Insurance People Moves: Hippo, AXIS, and Allianz
It has been known within the industry for some time that Hippo is planning to go public in the near future. However, the announcement of several executive hires in recent weeks could indicate that ambition is closer than ever before to being realised.
Rich Primerano is the most recent of these; previously the CFO, COO, and Treasurer of Weston Insurance, he has taken on the mantle of Chief Risk Officer at Hippo. Reporting to Rick McCathron, President, Primerano will oversee corporate capital, reinsurance, and portfolio management practices to drive operational efficiency.
Allianz (AGCS) added a duo of new talent to its North American operations.
Robert Green has migrated from AGCS’ London team, where he was Underwriting Manager, to become the North American Regional Head of Professional Indemnity. Now with the company for over 10 years, Green’s journey started in 2010 when he joined as an Assistant Underwriter.
He holds a BSc in Investment Analytics and Insurance from Cass Business School (2006 to 2010).
Meanwhile, Rick Hornby has been brought on board to become Regional Product Lead for Financial Institutions in New York. He was previously VP at NFP and holds a BA in Mathematics (Rowan University) and an MBA in Finance (Seton Hall University).
“I’m excited to work with outstanding talent both from within and outside the AGCS organisation to help us further grow according to the New AGCS standards of technical excellence, client service and global synergies,” said Joe Caruso, Regional Head of Financial Lines, North America.
Specialty insurance provider AXIS actually took the step of creating a new role in its International Division when it decided to promote Keith Trivitt to Head of Commercial and Strategic Partnerships.
Now part of the company since 2016, Trivitt’s diverse previous experience includes VP of Marketing at Playbuzz, VP of Global Marketing and Comms at Matomy Media Group, and Associate Director at PRSA. In this new role, he will focus on maximising AXIS’ commercial opportunities and driving strategic growth.
“Keith has built a strong reputation within AXIS as a leader who embodies our values and culture, including an entrepreneurial mindset and a performance-driven approach,” commented Edward Ashby, Global Head of Distribution.
“He will play a key role in helping us expand the strategic growth pipeline for our International Insurance business, while building closer and deeper relationships with key customers across multiple lines of business.”
All images sourced for LinkedIn
Startup spotlight: SIMON adds Nationwide to its platform
Headquartered in New York, SIMON has a singular goal: transforming the digital experience for financial advisors and unlocking greater levels of service for their clients. It achieves this through:
- A comprehensive platform featuring a full suite of digital tools
- On-demand education
- An “intuitive” marketplace
- Real-time analytics
- Lifecycle management
The company’s fusion of cutting-edge tech with leading expertise is resulting in a new industry standard, one that is simplified, codified, and consolidated within a single ecosystem.
Creating value for financial advisors
At the time of writing, SIMON works with over 85,000 finance professionals who collectively manage more than US$3tn in assets.
The startup’s solutions include:
- Spectrum: A multi-dimensional framework that quantifies the risk profile of investments using five metrics - protection, upside, liquidity, simplicity, and history
- An investment platform: Featuring risk management tools, over 90 educational videos, inclusive product training, a compliance tracker, and more.
- Analysis tools
Furthermore, SIMON’s quality as an organisation is attested by both its awards (such as being listed among the NYC Annual Awards’ ‘Best Places to Work’ category) and the status of its investors. So far, these include Barclays, JPMorgan, Prudential, Goldman Sachs, HSBC, and others.
Another high-profile name has now been added to SIMON’s list of associations: Nationwide. The Fortune 100 US insurance firm has been added as a carrier to SIMON’s marketplace. Nationwide, which is almost a century old, is an ideal fit for an insurtech focused on delivering broad solutions and expertise in a rapidly evolving sector.
Protecting peoples’ financial futures
Regarding this latest partnership, Scott Beshany, Chief Distribution Officer at SIMON, said, “Nationwide has an incredible history of innovation and advocacy and we couldn’t be more thrilled to collaborate with their team and make their products available in our Marketplace.
“Both firms are strongly aligned in the value we seek to create for financial professionals. SIMON’s dedication to delivering intuitive technology that builds simplicity and transparency around annuity offerings supports Nationwide in its mission of helping people prepare for and protect their financial future.”
Craig Hawley, Head of Annuity Distribution at Nationwide, expressed similarly positive sentiments about the collaboration:
“Nationwide has a decades-long track record of incorporating smart technology into the financial professional’s day-to-day workflow. This is another big step forward in that effort, with a proven, innovative partner at our side.
“With SIMON’s platform, financial professionals can seamlessly integrate a range of annuities into their holistic planning process, creating greater efficiencies for their practice and a more comprehensive wealth management experience for their clients.”
Images sourced from respective companies