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The launch is Chaucer’s first foray into the class. -
This publication revealed that the company was raising capital earlier this year.
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The broker has also appointed Charlie Liddle and Rowan Minhas to the team.
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It is understood that the InsurTech began fundraising late last year.
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The 30-strong segment will combine reinsurance and capital markets with data, analytics and technology.
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The coverage is designed to reduce the island’s obligation to the US Federal Emergency Management Agency.
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Mayer will manage a global centre of excellence for parametric products and report to Paul Schultz, CEO of Aon Securities.
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Guy Carpenter was the sole placing broker sourcing capacity for the tie-up.
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The parametrics pioneer said Ardonagh would bring additional capacity to clients with new solutions.
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Ibarra joins the climate risk-focused platform after more than six years as CEO of Global Parametrics, a London-based InsurTech.
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The product will provide $100mn in cover across eight countries at high risk of tropical cyclones.
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The executive will no longer serve as an officer and director of the program manager and its subsidiaries.
