Parsyl appoints Simon Coles as new Head of Capital

Parsyl, an insurer for essential supply chains, has announced the appointment of Simon Coles as Head of Capital.

In his new capacity, Coles will oversee all aspects of capital, financial management, and syndicate performance for Parsyl.

Ben Hubbard, CEO of Parsyl, expresses his enthusiasm for Coles’ appointment, stating, “Parsyl is entering a new stage of scale and maturity on the heels of significant growth.

“We’ve worked closely with Simon for several years as our reinsurance broker, and we’re thrilled to have him bring his immense technical expertise, market knowledge and problem-solving mindset to building out these critical capabilities within the company.”

Leveraging over 20 years of experience in the reinsurance sector, Coles brings a wealth of expertise in capital planning, risk modelling and exposure management.

Before joining Parsyl, he served as Partner, Reinsurance at McGill and Partners for over three years. Prior to that, he worked as a Reinsurance Broker at reputable firms such as Aon and Willis Re.

Sharing his excitement for his new position, Coles says, “I hugely enjoyed working with Parsyl as a client. Their mission, their culture and their technology capabilities clearly excited everyone who worked there. The opportunity to join the team and to help them continue to grow is an opportunity not to be missed.”

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