securities (ILS) experience, who has joined the company as its Group Chief Financial Officer.
Also announced just today, the company has appointed Protecdiv Chief Operating Officer and the former EQECAT President Paul Little to the Board of Directors of Accelerant Holdings.
“I couldn’t be more delighted to welcome Paul to our Board,” explained Accelerant CEO and co-founder Jeff Radke. “As a business founder and leader who has extensive experience in every aspect of the insurance industry, Paul complements the technology, data science and financial services expertise reflected on our Board today. He excels at innovative technology and service to anticipate and meet client needs in our ever-evolving market, and we know that our Board and our business will benefit significantly from his unique expertise.”
“After more than 30 years of service in the insurance industry, I continue to enjoy the work, the challenges and the opportunities, particularly leveraging technology, risk management and diversity to help companies of all sizes operate more efficiently and grow profitably,” Little added. “I look forward to contributing to Accelerant, an innovator in insurtech.”
Accelerant hires Tim Tetlow as CEO of its Cayman reinsurance company was published by: www.Artemis.bm
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