Skyline has appointed former Charles Taylor CEO David Marock to its board.
The firm announced in a statement that Marock will support the executive team as they continue to grow the UK business and scale into a leader in the parametric space, worldwide.
This strategic appointment follows Skyline’s recent additional $1.75m in funding from West Hill Capital, a specialist corporate finance and VC firm, which brought the total raised to $3.5m. The funding is to support the next stage of Skyline’s product development, team expansion, and sales growth, for risks worldwide.
Laurent Sabatié, Co-founder and Executive Director of Skyline Partners, said: “Skyline is committed to scaling the business fast and working collaboratively across the industry with re-insurers and brokers to do so. David’s connections and expertise will be hugely additive in the process.”
Skyline has developed and launched several parametric products with a wide variety of applications, including natural disasters for financial institutions, cost of violence for SMEs, and climate risks for agriculture, such as the recent innovative deal developed for Howden, with Munich Re’s capacity, to protect Jamaican farmers.
Marock said in a statement: “I am excited to join Skyline and work with Gethin, Laurent, and the team to unlock the full potential of parametric insurance. Skyline is laser focused on creating innovative solutions that can plug protection gaps, worldwide, as an MGA, as a parametric structuring agent for complex and innovative deals for brokers and insurers, and lastly as a software provider for tech-enabled parametric solutions, with its INSDEX platform, a proprietary geospatial intelligence technology.”
