Denver - CO -- September 28th - Parsyl, a data-powered insurer for essential supply chains, today announced that Edward Mishambi, SVP and Chief Risk Officer- Europe at RenaissanceRe, will join its board as an independent non-executive director. Parsyl also named its Chief Insurance Officer Gavin Spencer as the new Active Underwriter of Syndicate 1796, it’s mission-focused Syndicate-in-a-Box at Lloyd’s. The announcements build on Parsyl’s recent London talent acquisitions and insurance business expansion, and align with the official opening of Parsyl’s London office on September 26th.
As the only integrated risk management and cargo insurance solution on the market, Parsyl uses granular data to help customers mitigate, manage and insure complex supply chain risks faced by perishable goods. Parsyl’s insights and coverages have helped clients significantly reduce waste, avoid losses and generate insurance savings based on the data they collect.
“Parsyl sits at the intersection of my passions: insurance and technology as forces for good, and growth and prosperity for the people of Africa. I will proudly advise Parsyl on cutting edge risk analysis and processes as they rapidly grow their business and create positive social impact,” said Edward Mishambi, Parsyl board member and SVP and Chief Risk Officer- Europe at RenaissanceRe.
“Parsyl insures clients against risk, while helping them reduce it. Edward’s risk expertise will be instrumental in ensuring we are using the very best practices as we grow our business. His deep commitment to Africa, and using insurance and technology to support equitable growth and trade in developing countries aligns with Parsyl’s founding mission and we’re thrilled to welcome him to the board,” said Ben Hubbard, Co-Founder and CEO, Parsyl.
Parsyl is a Lloyd’s Coverholder and owner of Syndicate 1796, the first mission-driven syndicate at Lloyd’s. Parsyl’s products include ColdCoverTM, a suite of connected cargo insurance products, including the industry’s first parametric temperature policy, and the Global Health Risk Facility dedicated to insuring the complex distribution of vaccines and other health commodities around the world. Parsyl and Lloyd’s were recently recognized with the 2021 Insurance Innovation of the Year award from the European Risk Management Association.
Parsyl’s London office, located in the heart of the insurance community, has officially opened its doors with a London-based team of underwriting leaders including Kristopher Kimble, Henry Wood and Ed Colclough. Gavin Spencer, Parsyl’s Chief Insurance Officer who joined Parsyl last year, has been named Active Underwriter of Syndicate 1796.
Background on Edward Mishambi
Mr. Mishambi joined RenaissanceRe in 2009 and is currently a Senior Vice President and the Chief Risk Officer- Europe. As part of his responsibilities, Mr. Mishambi is responsible for leading, developing, implementing, and maintaining RenaissanceRe’s European risk management framework. In addition, Mr. Mishambi leads the activities related to risk and capital reporting to rating agencies, including maintaining rating agency relationships across RenaissanceRe’s owned and managed balance sheets. Prior to joining RenaissanceRe, Mr. Mishambi worked at PricewaterhouseCoopers (PwC) in Bermuda and with Deloitte in East Africa. He attended Mansfield College, Oxford University as a Rhodes Scholar. He also holds a BSc (Honors) in Quantitative Economics from Makerere University and is a Fellow of the Association of Chartered Certified Accountants (FCCA).
About Parsyl
Parsyl is a fully integrated, data-powered insurer for essential supply chains. Our vision is to build a world where everyone, everywhere can trust the quality of goods they rely on, from the foods they eat to the medicines they need. Parsyl’s combined IoT and software solution helps customers understand, mitigate and insure risks to goods as they move through the supply chain, both in transit and storage. Customers have the option of using Parsyl’s proprietary sensing devices or can integrate their own devices or data feeds with the Parsyl platform. Parsyl is headquartered in Denver, USA with an office in London, England and can be found at parsyl.com or @ParsylHQ.
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