Joyn Insurance Announces Jim Hackbarth as First Independent Director in Sign of Momentum from Fast-Growing Insurtech Startup
Insurance technology company Joyn Insurance announced today that insurance industry executive Jim Hackbarth would be joining Joyn’s board as its first independent director. Hackbarth was most recently President and CEO of Assurex Global, the world’s largest privately held risk management commercial insurance brokerage group which generates more than $30 billion in revenue to the insurance industry.
“We are honored that Jim Hackbarth has agreed to join our Board of Directors,” said Joyn CEO Seraina Macia. “Jim brings an extensive history in the insurance industry and his expertise will be a major asset as Joyn positions itself for a strong growth phase. His longstanding relationships with carriers, reinsurers, and brokers will also be instrumental in our future as a company and his deep knowledge of every corner of the insurance industry will be an invaluable resource for our board.”
“I could not be more pleased to continue witnessing the growth of Joyn Insurance and am truly honored to have been asked to serve on its Board of Directors,” said Jim Hackbarth. “I have known Seraina Macia for over 15 years and have the utmost respect for her successful journey and impact across the insurance industry. The team she has assembled represents some of the industry’s best talent and their vision for the future of insurance is spot on, as evidenced by the strong capital partners who are investing in Joyn’s future. It is exactly what the industry needs and exactly what brokers have long been seeking—both of which are the main ingredients in the recipe for success.”
“If you aren’t yet working with Joyn, you should get in touch with them immediately as they are truly the future of this industry,” Hackbarth continued.
In January, Joyn announced $17.7 million in Series A funding led by OMERS Ventures with participation from Avanta Ventures, ManchesterStory, Cohen Circle, SiriusPoint, and several private individual investors.
Launched in July 2021, Joyn Insurance integrates insurance, data and technology expertise, providing a faster, more accurate and more transparent experience that saves time, costs and frustration. This integration makes Joyn unique within the E&S space as it offers an industry-leading underwriting and workflow platform for the fastest and easiest-to-bind coverages for the market.
Since entering the market, Joyn has bound more than 500 policies with approximately 80 trading partners, covering more than 300 insureds. Today, Joyn offers E&S coverage for property, general liability and excess for companies across more than 700 NAICS codes in 36 states and Washington, D.C.
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