AkinovA hires Dennis Mahoney as senior advisor

Dennis Mahoney has joined AkinovA as senior advisor in Bermuda.

Mahoney is responsible for the development of the AkinovA ecosystem of re/insurance and broker participants, as well as the introduction of new products.

Mahoney has spent 50 years in the re/insurance industry. He has held various senior roles at Aon, including chairman of Aon Global, and was an independent director at Ironshore. He has also served as chairman of the World Insurance Network (WIN), as president of the Insurance Institute of London.

He advised the UK government as part of the Troika, established in the aftermath of the 9/11 New York terror attacks, to keep airports operational and airlines flying, and served at ACORD, the insurance industry standards body.

Mahoney said he shared the AkinovA vision of “creating the same deep and liquid market for re/insurance risk as those enjoyed by clients with currency, commodity and interest rate risks.”

He added: “Insurance markets have served customers well for hundreds of years, but the risk landscape has changed. Physical assets are no longer the principal exposure faced by the vast majority of businesses today. Indeed, by some measures traditional physical exposures are modest relative to volatile intangible exposures. As with most activities in today’s digital world, the insurance industry has been catapulted into a new age.”

Henri Winand, AkinovA's chief executive, said: “We have the right proposition at the right time. AkinovA's approach - to act as a one-stop-shop with integrated chat, document sharing, clearing services, price discovery, market animation analytics and third-party actuarial data, news and analytics - is truly powerful.”