McGavick joins mea board as chairman and strategic advisor

Mike McGavick has been appointed board chairman and strategic advisor at mea Platform, an AI technology company focused on insurance data and operations.

The Bermuda-based insurtech said McGavick’s appointment would support its next phase of growth as it scales its platform across the insurance market.

McGavick (pictured) is the former CEO of XL Group, now part of AXA XL, and previously held the roles of chairman, president and CEO of Safeco Insurance.

He has also chaired both the Geneva Association and the American Insurance Association, and currently serves as co-chair of the operating board of directors at Bridgewater Associates.

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

“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 current 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.”

The company said its platform uses large language models, including generative and agentic AI, to extract and adapt data from legacy and proprietary formats.

The firm said clients had seen measurable benefits from first use, with submission processing in minutes, a 75% improvement in speed to quote, a 10% increase in quote-to-bind conversion, a 40% uplift in underwriter productivity, and expense reductions of up to 65%.

Martin Henley, CEO of mea Platform, said: “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.”