(Chris Lafond. Image source: Insurity.)
Insurity, Inc., a Hartford-based provider of core systems software to the property/casualty industry has announced the appointment of Chris Lafond as its chief executive officer, succeeding Chris Giglio, who will remain on Insurity’s board of directors.
Lafond has been part of the Insurity executive team since 2017, previously serving as the company’s chief financial officer. The leadership transition is effective immediately, and will support the next phase of the company’s growth and innovation, according to an Insurity statement.
“It is with a great deal of excitement that I announce the appointment of Chris Lafond as the new CEO of Insurity,” comments Chris Giglio. “Chris and the Insurity leadership team will be responsible for driving Insurity to the next level, building upon the solid foundation and momentum achieved by all Insurity team members. Our corporate strategy and priorities are not changing; I will continue to be involved with the company as a member of the board of directors, supporting Insurity’s strategic initiatives, Chris, and the entire Insurity team.”
“It has been a tremendous honor to serve as the CEO of Insurity, and I am incredibly proud of everything our team has accomplished together in just two years,” Giglio adds. “Since the transition to our ‘ONE Insurity’ client-centric strategy, we have established financial strength and market leadership, incorporating all of the experience, expertise, and technological innovation across the company. We’ve made meaningful progress toward our company priorities, and Chris has played an integral role, leading Insurity as CFO and as a board member since November 2017. The board and I are confident that Chris is the right person to build upon this momentum and to begin our next stage of growth and innovation. He is a seasoned leader with significant experience operating efficiently at scale and delivering value to our employees, investors, and clients. We are fortunate to have him as our next CEO.”
Unlocking Future Growth Opportunities
“I know that I speak for everyone at Insurity in thanking Chris for his leadership and tireless dedication to the company,” comments Lafond. “I am incredibly excited to assume this new role and excited about what we will achieve going forward. We have an exceptionally talented team at Insurity, focused on taking decisive action to transform the business, deliver extraordinary service to our clients, continue to innovate our products, and unlock future growth opportunities.”
Insurity cites results of its transformation to date as including the following:
- Double-digit revenue growth
- 40%+ year-over-year bookings growth
- 97% client retention
- 200+ cloud implementations—the most in the market—and 93% new logo cloud clients
“The Insurity board of directors thanks Chris Giglio for his deep commitment and passion, which helped lead the company to achieve outstanding results,” comments Travis Pearson of GI Partners, Insurity’s parent company. “We are excited to welcome Chris Lafond to the CEO role, with confidence that his leadership will drive accelerated growth, meaningful innovation, and, above all, a continued sharp focus on Insurity’s clients.”
Prior to his tenure as Insurity’s CFO, Lafond served as CFO for Gartner and then Intralinks, where he’d progressed in leadership roles for over 20 years. Lafond earned his MBA in Finance and Accounting from Columbia University, and his BA in Economics from The University of Connecticut.