Accelerant, the insurtech that helps members alternate or switch threat extra successfully and connects them with long-term capital, has appointed its first Head of Capital Markets, hiring Peter Shen for the place, an government with expertise in funding banking and insurance-linked securities (ILS).
Shen was most just lately at insurtech Cowl Whale the place he spent two years working in Technique and Company Growth for the corporate, previous to which he labored in plenty of ILS targeted positions.
Shen joined Accelerant this month within the Head of Capital Markets place, a brand new function on the firm.
Accelerant. which is led by trade luminary Jeff Radke, has a track-record for in search of to attach environment friendly sources of threat capital with its member underwriters, to assist their wants for reinsurance and development capability.
In 2022, the corporate launched a reinsurance sidecar, Flywheel Re, to support its members capacity needs.
The corporate then later that 12 months launched the Accelerant Threat Change, a platform by which it seeks to effectively join its member specialty underwriters, which embody MGA’s, with sources of insurance coverage, reinsurance and third-party capital.
Shen, in saying his new function on LinkedIn, stated “I’m extremely excited to be becoming a member of Accelerant as Head of Capital Markets, the place I’ll be serving to to attach threat capital with specialty underwriters.”
With the urge for food of insurance-linked securities (ILS) traders having expanded past the realms of disaster dangers in recent times, to incorporate areas resembling specialty strains, in addition to casualty and cyber, firms standing on the intersection of threat and capital have an rising alternative to assist traders entry portfolios of threat, which completely matches the Accelerant mission.
Shen’s background noticed him working for a short while at reinsurance dealer Man Carpenter in its GC Securities ILS-focused unit as a summer season analyst, after which he spent virtually a 12 months at Piper Jaffray in funding banking.
Then, in 2017, Shen joined TigerRisk Companions and spent virtually 4 years on the dealer working in funding banking and capital markets associated roles.
