Reinsurance News

Rideshare insurtech Buckle makes two senior appointments

7th October 2020 - Author: Katie Baker

Rideshare insurance company Buckle has announced two new additions to its senior leadership team.

Andrew Rear has been appointed Chairman of Buckle’s Board. He will continue working as Chief Executive Officer (CEO) of Digital Partners, a Munich Re company.

Rear joined Munich Re in 2010, leading the Asia, Africa, and UK life businesses until 2016 when he took the role as CEO of Digital Partners. Previously, he was a partner and head of the EMEA insurance practice at Oliver Wyman.

Additionally, Kristi Matus, who was Executive Advisor for Thomas H. Lee Partners and Chief Financial Officer (CFO) of USAA, is now the company’s CFO and Chief Operating Officer (COO).

Matus also served as President of Life Insurance and Investment Services and as President of the Life Insurance Company. She currently serves on the boards of Cerence, Equitable, and Alliance Bernstein (AB).

Rear commented: “I’m excited to be joining Buckle’s board. The gig economy is the most significant economic development of the last decade, and one which the insurance industry has yet to get a grip on. Through its products, analytics and technology, Buckle is the most comprehensive platform to address the distinct needs of gig workers.”

Matus said: “Throughout my career, I’ve sought opportunities where there was a genuine drive to create the asset of long-term economic value for shareholders while building a legacy of delighting customers.

“Being part of the Buckle team allows me to utilise 30 years of experiences in a way that can truly transform finance and insurance to support the gig economy, consistent with economic and social changes that have occurred in the workforce.”

Marty Young, Co-founder and CEO of Buckle further added: “Buckle is rapidly moving in its mission to provide insurance, credit, and advocacy to Transportation Network Companies providers and platforms. As USAA has provided top-rated banking and insurance to military members and their families, we are passionate about doing the same for the gig economy.

“Kristi’s in-depth experience, from beginning her career as an actuary and quickly moving to the executive ranks of insurance, credit, and investment management will allow us to progress in our charge and navigate the company through rapid growth.”

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