He has 20 years of experience in the insurance industry and led Marsh JLT Specialty’s UK digital strategy

Brit Insurance’s follow-only digital Lloyd’s of London syndicate Ki has appointed Dan Hearsum as its managing director.

Hearsum will report to Ki’s group chief executive Mark Allan.

As Ki gears up to launch in 2021, Hearsum will play a critical role in the management of Ki as it fulfils its ambition to redefine the commercial insurance market.

Hearsum has 20 years of experience in the insurance industry, and will lead Ki’s commercial strategy, deliver its underwriting plan and drive Ki’s relationships with key trading partners.

Allan said: “[Hearsum] commercial experience and market relationships, combined with his track record in fostering digital change, means he’s perfectly placed to play an important leadership role at Ki.”

Hearsum joins Ki from Marsh JLT Specialty having led the firm’s UK specialty digital strategy. This is in addition to his role as head of placement for the specialty business in the UK.

Prior to Marsh, Hearsum was at Willis and started his career at C.E. Heath Insurance.

“Ki is a step-change for our industry, which has yet to experience the digital disruption of many other financial services sectors,” Hearsum said. ”I am delighted to be joining the team and I’m confident the broking community will be quick to embrace this new syndicate and the commercial benefits it will bring.”

Redefining commercial insurance

“We have been clear of our ambition for Ki to play a central role in redefining the commercial insurance market and bringing a new age of innovation and efficiency,” Allan added.

“Building out a strong team is crucial if we are to deliver this and I look forward to working closely with him as we move towards our launch.”

Ki was first announced in May 2020, and aims to significantly reduce the amount of time taken for brokers to place their follow capacity.

The digital syndicate’s algorithm was developed in collaboration with University College London, Google and Brit Insurance. 

It evaluates Lloyd’s policies and automatically produces quotes for business via a digital platform accessed directly by brokers.

Read more…Ki - the follow only syndicate aiming to reduce the London Market’s expense ratio

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