Arbol Inc. (Arbol), today announced that Charlie Kornberger has joined the company as Chief Revenue Officer and Deputy CFO. He will oversee all revenue generating programs and operations for the company and its subsidiaries.
“We are excited to have an impactful financial services and banking executive of Charlie’s caliber joining Arbol’s ranks to help lead our next phase of growth as we look to continue rapidly expanding our overall franchise and product offerings,” said Siddhartha Jha, Founder and CEO, Arbol.
Charlie joins Arbol from Standard Chartered Bank, where he most recently served both as Global Head of Insurance Banking and Head of Financial Institutions for the Americas. Charlie successfully led large specialized businesses and leveraged client teams across multiple sub-sectors and geographies during his tenure. Charlie originally joined Standard Chartered in August 2013 as the bank’s Regional Head of Insurance Coverage for the Americas and previously held leadership positions with Credit Agricole Corporate & Investment Bank, Chase Securities, and Salomon Brothers.
Charlie has over thirty years of corporate and investment banking and senior leadership experience across financial markets, risk management, capital markets, M&A, asset management, insurance-linked securities, risk transfer solutions and transaction banking services.
“I’m thrilled to have joined the leadership team of Arbol, which is transforming the way climate risk is being actively managed,” said Charlie Kornberger.
Arbol’s footprint grew substantially in 2021 to include new industries such as maritime, leisure and renewable energy across regions including North America, Europe, and Australia. The majority of new business in 2021 was aggregated or transacted directly from smaller businesses who otherwise find it difficult or impossible to properly manage and hedge climate risk. The Arbol platform transacted $70 million in 2021, its second full year of live transactions.
The platform now covers a growing range of climate risk variables, including temperature, rainfall, wind speed, crop yield, and many more with customizable solutions available for businesses of any size globally.
Arbol is a FinTech company and climate risk solutions platform which leverages decentralized climate data, blockchain technology, and a unique AI underwriter to make weather coverage globally accessible, efficient, and transparent for underserved and underinsured businesses. Arbol offers parametric protection products and SaaS services globally. Clients are able to customize a coverage program and get live pricing in a matter of minutes and a few easy clicks directly through the Arbol platform. Contracts settle and payout automatically using objective, decentralized climate data and Ethereum smart contracts, bringing greater transparency and efficiency to the coverage process and enabling any business in the world with an internet connection to enroll.