Bermuda-acclaimed Mike McGavick takes on a new role as chairman and strategic adviser of a new kind of company.

The former chief executive of XL Group (now Axa XL) and former chairman, president, and CEO of Safeco Insurance, now joins mea Platform, the company that says it is transforming how insurance organisations manage the flow of critical information.

Mr McGavick has been recognised as the Bermuda Insurance Institute's (Re)insurance Person of the Year, The Review Magazine’s Industry Personality of the Year and Reactions Magazine’s Insurance CEO of the Year.

He has also been the chairman of the Association of Bermuda Insurers and Reinsurers, The Geneva Association and the Global Reinsurance Forum.

Today, he is co-chair of the operating board of directors at Bridgewater Associates, the world’s largest hedge fund.

A recognised leader in global insurance, his new role is a natural for his career path.

The company said: “mea Platform was built to solve one of the insurance industry’s most costly and entrenched problems: finding maximum value in the massive amounts of unstructured data and critical information locked inside proprietary formats and legacy systems.

“Rather than forcing expensive, years-long transformation efforts, mea leverages proprietary and mass-market large language models, including GenAI and Agentic AI workflows, to extract and adapt data from any source, enabling seamless flow across submissions, placements, claims and more.”

Mr McGavick has earned a reputation for reshaping organisations and advocating for industry-wide improvements.

He commented: “I’ve spent my career helping this industry evolve, and one of the most persistent obstacles has always been value from data.

“The (re)insurance industry has spent untold millions to use the data it has, structuring and confirming it, with frustration and nowhere near the promised outcomes.

“And painfully, these efforts are combined with the false promise of tech solutions that never quite deliver.

“mea is different. It solves the core problem by finding the maximum from existing data in nearly any format, out of the box. This platform works; and it works now. That’s why I’m excited to help bring its impact to more companies across the (re)insurance space.”

mea’s platform delivers measurable business benefits from Day 1. Clients have reported submission processing in minutes, a 75 per cent improvement in speed to quote, a 10 per cent increase in quote-to-bind conversion, and a 40 per cent uplift in underwriter productivity, while reducing expenses by up to 65 per cent.

Martin Henley, CEO of mea Platform, commented: “Mike’s track record of strategic leadership, growth acceleration, and industry advocacy is unmatched. His insights will be invaluable as we continue building momentum in insurance and expand mea’s reach into adjacent sectors where the same fundamental information problems exist.”

The company added: “Trusted by leading global carriers, mea has maintained a 100 per cent client retention rate since launch.

“With McGavick’s appointment, mea Platform reinforces its commitment to removing friction from insurance information flow, helping businesses move faster, operate smarter and grow more profitably.”