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1insurer (Farmington, Conn./Whiteley, U.K.), the global property/casualty software provider formerly known as Innovation Group, has announced a new leadership team. The company has named Henry Bonner as chief executive officer and Kevin Hesselbirg as chairman, effective immediately.
Henry Bonner, joins 1insurer from OpenLink Financial Inc., a provider of trading and risk management solutions for the financial services, corporate, energy, and commodities industries. Bonner held key business development roles there, including the CEO of its DBC Software division where he was instrumental in developing its commodities solutions business, according to a 1insurer statement. Bonner has almost 30 years’ experience in enterprise software in a number of senior roles spanning sales, operations and product management, and what the statement characterizes as a strong track record of success in the profitable delivery of financial services technology solutions to a broad range of sectors. Previously, he held executive roles as a managing director at both SunGard Energy Systems and Sailfish Systems Ltd, where he led multi-disciplinary teams delivering technology based solutions to the financial services and energy markets.
“I am delighted to join 1insurer as CEO at an important time in the company’s evolution and also at such an exciting time of opportunity and change in the marketplace,” Bonner comments. “I look forward to working with our talented team of employees to build on the company’s commitment to deliver a first-class solution to our customers in every aspect of policy administration, claims management and data analytics. My intention is to further develop our customer focused business model with an aim to delivering a best-in-class solution for the insurance industry at a lower cost of ownership compared to the industry norm.”
Kevin Hesselbirg is the former CEO of Primatics Financial, a SaaS provider of finance and risk solutions for the banking sector. Previously, Hesselbirg was CEO of OpenLink Financial Inc., where he led the business from generating revenues of less than $10 million to over $300 million in revenue and 1,200 professionals located in nine countries, during a 14 year tenure as the company’s CFO, COO and finally as CEO. Hesselbirg led OpenLink through three successful private equity buyouts between 1999 and 2013 and led the sale of Primatics to SS&C Technologies. In addition, he serves as an Entrepreneur in Residence at Hofstra University.
Significant Continued Investment
“I am excited about the opportunity to work with the management team of 1insurer and to lend guidance based on my past experience with high growth companies,” comments Hesselbirg. “Given its experienced team, deep domain knowledge, attractive product portfolio and solid domestic and international customer base, I have high expectations for our future potential. There continues to be a significant investment in the Company to bring in additional senior leaders and talent which will enable the company to better support its customers and to develop innovative solutions for the market.”
The 1insurer statement characterizes the leadership team transformation as reflecting The Carlyle Group’s continuing investment and plans for the future growth of the company. The Carlyle Group, which completed its acquisition of 1insurer (as Innovation Group) in Dec. 2015, is a global alternative asset manager with $178 billion of assets under management across 125 funds and 164 fund of funds vehicles as of March 31, 2016.