Insurtech Cover Genius, has announced the appointment of David Rudow as its new Chief Financial Officer (CFO), taking over the role from Gavin Dennis.
According to the announcement, Rudow’s hire comes as the company enters its next stage of growth to solidify its position as a global leader in the insurtech industry.
In his new role, he will oversee all financial operations and strategies to support the company’s expansion plans. This includes managing financial planning, executing financial reporting, and optimising resource allocation to fuel growth and profitability.
With more than 18 years of experience in senior financial positions for private equity and venture-backed companies, Rudow brings a wealth of experience and a proven track record in financial management to the role.
Previously, he served as CFO of the cloud-based technology company, nCino, where he led one of the largest US day-one tech IPO “pops” in decades, a successful secondary offering, and facilitated the 2021 acquisition of SimpleNexus, a deal valued at $1.2 billion.
Commenting on his appointment, Rudow said: “I’m thrilled to be joining the Cover Genius team and look forward to helping the company achieve its financial goals.
“I was immediately drawn to the staggering $7 trillion market opportunity within insurtech, and look forward to working hand-in-hand with the executive team to capitalise on strategic growth opportunities that drive financial success and help the company achieve its long-term goals.”
“With David’s proven ability to optimize financial operations, enhance profitability and implement robust financial controls, we are excited to have him join the team as we head toward the next chapter in our continued growth,” said Angus McDonald, CEO and Co-founder of Cover Genius.
Adding: “His strategic mindset and deep understanding of the industry will contribute significantly to our overall financial performance and further position us for success as the chosen insurtech for the world’s largest digital brands. ”
As he prepares to embark on his next venture, Gavin Dennis, the outgoing CFO, will be working closely with Rudow to facilitate a seamless transition.
Throughout his tenure, Dennis has played an integral role in Cover Genius’ achievements and impressive growth, leading the expansion and development of the finance function since early 2020.
He has also been instrumental in securing growth capital and overseeing acquisitions, a Cover Genius’ spokesperson stated.