Tom Hutton
Managing Partner @ XL Innovate
San Francisco, United States
Tom Hutton is a rare veteran in the insurtech venture community, and focuses on startups delivering new business models to the insurance industry. As an entrepreneur, a long-term insurtech venture investor, and a director in several successful insurance and financial technology companies, Tom’s career has been dedicated to risk management … evenwhen the risk was his own. In his mid-twenties, Tom owned a commercial fishing boat, grouped ten fishermen together and pooled their risk by buying insurance in excess of one major loss. In effect, he started a “pier to pier” insurance cooperative.After working as a Consultant at McKinsey and Company, Tom served for ten years as the first CEO of Risk Management Solutions, a pioneer and global leader in providing risk modeling software, data and analytic services related to catastrophic risks to the insurance industry. His insurance career continued as CEO of White Mountains Re and board director of several insurance and reinsurance companies including XL Group, Safeco, Montpelier Re, Centre Cat, and Palomar Specialty.In 2011, Tom founded New Energy Risk in partnership with XL Group. Tom served as CEO until the founding of XL Innovate in 2015, and currently serves as chairman. New Energy Risk addresses opportunities to apply insurance to support the development and financing of clean technology and renewable energy solutions and infrastructure, through an innovative form of insured technology performance.Tom currently serves as a board director at several private and venture-backed companies including SoFi, a leading fintech company redefining consumer lending and financial services; Lemonade, a revolutionary personal lines insurance carrier; and Slice Labs, a provider of on-demand insurance in the sharing economy. Tom’s investments at XL Innovate also include Embroker, a tech driven commercial distribution company that is radically improving how mid-sized businesses buy and manage insurance coverage. Tom earned his BA in Economics and MS in Mechanical Engineering from Stanford University and his MBA from Harvard Business School. Tom is involved in several non-profit organizations with an emphasis on secondary school education and environmental issues. He recently served for several years as the President of Trustees at Phillips Exeter Academy, in New Hampshire.
- Total investments:
- 10
- Last investment:
- Lead investor:
- 50%
Last updated:
For AI agents: llms.txt
Industries Tom Hutton invests in
Stages Tom Hutton invests in
Countries Tom Hutton invests in
Investment Focus
Industry
- Insurance 4 (40%)
- FinTech 3 (30%)
- InsurTech 3 (30%)
- Financial Services 3 (30%)
- Analytics 2 (20%)
Stage
- Series A 4 (40%)
- Series B 3 (30%)
- Seed 1 (10%)
- Series C 1 (10%)
Country
- United States 4 (40%)
- Israel 1 (10%)
Investments
| Company | Description | Round | Links |
|---|---|---|---|
MoCaFi
|
MoCaFi is a developer of a personal finance platform designed to leverage mobile technologies, data analytics, and strategies to improve the financial behaviors of underbanked communities. The company's platform offers financial products and services in the areas of check cashing, custom loans, debit cards, financial literacy, data analytics,and personal finance via its mobile application and financial card, enabling users to check their balance, cash their paychecks and send money safely at no extra cost. | $23.5M / Series B / May 30, 2023 | |
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MoCaFi
|
MoCaFi is a developer of a personal finance platform designed to leverage mobile technologies, data analytics, and strategies to improve the financial behaviors of underbanked communities. The company's platform offers financial products and services in the areas of check cashing, custom loans, debit cards, financial literacy, data analytics,and personal finance via its mobile application and financial card, enabling users to check their balance, cash their paychecks and send money safely at no extra cost. | $12M / Series A / Feb 12, 2021 | |
Embroker
|
Embroker is the easiest way to intelligently ensure any business. By pairing technology and broker expertise, Embroker helps growing businesses save time and find the best value on the right coverage.As the leading digital insurance brokerage, Embroker is working to massively improve the $800 billion property and casualty (P&C) insurancemarket. Headquartered in San Francisco, we have offices in Chicago and Boston and customers in all 50 states. | $28M / Series B / Dec 01, 2018 | |
Slice Labs
|
Slice Labs is the insurance engine behind tomorrow’s cloud-based, on-demand digital services ecosystems for the new economy. Through Slice’s Insurance Cloud Services (ICS) platform, Slice is enabling insurers, technology companies, and other service providers to build truly intelligent and intuitive, pay-as-you-go digital insurance productsprotecting the insured anytime and anywhere. Slice is licensed in the US and the UK, and recently launched in Asia Pacific. | $20M / Series A / Sep 26, 2018 | |
