Insurtech Trace Isys appoints new CEO
Insurtech Trace Isys has appointed Simon Howden as chief executive officer (CEO) of the company.
At the same time the company said that Trace's previous boss Julian Mancell Smith will step down but continue to work at Trace and serve on the board of directors, assisting with a smooth transition for Trace, the staff and clients.
Trace has been providing business-critical solutions to the insurance market for more than 30 years. The company is working with the London Market Target Operating Model (TOM) modernisation programme with Lloyd's, and supports leading brokers such as JLT Re, Miller, Guy Carpenter, Capsicum Re and UIB, according to a statement.
Howden has worked for Trace for the last 17 years. He started as an analyst programmer, then as business analyst, and finally as a director focused on business analysis, quality assurance and account management. Prior to joining Trace, Howden worked for a number of software houses in the Life Assurance, Medical Insurance and Retail sectors.
Mancell Smith said: “I have thoroughly enjoyed my time as Managing Director of Trace and I am pleased that Simon is taking on this new role as CEO. It has been an exciting few years, focusing on the delivery of our OpenTWINS offering, which has been particularly well received by brokers as an international platform that enables them to establish a global brand and provide consistency of service worldwide.
“I am certain that Simon will be a great success and I look forward to giving him every support, as he continues to build on our successes and drive Trace’s growth, both in London and internationally.”
Howden added: “We operate in an exciting and challenging market and I look forward to driving the continued development of the business within this evolving sector. I am grateful to Julian for his leadership over the past 9 years and look forward to continuing our work together.
“Looking ahead, we have exciting plans over the next 5 years, including increasing our global footprint, continuing to invest in our market-leading OpenTWINS product suite and other solutions that will improve efficiencies, minimise operational risk, reduce cost and drive growth for our clients.”
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