Drew Aldrich has moved from AXA Strategic Ventures, where he was senior associate, to American Family Ventures where he has been appointed principal.

American Family Ventures, the strategic investment arm of US-based insurance firm American Family, has appointed Drew Aldrich as principal.

Aldrich moved from AXA Strategic Ventures, the corporate venturing vehicle for another insurer, AXA, where he was a senior associate for just over two years. He had been a director of France-headquartered AXA’s US subsidiary, AXA Equitable, since 2012.

American Family Ventures typically provides between $500,000 and $2m as a first investment, and seeks to fund insurance-related startups as well as…