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XL Innovate Promotes Chris Downer to Principal


XL Innovate Promotes Chris Downer to Principal

PR Newswire

MENLO PARK, California, July 23, 2018 /PRNewswire/ -- XL Innovate, a leading insurtech-focused venture fund that has backed breakthrough companies like Lemonade, Cape Analytics, and Slice Labs, today announced it is promoting Chris Downer from associate to principal. As part of his new role, Chris Downer will help lead XL Innovate's venture investments globally into new categories within insurtech, including data and analytics, AI, and new insurance business models.

Since joining XL Innovate in 2016, Chris has focused on insurtech investments in North America, Europe, and Asia, and led due diligence and deal sourcing for the fund. Chris has served as a board observer at Pillar Technologies, an end-to-end environmental monitoring solution for construction sites, as well as Stonestep, which provides microinsurance as a service in emerging markets. He has also contributed to new ideas in the insurance technology industry, regularly speaking at conferences and on podcasts, dispensing the latest in insurtech news via a daily newsletter, and writing articles on the future of the space.

"Chris represents the next generation of venture investors who will help move the insurtech industry forward. He combines an extremely diligent work ethic, expertise in [the field of insurance technology, and the financial modeling and analysis underpinnings to support intelligent investment decisions and help build and scale successful ventures," said Tom Hutton, Managing Partner at XL Innovate.

Prior to joining XL Innovate, Chris worked in the alternative investments group at Goldman Sachs, in New York City and London, which managed $100+ billion in long-only equity and fixed income assets. Chris graduated magna cum laude from Dartmouth College.

About XL Innovate

XL Innovate is a venture capital fund focused on investing in companies that address the world's most complex risks with new technologies and products for the insurance industry. XL Innovate provides companies with equity capital, unparalleled experience in building new ventures in this specific space, and access to XL Catlin's global insurance expertise and underwriting. To learn more, visit


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