Insurtech Vertafore has announced the appointment of insurance veteran Teresa Chia to the role of Chief Financial Officer (CFO).
Chia will play an important role in supporting Vertafore’s strategy and continued development of market-leading solutions, the company stated.
She will use her ten years of experience helping fast-growing companies across the insurance sector implement operational practices to support growth at scaleto achieve this.
Additionally, she will also focus on driving excellence across the company’s planning, processes and systems.
Her experience optimising financial and operational processes will enable Chia to make significant contributions to both Vertafore’s finance team and its executive leadership more broadly.
“We have an amazing finance team here at Vertafore, and I’m extremely pleased to have Teresa join us to make that team even stronger,” said Vertafore CEO Amy Zupon.
“Teresa is an innovator with a deep understanding of the insurance market. I look forward to collaborating closely with her as we optimise our processes to continue to accelerate the value we deliver to our carriers, independent agents and MGAs.”
Chia joins Vertafore from White Mountains Insurance Group, where she was a Senior Partner and Managing Director. During her time at the company, she was responsible for White Mountains’ direct investing and corporate mergers and acquisitions activity.
She also provided support to executive leadership teams in White Mountains’ portfolio companies as they set strategy and formalised internal processes.
Prior to that, she was a private equity investor at Permira Advisors, where she focused on investments in the global technology and consumer verticals.
Chia has also served on a variety of governance boards for companies in the insurance industry, including Kinsale Capital Group, Velocity Risk Underwriters and Spark Advisors.
Chia commented: “Vertafore’s dedication to providing mission-critical technology to its insurance partners is a major reason why I’m so excited to be here.
“Vertafore provides tools to help customers maximise their productivity, enable their continued success and improve outcomes for the millions of people they serve.”