Obsidian Insurance coverage Group has introduced the appointments of Craig Rappaport as president and Nick Dagenais as chief monetary officer.

“Since the formation of our firm, Craig has performed a key function as COO and CFO within the profitable growth and subsequent execution of our technique, which has operational excellence and underwriting profitability at its core,” mentioned William Jewett, CEO of Obsidian. “This promotion acknowledges and displays all that Craig has contributed to and can proceed to contribute to our future success.

“The hybrid fronting enterprise is a posh and complex enterprise, and Craig has a singular and spectacular set of data and abilities which can be unmatched within the sector,” Jewett mentioned. “His execution capabilities and management abilities will proceed to be a major driver of our future success and achievements.”

“It has been an ideal expertise working alongside Invoice and our management workforce to construct a fronting provider with capabilities that we consider are second to none,” Rappaport mentioned. “We’re nicely positioned to proceed to adapt and prosper in an more and more aggressive and difficult atmosphere.”

Dagenais, who beforehand served as vice chairman of finance at Obsidian, has taken on the function of CFO. Dagenais will proceed to report back to Rappaport.

“Nick has performed distinctive work constructing a powerful and scalable monetary infrastructure at Obsidian, and has been instrumental within the institution of our distinctive monetary reporting and operational capabilities,” Rappaport mentioned. “He’s a really succesful government and is well-prepared for his expanded function.”

“Each of those promotions are reflective of remarkable efficiency, in addition to organizational development and complexity,” Jewett mentioned. “They’re key strikes in the direction of securing and solidifying Obsidian’s place as a number one fronting provider.”

Earlier this month, Obsidian appointed Jeff Wittlich as chief underwriting officer.

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