Eos Venture Partners, the venture capital fund focused exclusively on insurtech, has hired Zach Powell as general partner based in Southern California.
Powell brings deep industry experience to Eos as he has spent the majority of his career as a principal investor in the financial services sector with a focus on insurance.
He has joined EOS from AXIS Capital, where he was managing director of the partnership and venture investing arm.
Prior to AXIS, Powell was a vice president at Swiss Re’s Principal Investments, where he was focused on buyout and growth equity investments in financial services throughout the Americas. He started his career in investment banking advising insurance companies.
Commenting on the appointment, Eos founding general partner Jonathan Kalman says: “Zach is one of the leading investors in the insurtech sector and we are delighted to welcome him to our growing team.”
“The insurance industry is on the cusp of fundamental digital disruption and Zach will play a leading role to identify and invest in the brightest and the best of these new businesses. Eos intends to positively impact the lives of over half a billion people over the next decade. We believe that closing the protection gap is our biggest opportunity, making insurance better, more affordable and accessible.”
Powell adds: “I am excited to join Eos as the company expands the business to continue to capitalise on insurtech investment opportunities around the world.”
“Eos is a unique venture capital fund that combines deep understanding of the insurtech sector with sophisticated knowledge of the insurance value chain. Eos has a strong track record of backing leading insurtech entrepreneurs and supporting them as the businesses scale.”
Launched in 2016, Eos invests in early and growth-stage technology businesses that accelerate innovation and transformation across the insurance industry and value chain. The fund has offices in London and New York, and affiliates in Europe, Asia and the Middle East.
The fund’s investments include Ticker, CyberSmart and Player’s Health.