(Image source: TGG homepage.)
Trak Global Group (London, U.K./Waterloo, Ontario), a telematics technology company with operations in the U.K., Europe, and North America, has named Nino Tarantino CEO of IMS (Americas). A company statement describes the appointment as a key next step in TGG’s rapid-growth strategy for North America. The appointment follows Trak’s December 2018 acquisition of IMS, a top-three telematics business in North America and, in September this year, investment into the Group of over $50 million from Three Hills Capital Partners (London/Luxembourg).
IMS, the Insurance Solutions arm of TGG, provides what it describes as end-to-end solutions that enable insurers and their customers to benefit from usage-based insurance (UBI) and extract value from telematics data right across the value-chain, from customer acquisition and risk management through rewards, customer engagement and claims.
Tarantino is tasked with driving IMS’s growth in the North American market, while supporting its existing client base and seeking opportunities to innovate within the InsurTech space. He brings more than two decades of experience in the global telecommunications industry, chiefly growing companies and developing strategic business operations, and comes to TGG with a recent track record in insurance telematics.
Most recently, Tarantino was the CEO of Octo Telematics North America (New York/Rome), where he led and grew the business from start-up to market leader, achieving consistent yearly growth exceeding in 2017 three million UBI telematics policies. Prior to Octo, Tarantino held leadership roles in the global telco and space industries with Telecom Italia, Iridium, the first satellite phone company, and others.
Increase Global Scale
“We are in extremely good hands with Nino at the helm of our growth plans for North America,” comments Nick Corrie, CEO and founder of TGG. “Nino’s appointment is a critical move in our plan to exponentially increase our global scale and, specifically, grow our North American presence. He brings unprecedented experience innovating and building connected, data-driven technology solutions for the insurance industry, and we know he is the right leader to deliver further success for our company and its customers.”
“I have been privileged to build a record of success in the InsurTech space as it dynamically changes the landscape for insurance carriers and their policyholders,” comments Tarantino. “The opportunity to join TGG at such an exciting point in its growth story was one I was delighted to accept. The company has delivered outstanding results and built incredibly strong partnerships with its customer base. I look forward to putting my experience into practice as we embrace the next chapter.”