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Jones joins HSCM as InsurTech partner

Hudson Structured Capital Management (HSCM) has hired Adrian Jones as an InsurTech partner. 

Jones, who was previously a senior member of staff in Scor’s property and casualty business, will also serve as a managing director at HSCM and will work to expand HSCM’s InsurTech business as part of his new role. 

HSCM runs an InsurTech fund as part of its client offering. Everest Re was an anchor investor at the 2018 launch. 

The company has been a frequent investor in other InsurTech ventures, including taking part in a $123mn fundraise for real estate underwriter States Title, acting as lead investor in a $15mn fundraise for personal lines insurance agency Goji and reinsuring auto carrier Metromile.

Vikas Singhal, founder of HSCM’s InsurTech business, welcomed Jones to the company. 

“Adrian’s unique profile includes senior roles in both the established and emerging parts of insurance, which we believe will prove invaluable to the companies we partner with,” he said.

HSCM co-founder Michael Millette praised Jones’ expertise in InsurTech. 

“Insurance is undergoing a generational change that presents great opportunities for investors and entrepreneurs who can apply technology to transform customer experience, risk analysis and expense management,” he added. 

Millette has previously said that the InsurTech sector could soon take off after much fanfare in recent years.

He told Trading Risk conference in October: “We could very well have a $15bn-$20bn market cap, public company sector in InsurTech by the spring. 

“InsurTech has nibbled at the fringes of the industry. With that much firepower, InsurTech companies are going to start to take on established practices.” 

At Scor, Jones was deputy CEO of P&C partners, a division that uses technology to help coordinate underwriting teams, and head of P&C Ventures, a team that partners with InsurTech companies. He was at Scor for just under five years and was previously head of corporate strategy at Renaissance Re.  

Explaining the move in a blog post, he said: “I buy some of my insurance the same way my grandfather did, from the same insurer he did -- I pick up the phone and dial. For other policies, I pick up the phone and tap. Subtle but profound shifts like dial vs. tap are allowing insurance markets to be contested like never before in my professional life. 

“In joining HSCM, I look forward to building the insurers of the future with a team of creative people who know insurance and bring flexible capital from seed to exit.”

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