Ledger Investing hires Brad Fischtrom from AIG as Chief Operating Officer

Share

Ledger Investing, an insurance technology (insurtech) and insurance-linked securities (ILS) venture-backed start-up, has made a key hire in taking AIG’s Chief Risk Officer for North America General Insurance, Brad Fischtrom as its new Chief Operating Officer (COO).

brad-fischtrom-ledger-investingLedger Investing launched in 2016 with a goal to create a business-to-business marketplace for the securitisation of insurance risk, leveraging analytics and technology to enable greater transparency and understanding of risk and capital flows, to make a diverse range of risks more appealing to capital market investors.

The start-up welcomed Samir Shah, the ex-Head of Insurance Capital Markets at AIG, as its Chairman and CEO later that year and raised $5 million of seed funding in 2017 as it began its mission to enhance the way insurance and reinsurance companies fund their risks, using securitisation and technology.

Ledger Investing’s first transaction was an innovative direct securitization of a portfolio of non-standard passenger auto insurance, between an MGA and the AIG-owned insurance-linked securities (ILS) fund manager AlphaCat in early 2019.

Now, the start-up has made an important hire as it looks to leverage its technology platform to enable insurance and reinsurance companies to recognise capital efficiencies across portfolios of insurance risks, while delivering diversifying, stable returns for institutional investors that back the portfolios.

Brad Fischtrom spent 10 years with insurance giant AIG, focusing on enterprise risk management (ERM) and working his way up through the organisation to become Chief Risk Officer, North America General Insurance.

Prior to joining AIG, Fischtrom spent almost 3 years at Towers Watson, in a role again focused on ERM, before which he worked at Aon for 4 years, broking and managing books of business from across the insurance spectrum.

At Ledger Investing, as COO, Fischtrom will be tasked with leading the expansion of the start-ups operations, as it follows its mission to expand the ILS asset class through the use of technology, securitization and analytics.

———————————————————————
Artemis Live - ILS and reinsurance video interviews and podcastView all of our Artemis Live video interviews and subscribe to our podcast.

All of our Artemis Live insurance-linked securities (ILS), catastrophe bonds and reinsurance video content and video interviews can be accessed online.

Our Artemis Live podcast can be subscribed to using the typical podcast services providers, including Apple, Google, Spotify and more.

Print Friendly, PDF & Email

Artemis Newsletters and Email Alerts

Receive a regular weekly email newsletter update containing all the top news stories, deals and event information

  • This field is for validation purposes and should be left unchanged.

Receive alert notifications by email for every article from Artemis as it gets published.

Read previous post:
Hong Kong consults on rules to restrict ILS to qualified investors

The Government of Hong Kong continues to make progress on its mission to bring insurance-linked securities (ILS) business to the...

Close