XL Innovate, a Menlo Park, Calif.-based insurtech-focused venture capital firm, is promoting Chris Downer from associate to principal.
As part of his new role, 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, he has focused on insurtech investments in North America, Europe, and Asia, and led due diligence and deal sourcing for the fund.
Downer 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.
Prior to joining XL Innovate, Downer 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. He graduated magna cum laude from Dartmouth College.
Led by Tom Hutton, Managing Partner, XL Innovate has backed companies like Lemonade, Cape Analytics, and Slice Labs.