Several insurance companies have recently made important leadership changes to boost their growth and adapt to the evolving market.
IMS, a company specializing in telematics and connected insurance solutions, has appointed Sean Farrelly as its new vice president of sales for the Americas. Farrelly, who has a strong background in the industry, previously worked at Arity and LexisNexis Risk Solutions. He will report to David Lukens, the senior vice president for North America. His appointment comes at a time when IMS is expanding internationally and adding new insurer accounts. Farrelly is based in Connecticut and aims to leverage the company’s recent successes, including awards and partnerships, to further grow the business. Lukens emphasized that Farrelly will focus on developing strategic accounts in North America, which is crucial for the growth of usage-based insurance products.
In another significant move, Coalition, a digital risk prevention insurance provider, has named Maha Virudhagiri as its first chief technology officer. Virudhagiri will oversee the company’s engineering, IT, information security, data, and artificial intelligence initiatives. Reporting directly to CEO Joshua Motta, he brings nearly seven years of experience from Tesla, where he led global digital experiences. His role at Coalition will involve enhancing the company’s technology strategy to make cyber insurance solutions more accessible and scalable for businesses worldwide.
Pro-Praxis, a program within Starwind Specialty Insurance Services, has also made a notable appointment. Joseph Washington has been named vice president of underwriting. He will lead the development of new programs tailored to the healthcare industry, which faces unique challenges. Washington previously worked as an underwriting manager for a global insurer and is eager to create innovative coverage solutions for healthcare clients.
These leadership changes reflect a broader trend in the insurance industry as companies seek to strengthen their positions and meet the demands of an increasingly complex market. As these firms adapt and grow, they aim to enhance customer engagement and provide better products and services to their clients.