WASHINGTON, DC – Fannie Mae (FNMA/OTC) announced today that it has executed its sixth and seventh Credit Insurance Risk Transfer™ (CIRT™) transactions of 2023. CIRT 2023-6 and CIRT 2023-7 in aggregate transferred $789 million of mortgage credit risk to private insurers and reinsurers. These transactions were brokered by Aon plc, a leading global professional services firm, and sub-brokered by certified minority business enterprise (MBE) Protecdiv.
With more than 20 years’ experience in the insurance, reinsurance and finance industries, Kael Coleman, founder and CEO at insurance and reinsurance brokerage firm Protecdiv, was well placed to share his entrepreneurship journey with students at the Fox School of Business at Temple University – the next generation of business leaders.
Ahead of next week’s National Minority Supplier Development Council 2020 conference, Protecdiv Chief Executive Officer Kael Coleman says it is vitally important that companies recognise the business benefits of having a diverse supply chain. He also urges companies to consider their insurance broker as an alternative opportunity to meet their supplier diversity goals.
Now, in many ways, is the perfect time for young people to come into the insurtech industry. A sector which not long ago had a real start-up mentality now has sufficient capital backing and momentum to drive meaningful change in the re/insurance industry. Those joining the sector now will be the future leaders of the insurance industry – one which is on the cusp of technology-driven transformation.
Launching a business always comes with its own challenges and when Protecdiv launched in 2020 it had no idea a global pandemic was on the horizon. In this blog CEO and Founder Kael Coleman discusses the businesses approach to supplier diversity, gives an update on the company over the past two years, and takes a look at 2022 goals.