Today the blockchain insurance joint venture
B3i announced the appointment
John Carolin as the new CEO. Carolin was formerly the CFO and has been acting CEO since March when he replaced founding CEO Paul Meeusen. Meeusen continues as an adviser to the board. Swiss-headquartered B3i is owned by 16 major insurers and Japanese fintech investor SBI.
“John has a unique blend of experience working with both corporates and startups, which the Board of Directors and I believe makes him ideally suited to lead the new B3i,” said Antony Elliott, Chairman of the Board of B3i. “He has demonstrated as interim CEO that he understands both the insurance market and how to deliver a compelling product.”
Apart from Carolin’s startup experience, one has to wonder if
B3i’s funding contributed to the change at the top. The funding was targeted to raise $200-$300 million, but so far, $22 million has been raised. That’s still a reasonable amount, just well short of the goal. From an investor perspective investing smaller chunks more regularly helps to keep a startup on its toes.
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