Tom Hutton

Tom Hutton is a rare veteran in the insurtech venture community, and focuses on startups delivering new business models to the insurance industry. As an entrepreneur, a long-term insurtech venture investor, and a director in several successful insurance and financial technology companies, Tom’s career has been dedicated to risk management … even when the risk was his own. In his mid-twenties, Tom owned a commercial fishing boat, grouped ten fishermen together and pooled their risk by buying insurance in excess of one major loss. In effect, he started a “pier to pier” insurance cooperative.

After working as a Consultant at McKinsey and Company, Tom served for ten years as the first CEO of Risk Management Solutions, a pioneer and global leader in providing risk modeling software, data and analytic services related to catastrophic risks to the insurance industry. His insurance career continued as CEO of White Mountains Re and board director of several insurance and reinsurance companies including XL Group, Safeco, Montpelier Re, Centre Cat, and Palomar Specialty.

In 2011, Tom founded New Energy Risk in partnership with XL Group. Tom served as CEO until the founding of XL Innovate in 2015, and currently serves as chairman. New Energy Risk addresses opportunities to apply insurance to support the development and financing of clean technology and renewable energy solutions and infrastructure, through an innovative form of insured technology performance.

Tom currently serves as a board director at several private and venture-backed companies including SoFi, a leading fintech company redefining consumer lending and financial services; Lemonade, a revolutionary personal lines insurance carrier; and Slice Labs, a provider of on-demand insurance in the sharing economy. Tom’s investments at XL Innovate also include Embroker, a tech driven commercial distribution company that is radically improving how mid-sized businesses buy and manage insurance coverage. Tom earned his BA in Economics and MS in Mechanical Engineering from Stanford University and his MBA from Harvard Business School. Tom is involved in several non-profit organizations with an emphasis on secondary school education and environmental issues. He recently served for several years as the President of Trustees at Phillips Exeter Academy, in New Hampshire.

Tom Hutton is the Managing Partner at XL Innovate, based in United States, North America. With a background in InsurTech, Tom Hutton has a rich history of leadership and innovation. Tom Hutton studied Bachelor Economics @ Stanford University. Explore their detailed professional journey, key connections, and contributions to the industry on our platform.