NEW YORK--(BUSINESS WIRE)--John Butler, Head of Cohen & Company’s U.S. Insurance Asset Management Platform and Global ILS Program has joined Kovrr’s advisory board.
John will advise Kovrr on its continuous global expansion, providing cyber risk modeling solutions for insurance and risk professionals.
“As the cyber insurance market grows and matures, it demands additional capacity. Alternative financial vehicles such as ILS must support this need. Cyber catastrophe bonds will be a major growth driver for both, but productization depends on progressive approaches to modeling portfolio cyber risk.” said John Butler, “Kovrr’s advanced data harvesting and modeling technologies enable the market to financially quantify portfolio cyber risk and provide investors the needed confidence for supporting these products.”
Yakir Golan, CEO of Kovrr, said “We’re excited to have John on board. The market is constantly looking for new ways to diversify risk. Cyber is a great candidate. John brings a wealth of experience in both launching and growing ILS and reinsurance products. John’s knowledge and expertise will help Kovrr’s clients and partners introduce innovative financial products with best in class cyber risk portfolio modeling capabilities.”
John has over 20 years of ILS and reinsurance market experience. Prior to joining Cohen & Company, John was Managing Partner at insurance and reinsurance linked investment management firm Twelve Capital. Additionally, John is President and Chief Executive Officer of Insurance Acquisition Corp.(NASDAQ: INSU), a blank check company formed for the purpose of effecting a business combination with a primary focus in the insurance, reinsurance or insurance related services sectors.
Kovrr’s cyber risk modeling platform delivers global (re)insurers transparent, real-time data-driven insights into their affirmative and non-affirmative single, accumulated and catastrophic cyber risk exposures.
The Kovrr platform is designed to help underwriters, exposure managers and catastrophe modelers understand, financially quantify and manage cyber risk by utilizing AI-powered risk models.
For more information: www.kovrr.com