LONDON – 29 September 2020 – AkinovA announces ex-LCH.Clearnet CEO, Ian Axe, joins its extended Senior Advisor team. Ian has over 25 years of experience in Capital Markets, Private Banking and Asset Management in Europe, US, Asia and South Africa. Ian has a deep understanding of global market trading platforms, clearing houses and financial technology having been Group CEO of LCH.Clearnet, Global Head of Operation & EMEA COO at Barclays Capital. Prior to this advisory appointment, Ian was the CEO of Panmure Gordon, he has also held principal and executive roles at ABSA Capital and Booz.Allen & Hamilton. Ian began his Financial markets career at SBC Warburg.
Growth, Neutrality and Clearing:
Ian Axe said, “To deliver growth and serve their clients better, it’s inevitable that Re/insurance and Capital Markets industries will continue to work more closely together. To tackle changes in the risk landscape experienced by insureds globally, what is needed is a truly neutral and regulated industry venue where risks and capital can be matched on a marketplace, but where transactions are also cleared. AkinovA is creating that one-stop-shop. This combination will unlock the path to new products for enhanced climate resilience, to cover intangible assets which make around 80% of the world’s assets and create new opportunities to cover cyber risks and other dislocated lines of business. These are all rapidly growing risks which investors already own, today, within their PE, pension or other global funds. However, with neither any marketplace to transfer and trade those products to hedge their position, nor which allows them to be rewarded for holding those risks, it is about time that this be addressed. AkinovA is well placed to tackle this huge market opportunity.
Focus on Clearing Operations
Henri Winand, AkinovA CEO, commented “Post financial crisis, Ian transformed LCH.Clearnet in a changing regulatory market and grew its products and geographical footprint materially. In doing so, he worked with senior Central Bankers and Regulators across the US, Continental Europe and UK. Ian really understands how market trading platforms and clearing operations can create liquidity and trust between counterparties in a truly dynamic environment and how they are critical to unlock growth and create new products.”
Ian will remain in the UK. His primary focus will be to assist in the development of the AkinovA ecosystem of Capital Markets participants and regulators with a particular focus on AkinovA’s clearing operations and dynamic risk management needed to scale the business materially.
AkinovA is an independent electronic marketplace for the transfer and trading of re/insurance risk which is regulated in Bermuda. The marketplace is a regulated electronic environment where insurance and reinsurance risks can access new sources of capacity as well as increase the efficiency of transferring and trading re/insurance risks in the primary and secondary markets. AkinovA also offers re/insurance service providers an additional channel to share their models, data and expertise with market participants. AkinovA is working with the existing re/insurance value chain to grow the overall market.
AkinovA operates with the regulatory oversight from the Bermuda Monetary Authority (BMA), under AkinovA’s Insurance Regulatory Sandbox licence.