Windward
|
WWindward is the leading Predictive Intelligence company fusing AI and big data to digitalize the global maritime industry, enabling organizations to achieve business and operational readiness. Windward’s AI-powered solution allows stakeholders including banks, commodity traders, and major energy and shipping companies, to make real-time,predictive intelligence driven decisions, with a 360° view of the maritime ecosystem and its broader impact on safety, security, finance, and business | $16.5M / Series C / Jul 01, 2018 | |
|
Slice Labs
|
Slice Labs is the insurance engine behind tomorrow’s cloud-based, on-demand digital services ecosystems for the new economy. Through Slice’s Insurance Cloud Services (ICS) platform, Slice is enabling insurers, technology companies, and other service providers to build truly intelligent and intuitive, pay-as-you-go digital insurance productsprotecting the insured anytime and anywhere. Slice is licensed in the US and the UK, and recently launched in Asia Pacific. | $11.6M / Series A / Oct 05, 2017 | |
Lemonade
|
Lemonade operates as a full-stack insurance company powered by AI and behavioral economics and driven by social good. It is a licensed insurance carrier, offering homeowners and renters insurance. Lemonade replaces brokers and bureaucracy with bots and machine learning, delivering zero paperwork and instant everything. The company uses artificialintelligence and behavioral economics to set rates for the homes and renters it insures. Lemonade was founded in Tel Aviv, Israel, in 2015 and is headquartered in New York, NY, United States. | $34M / Series B / Dec 05, 2016 | |
|
Lemonade
|
Lemonade operates as a full-stack insurance company powered by AI and behavioral economics and driven by social good. It is a licensed insurance carrier, offering homeowners and renters insurance. Lemonade replaces brokers and bureaucracy with bots and machine learning, delivering zero paperwork and instant everything. The company uses artificialintelligence and behavioral economics to set rates for the homes and renters it insures. Lemonade was founded in Tel Aviv, Israel, in 2015 and is headquartered in New York, NY, United States. | $13M / Series A / Aug 23, 2016 | |
|
Embroker
|
Embroker is the easiest way to intelligently ensure any business. By pairing technology and broker expertise, Embroker helps growing businesses save time and find the best value on the right coverage.As the leading digital insurance brokerage, Embroker is working to massively improve the $800 billion property and casualty (P&C) insurancemarket. Headquartered in San Francisco, we have offices in Chicago and Boston and customers in all 50 states. | $12.2M / Series A / May 17, 2016 | |
|
Slice Labs
|
Slice Labs is the insurance engine behind tomorrow’s cloud-based, on-demand digital services ecosystems for the new economy. Through Slice’s Insurance Cloud Services (ICS) platform, Slice is enabling insurers, technology companies, and other service providers to build truly intelligent and intuitive, pay-as-you-go digital insurance productsprotecting the insured anytime and anywhere. Slice is licensed in the US and the UK, and recently launched in Asia Pacific. | Seed |
Co-Investors
About XL Innovate
We help create new ventures that can provide innovation and meaningful positive impact on the global insurance industry. We invest capital, energy, experience-based expertise, and the substantial resources of our limited partner, XL Catlin.XL Innovate backs entrepreneurs who are creating companies that can achieve significant scale and marketimpact. We focus on the property & casualty sector, and typically invest in the following three categories: (1) Startups we create in-house, to address emerging and underserved risks; (2) Disruptive new insurance models; and (3) Data and analytics companies with high value insurance applications.
XL Innovate Contacts
| Name | Phone | Socials | |
|---|---|---|---|
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Tom Hutton
Managing Partner
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Chris Dougherty
Director
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Martha Notaras
Partner
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2 more contacts available
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FAQ
What does Tom Hutton invest in?
Tom Hutton invests primarily in Insurance, FinTech and InsurTech startups, most often at Series A and Series B stage. Most of the 10 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.
When did Tom Hutton last invest?
The most recent investment recorded for Tom Hutton closed in May 2023. Shizune tracks 10 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.
Is Shizune's investor data accurate?
Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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