Ontellus, one of the largest records retrieval and claims intelligence companies in the US, has announced that it has appointed Vince Cole as its Chief Executive Officer (CEO), effective immediately.
The company is backed by Aquiline Capital Partners (Aquiline), a private investment firm based in New York and London, with $8.7 billion in assets under management that invests in businesses globally across financial services and technology, and The Capstreet Group, a Houston-based lower middle market private equity firm.
Within his new role, Cole brings a long track record of driving profitable revenue growth at multiple companies in both financial services and technology sectors.
For the past five years, Cole served as CEO of Charles Taylor US – a leading provider of claims solutions to the US and global insurance markets.
In a press release, it notes that during Cole’s tenure, Charles Taylor experienced strong growth, including an eight times increase in revenues in its US business, expansions of its capabilities, and the addition of new clients every year capped by a record number of new clients added in 2021.
Prior to Charles Taylor, Cole served as CEO, Americas, and Global Chief Strategy Officer at Crawford & Company, a publicly traded claims management solutions business.
Before joining Crawford & Company, Cole held executive positions at Activa Medical and Genworth Financial. In addition, he also spent 10 years at General Electric, serving in senior leadership roles in GE Financial, GE Plastics and GE Capital.
Cole, commented: “More than ever, customers are looking for integrated tools that can simplify the claims management process, and Ontellus is well positioned to meet that demand and contribute to growing the segment.
“I am excited for the opportunity to lead Ontellus, and leverage Aquiline’s and Capstreet’s strong networks to continue delivering exceptional, client-centric service.”
“Vince is a proven leader with the requisite experience to carry on Ontellus’ track record of combining service and technology to deliver solutions for its clients,” said Jeff Greenberg, Chairman and CEO of Aquiline Capital Partners. “We are excited to partner with him, along with the other talented members of the management team, to capitalize on strong industry tailwinds and the increasing need for compliant, reliable and efficient record retrieval.”
Neil Kallmeyer, Managing Partner at Capstreet, added: “We believe that Vince’s background in insurance and healthcare makes him well-qualified to lead the continued expansion of the platform and guide Ontellus through its next phase of growth.”