Ledger Investing adds Hancock (ex-AIG CEO) to Board, hires Rajiv Punja as CIO

Ledger Investing adds Hancock (ex-AIG CEO) to Board, hires Rajiv Punja as CIO

Journal Investing, the insurance technology (insurtech) and insurance-linked securities (ILS) focused venture-backed company, has selected previous AIG CEO Peter Hancock to its Board of Directors and also hired ILS executive Rajiv Punja as its Chief Investment Officer.Hancock has high-profile and substantial experience got throughout the banking, reinsurance, capital and insurance markets sectors.
Hancock acted as President and Chief Executive Officer of AIG considering that September 2014, having previously been the international insurance groups CEO of AIG Property Casualty.
He signed up with AIG in 2010 as Executive Vice President, Finance, Risk, and Investments, prior to which he worked at JP Morgan as CFO and Chief Risk Officer and led its Fixed Income and Derivatives services for over twenty years. He had actually likewise served as Vice Chairman at KeyBank.
Samir Shah, Ledger co-founder, and CEO commented, “We are extremely fortunate to have Peter offering assistance on our board as we basically reshape the value chain that connects insurance risk to investors.
” Peters deep insurance coverage and capital markets experience and ability to draw insight from a variety of additional disciplines are exactly what Ledger requires at this point in its growth. We are grateful and fired up to engage with Peter as we continue to grow the insurance coverage securitization market.”
Hancock commented on his appointment, “I am excited to help Ledger Investing simplify the circulation of insurance risk transparently to investors who are seeking efficient methods of diversification.
” I have actually pondered the capacity for securitization of insurance danger for almost 25 years, and I am pleased to have found the ideal platform to provide a substantial growth of the asset class. Samir has actually assembled a first-class group that integrates deep insurance market knowledge with imaginative product development and technical acumen.”
Hancock is a very senior addition to the Ledger Investing Board and will bring the company experience and gravitas through his extensive market knowledge and connections.
Journal has also made a new hire to its senior executive team, in appointing skilled ILS market executive Rajiv Punja as its Chief Investment Officer (CIO).
Punja had actually most recently been the CEO and Founding Principal of the Credit Suisse Insurance Linked Strategies backed Lloyds distribute Arcus 1856.
Prior to his time leading Arcus Syndicate 1856, Punja has actually worked at Credit Suisse Insurance Linked Strategies as a Vice President, underwriting reinsurance, helping the asset manager as it broadened its ILS operations to include rated reinsurance carriers and investing in ILS instruments across the collateralized reinsurance and securitized variety of products, such as disaster bonds and market loss warrants (ILWs).
In September 2020 Ledger Investing revealed raising a $10 million Series A round, with the financing set to assist it scale-up its platform, with an objective of widening the world of insurance coverage securitization.

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