Leading finance automation software provider for the insurance sector, Phinsys has announced new appointments to strengthen its senior management team. William Moore will become the Chief Financial Officer (CFO) and Michael Toran will serve as Chief Operating Officer (COO).
These latest commissions follow a period of new client successes driven by the company’s growing reputation for finance transformation, its involvement with the Lloyd’s Lab and their partnership with PwC on IFRS17.
“I’m delighted to have been appointed CFO and to continue my work of the last 12 months in building the Phinsys business. We have strong financial credentials and are well positioned for significant growth opportunities in the UK, US and Bermuda,” said Moore.
After nearly a decade at Credit Suisse in London, Moore fulfilled a variety of roles including Global COO of Credit Structuring and CFO of the Emerging Markets group.
Helping with the expansion in the US and Bermuda based business, Toran will now be located in Dallas, Texas.
Commenting on his new appointment, Toran said: “I’m very excited to join Phinsys during this growth stage and look forward to expanding our core offering and consultancy capabilities. Our product suite solves many challenges that both CFOs and CIOs face on a daily basis, and Phinsys is primed for long-term growth and value creation.”
Toran’s previous experience includes a variety of senior Finance and IT roles with Starr Insurance Holdings and AIG, most recently as global chief Information officer in New York, where he was responsible for developing the overall enterprise architecture and strategic direction for Starr’s IT infrastructure, security, and systems applications.
Moore and Toran join the existing management team, joining the founder and Chief Executive Officer (CEO) Richard Tyler, Chief Commercial Officer, Stuart Conibear, and global delivery director, Neil Greenacre.