Specialists will assist information firm in its subsequent section of development
Insurance coverage funds platform Ascend has introduced that Jim Hackbarth, former president and CEO of Assurex World, and Robert W. Smith, former president of company operations at PCF Insurance coverage Providers, have been appointed as founding members of its advisory board.
As members of the board, Hackbarth and Smith will assist information the corporate towards its subsequent section of development. Ascend intends to broaden its community of insurance coverage brokerages, MGAs, company networks, insurtechs and carriers.
Hackbarth has greater than 30 years of insurance coverage expertise. He started his profession at IBM and has held senior positions at Worth Waterhouse, Coverage Administration Methods and Company Administration Methods (now Vertafore).
Hackbarth based Cornerstone Companions, a consulting agency specializing in govt recruiting, early-stage investing and incubating startups. From 2003 to 2021 he served as president and CEO of Assurex World, the world’s largest privately held danger administration and business insurance coverage brokerage group. He at present serves as an advisor to insurtechs and a board member for 2 enterprise capital-backed corporations within the insurance coverage sector.
“Ascend has the potential to streamline one of the antiquated points of insurance coverage,” Hackbarth said. “Funds infrastructure and processes between clients, brokerages, wholesalers and carriers have lagged behind many of the other innovations inside insurance coverage, and I’m excited to see Ascend tackling these problems with the house as a complete.”
Robert W. Smith has greater than 25 years of management expertise within the monetary merchandise sector. He beforehand held regional and nationwide follow group management positions at Acrisure and Aon, and as president of company operations at PCF Insurance coverage Providers.
Smith just lately based Fideles Advisors, an advisory agency for impartial insurance coverage businesses, personal fairness traders, insurers searching for distribution insights, and companies searching for alignment with insurance coverage brokers.
“I’m excited to help and promote Ascend’s differentiated worth proposition, particularly to the bigger and extra advanced consumers,” Smith stated. “Drawing on my expertise collaborating with each impartial businesses and main aggregators, I acknowledge the transformative potential of Ascend’s cutting-edge know-how in streamlining and modernizing the monetary insurance coverage infrastructure by automation. Given this I consider Ascend’s method will considerably increase company earnings, whereas on the similar time advancing the business as a complete into the longer term.”
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