Kettle, the reinsurance focused deep-learning and artificial intelligence (AI) reinsurtech company, has announced another key hire in Bermuda, bringing onboard Kevin Copeland, an executive with collateralized reinsurance experience as its Chief Financial Officer (CFO).
Copeland had previously spent time working at insurance-linked securities (ILS) market facilitator Tokio Solution Management on the island, part of the Tokio Millennium Re company.
Kevin Copeland was most recently SVP Finance and Chief Investment Officer of James River Group Holdings, Ltd, a publicly traded insurance and reinsurance group, prior to which he was CFO of James River’s reinsurer.
Before that, Copeland spent his two years at Tokio Solution Management, with six years spent at Argo Group before it, the last four of which saw him as CFO of Argo Re.
He also has experience in investment management and analysis, as well as in auditing.
Copeland has worked in Bermuda since 1998 and his experience across reinsurance and ILS structures will be useful to Kettle as it builds out its platform there.
Kettle recently received a license as an Innovative Agent in Bermuda.
Commenting on this latest hire, Co-Founder and CEO Andrew Engler said, “Kevin’s appointment is at a pivotal moment in the development of Kettle. He brings relationships and expertise that will enable us to develop our financial and capital market strategy with deep knowledge and experience. We are all extremely excited to have him join us.”
Executive Chairman Nigel Mortimer added, “We’ve known and respected Kevin and his work for many years and we’re very pleased he’s joining our mission to help advance the market in data science and its use in pricing complex volatile risk. We believe the immediate future will see an acceleration of the integration of capital markets, modelling and (re)insurance and Kevin’s arrival will help us capitalise on our position as an agent of change.”
Kettle wants to enhance the understanding of catastrophe and climate risks with its advanced technological approach to modelling risks, aiming to becoming an intelligent source of underwriting risk for reinsurance capital providers as an MGA, starting with California wildfires.
Co-founder Nat Manning, the company’s COO, also commented, “Our investors share our vision that the latest advances in machine learning and data science can change the way society manages risk, making it more predictable and therefore more insurable.”
“Kettle has an extraordinary opportunity ahead of it to leverage its proprietary technology in the insurance and reinsurance markets. I am delighted to be joining the management team of Kettle at such an exciting point in the company’s development,” Kevin Copeland remarked on his hiring by the company.