Supply chain specialist Insurtech Parsyl has announced the opening of a London office and hired a team of marine cargo professionals to serve Lloyd’s open market via Parsyl’s Syndicate 1796. Joining Parsyl are Kristopher Kimble, director of Aon, Henry Wood, partner at McGill, and Ed Colclough, head of cargo, fine art and specie at AIG brand Talbot.

Parsyl offers insurance for perishable food and pharmaceuticals shipping by using supply chain data to identify and manage risk and reduce waste of essential goods. It insures goods in food, pharmaceuticals and life science industries as well as logistics participants within the perishable supply chain.

Gavin Spencer, head of insurance at Parsyl, said: “We’re thrilled to welcome Henry, Kris and Ed to the Parsyl team. Their knowledge and leadership will be instrumental in supporting our mission to better protect essential goods we all rely on. The expansion of Syndicate 1796 and Parsyl’s data-powered insurance offering is in response to a huge market need and will allow customers across all supply chain sectors to access the untapped potential of an integrated risk management and insurance solution.”

Earlier this year, Parsyl launched a US-based Managing General Underwriter (MGU), and expanded the scope of 1796, its impact-focused syndicate at Lloyd’s of London, to support global healthcare, perishable foods and pharmaceuticals. The syndicate was first created in response to the Covid-19 pandemic.

The London expansion builds on Parsyl’s existing suite of data-powered insurance solutions designed to lower risk and improve protection for perishable supply chains, and allows it to offer a full range of cargo and supply chain coverage.

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