Fortegra faucets new CFO | Insurance coverage Enterprise America

The Fortegra Group, a worldwide specialty insurer and subsidiary of Tiptree Inc., has introduced the appointment of Edward Peña as its new chief monetary officer, efficient Aug. 28.

Peña will succeed present CFO Mike Grasher, who’s transferring to the position of govt vp of worldwide enterprise improvement.

Peña brings with him over twenty years of expertise within the insurance coverage, finance, and mergers and acquisitions sectors. Previous to becoming a member of Fortegra, Peña held the place of CFO in Liberty Mutual‘s World Retail Markets division. He has additionally held numerous positions at Coaction Specialty Insurance coverage and J.P. Morgan.

“We’re thrilled to have Ed be part of the Fortegra staff,” mentioned Rick Kahlbaugh, CEO of Fortegra. “The breadth and vary of his skills and expertise will serve to assist the present and future trajectory of the Firm. Ed is immensely proficient, and I’m keen to start out working with him.”

“It’s an honor to be appointed CFO at such a essential level in Fortegra’s progress trajectory,” Peña mentioned. “Below the management of Rick Kahlbaugh, Fortegra has grown into a number one international specialty insurer in essentially the most considerate and strategic of the way. I’m trying ahead to working with our staff to proceed that momentum.”

Grasher, the outgoing CFO, has performed a pivotal position in Fortegra’s constant progress and profitability since rejoining the corporate in October 2015. Below his steering, the corporate has achieved important milestones, surpassing the $1 billion, $2 billion, and now $3 billion gross written premium thresholds. As govt vp of worldwide enterprise improvement, Grasher will concentrate on increasing Fortegra’s specialty insurance coverage firms within the UK and the European Union. He’ll proceed reporting to Kahlbaugh.

“Mike is aware of our enterprise, is aware of our technique and is uniquely suited to spearhead this strategic initiative,” Kahlbaugh mentioned. “I’m assured that he and the staff in London will construct Fortegra’s specialty insurance coverage presence in strategic markets overseas, additional accelerating our progress.”

Peña is the most recent addition to Fortegra’s roster. In Could, the corporate appointed Abby Taylor as chief working officer and Joe Lettween as chief innovation, information science, and know-how officer.

Have one thing to say about this story? Tell us within the feedback beneath.