Ben Jennings is new CEO of insurance platform Embroker
Embroker – a digital insurance platform that tailors complex insurance lines like D&O insurance, cyber insurance and professional liability insurance to specific industries – has named Ben Jennings as its new CEO.
It’s a step up for Jennings, who has spent the past four years as the San Francisco-based company Chief Revenue Officer. His appointment is the culmination of an “extensive search”, the business says, which has been ongoing since founding CEO Matt Miller stepped down on health grounds at the end of January.
Jennings brings almost three decades of experience into the top job at Embroker, including a deep technology background and expertise in scaling, streamlining and expanding businesses. He has occupied the CEO’s chair on an interim basis while the search for a replacement to Miller was underway, and now Embroker has decided that he is the right man for the job on a permanent basis.
Before joining Embroker in June 2019, he spent almost 16 years as EVP and CRO at ServiceSource, which provides managed services and cloud software solutions for B2B clients.
Embroker welcomes ‘strong and decisive’ leader Jennings
“I am immensely proud to lead the talented Embroker team and to continue transforming the insurance industry through technology innovations,” Jennings says. “Technology is the catalyst to bring Embroker into the next era of insurance for businesses. That’s why my first priority is further building our platform so we can innovate faster and better, meeting the needs of businesses where they’re going tomorrow – not just where they are today.”
“Over the years, Ben has proven himself a strong and capable leader for Embroker, making the board’s decision to elevate his role to CEO an easy choice,” proclaims Mike Vostrizansky, Partner at FTV Capital and Embroker board member. “Ben has a customer-centric mindset and clearly understands how to tailor our coverages to meet unique customer needs and to reduce friction in the process, making Embroker’s offering radically simple, fast, and easy to use.
“Additionally, his strong leadership capabilities and sharp decisiveness made it clear he is the best candidate to lead Embroker’s continued growth and execute our long-term vision. We’re excited to continue to work with Ben as he utilises our proprietary technology to supply the market with highly sought after, tailored industry-specific insurance coverages.”
It is also an interesting time for the companies that Embroker serves; a report from the company published back in April shows that startups want stronger insurance protection as searches for high-coverage quotes from startups showed a lack of confidence in the financial markets.
Embroker recently launched a new Excess Tech Errors and Emissions (E&O) product to make it easier for brokers to find excess coverage for insurtech E&O and cyber policies.
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