Ki appoints Dan Hearsum as Managing Director

22-07-2020

London, United Kingdom, 22 July 2020: Ki, the first fully digital and algorithmically-driven Lloyd’s of London syndicate, launched in collaboration with Brit Limited (“Brit”) and Google Cloud, has today announced the appointment of Dan Hearsum as Managing Director. Dan will report into Mark Allan, CEO of Ki.

As Ki progresses towards launch in 2021, Dan will play a critical role in the management of Ki as it fulfils its ambition to redefine the commercial insurance market. Dan will lead Ki’s commercial strategy, deliver its underwriting plan and drive Ki’s relationships with key trading partners.

 

Dan joins Ki from Marsh JLT Specialty and has over 20 years of experience in the insurance industry, including in fostering digital transformation, having led the UK Specialty digital strategy at Marsh JLT Specialty, in addition to his role as Head of Placement for the Specialty business in the UK. Prior to Marsh, Dan was at Willis and started his career at C.E. Heath.

 

Mark Allan, Group CEO of Ki, commented: “Dan’s commercial experience and market relationships, combined with his track record in fostering digital change, means he’s perfectly placed to play an important leadership role at Ki. We have been clear of our ambition for Ki to play a central role in redefining the commercial insurance market and bringing a new age of innovation and efficiency. Building out a strong team is crucial if we are to deliver this and I look forward to working closely with him as we move towards our launch.”

 

Dan Hearsum commented: “Ki is a step-change for our industry, which has yet to experience the digital disruption of many other financial services sectors. I am delighted to be joining the team and I’m confident the broking community will be quick to embrace this new syndicate and the commercial benefits it will bring.”

 

The creation of Ki was first announced in May 2020. Ki will aim to significantly reduce the amount of time taken for brokers to place their follow capacity. Ki’s algorithm, developed with support from University College London, will evaluate Lloyd’s policies and automatically quote for business through an always available digital platform accessed directly by brokers.