Obsidian Insurance Group has announced the promotions of Craig Rappaport to President, and Nick Dagenais to Chief Financial Officer (CFO).
Previously, Dagenais was the VP, Finance of Obsidian since the company’s formation, he now assumes the role of CFO and will continue to report to Rappaport, who now serves as President as well as his responsibilities as Chief Operating Officer (COO).
William Jewett, the Chief Executive Officer (CEO) of Obsidian, commented on the appointments, “Since the formation of our company, Craig has played a key role as COO and CFO in the successful development and subsequent execution of our strategy, which has operational excellence and underwriting profitability at its core.
“This promotion recognizes and reflects all that Craig has contributed to and will continue to contribute to our future success.”
Jewett added, “The hybrid fronting business is a complex and complicated business, and Craig has a unique and impressive set of knowledge and skills that are unmatched in the sector. His execution capabilities and leadership skills will continue to be a significant driver of our future success and achievements.”
Rappaport commented on his appointment, “It has been a great experience working alongside Bill and our leadership team to build a fronting carrier with capabilities that we believe are second to none. We are well positioned to continue to adapt and prosper in an increasingly competitive and challenging environment.”
Rappaport also commented on Dagenais’ appointment, “Nick has done exceptional work building a strong and scalable financial infrastructure at Obsidian, and has been instrumental in the establishment of our exceptional financial reporting and operational capabilities. He is a very capable executive and is well-prepared for his expanded role.”
Jewett concluded, “Both of these promotions are reflective of exceptional performance, as well as organizational growth and complexity. They are key moves towards securing and solidifying Obsidian’s position as a leading fronting carrier.”
