M&A insurtech io.insure appoints APAC senior partner | Insurance Business Australia
io.insure, part of insurtech conglomerate POP Holdings Group, has appointed Ian Hutchinson (pictured above) as a senior partner in Asia Pacific (APAC).
The appointment will see Hutchinson at the helm of developing strategic partnerships that will support the expansion of io.insure’s digital platform Mio, an online M&A insurance marketplace for small and medium-sized business transactions.
Additionally, the role will see him lead distribution, sales, and product development.
Hutchinson has more than 15 years of experience across business development, M&A law, in-house counsel, product development, strategy, operations and general management roles.
Hutchinson has been based in Asia over the last six years and most recently served as the general manager of the Singapore business of Hyphen Group, one of the largest fintech companies in the Greater Southeast Asia region. The other roles he held at this company include general counsel and chief of staff. He has also practiced law as an M&A lawyer, spending time at the Dublin offices of law firms William Fry and Eugene F. Collins, part of Addleshaw Goddard.
“I am looking forward to working with the team at io.insure as the firm continues to experience well-deserved global success,” he said.
“Having worked in this space for some time I have seen first-hand the problem in finding appropriate and niche solutions in the SME M&A and broader specialty space.”
Hutchinson is based in Singapore but will work with io.insure’s team in Australia.
“Ian joins us at this exciting time as we develop new solutions to meet the needs of APAC’s growing SME M&A and financial lines insurance markets,” said Killian McDermott, io.insure co-founder and executive partner.
“Having recently launched Mio, the first global M&A insurance platform for SMEs, which was created to address the significant risk protection gap in the SME market, we have several other exciting initiatives planned for the region in 2023.”
“We are building a global ecosystem of clients, brokers, advisors, insurers and MGAs as commercial partners on the io.insure platform,” said io.insure co-founder and executive partner David Rogers.
“Our plan is to provide a platform for a full suite of specialty products.”
io.insure launched its online M&A insurance marketplace in Australia early last year, with McDermott hsvign said that the country’s well-developed M&A market offers a good opportunity for the platform to succeed.
“The offline M&A product has a lot of uptake in Australia so you’ve got a very experienced ecosystem when it comes to M&A insurance in general,” he said at that time.