Reinsurance News

At-Bay appoints Ari Fischel as Chief Financial Officer

20th April 2023 - Author: Jack Willard

Cyber insurance provider At-Bay has announced that it has appointed Ari Fischel as its Chief Financial Officer (CFO).

An experienced industry veteran, Fischel brings more than 20 years of financial and operational expertise towards At-Bay’s executive team.

At-Bay also confirmed that Fischel will join the board of At-Bay’s Specialty Insurance Company, which the firm acquired in January 2023.

In his most recent role, he served as CFO of Capital-Rx, a fast-growing heath technology company based in North America.

Before he joined Capital-Rx, he served as Vice President, Finance and Accounting for Oscar, a leading insurtech, where he played a significant role in laying the groundwork for the company’s initial public offering during his five-year tenure there.

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Prior to Oscar, Fischel served in senior finance and leadership roles for The Nielsen Company and General Electric. Fischel will also join the board of At-Bay Specialty Insurance Company.

“I’m thrilled to join At-Bay during this time of exciting innovation and growth and look forward to contributing to At-Bay’s next phase of success and category disruption,” said Fischel, addressing his appointment.

“The company has consistently demonstrated that it can deliver high-quality insurance and security solutions to the small business and broker community and achieve strong customer and revenue growth for its investors and reinsurance partners, all the while maintaining record low portfolio losses.”

Additionally, rating agency AM Best has assigned At-Bay Specialty Insurance Company with a Financial Strength Rating of A- (Excellent), with a stable outlook.

“At-Bay is on a mission to accelerate the growth and innovation needed to build the next generation of insurance for the digital age,” said Rotem Iram, CEO and co-founder of At-Bay, and Chairman of the board for At-Bay Specialty Insurance Company.

“The A- rating from AM Best is the latest milestone on our journey toward making that goal a reality.”

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