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The company looks to digitise commercial insurance broking.
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Tetlow left Hiscox in December 2018 after 13 years in Bermuda.
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Andrew Shaw will take the reins at the Valar Ventures-backed company.
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Twelve start-ups will join the accelerator program, with two focusing on Lloyd’s specifically and the other 10 on market-wide solutions.
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Ferber was previously chief information officer at ICAT.
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The company has raised £4.2mn so far.
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The EQT Ventures-led investment takes the InsurTech's funding to date to about $40mn.
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Founding CEO Daniel Schreiber said InsurTech firms were “better at the art and science of underwriting risk” than traditional carriers.
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The InsurTechs are promising to launch more collaborations across fintech.
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The funding round was led by VC funds Anthemis Group and Menlo Ventures, bringing total funding to $4mn.
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The InsurTech is planning to open European headquarters in Amsterdam after landing $300mn in funding round.
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Latest funding round brings total financing raised to $42mn.
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