US parametric insurer and reinsurer NormanMax Insurance Holdings has appointed Nick Burkinshaw as chairman of the NormanMax Syndicate 3939 advisory board, supporting the company’s pure parametric global syndicate in the specialist Lloyd’s market.
Burkinshaw is a respected underwriting leader in the market, with more than 30 years of experience in the global insurance market. During his career, Burkinshaw served as active underwriter of Catlin Syndicate at Lloyd’s in 2003 and later as chief underwriting officer of Apollo Syndicate Management.
The company said the NormanMax Syndicate 3939 Advisory Committee was established to support the continued development and expansion of its parametric underwriting strategy. The board is expected to provide guidance on underwriting discipline, capital efficiency, portfolio management and long-term performance as the group’s global footprint continues to expand.
NormanMax added that the formation of the advisory board and the appointment of Burkinshaw as chairman reflect the company’s “commitment to combining innovation with proven underwriting expertise as it continues to expand its presence in the global insurance market.”
“Nick represents the underwriting discipline and market credibility that we believe is as important as scale in parametric insurance,” said Brad Meier, chairman and CEO of NormanMax Insurance Holdings. “His decision to serve as chairman of our syndicate advisory committee reflects the strength of our platform and future opportunities.”
“We are building a different type of insurance business that combines traditional rigorous underwriting with scalable, automated AI data-driven parametric solutions. Nick’s experience will be instrumental as we continue to grow.”
Burkinshaw commented: “NormanMax is building a product that is differentiated in the market. The combination of data-driven parametric solutions with Lloyd’s distribution creates a compelling platform for long-term growth.”
“I look forward to working with the team to continue developing a rigorous and scalable approach to underwriting.”
Through its Lloyd’s Syndicate 3939 and affiliated managing general agents, including NormanMax Insurance Solutions and FloodFlash, NormanMax is focused on delivering innovative risk transfer solutions across catastrophe and specialty risks globally.
