(Detail, statue of El Cid, Burgos, Spain. Credit: Javi Guerra Hernando.)
Intellect Design Arena Limited, a Chennai, India-based financial services software vendor, has named Tony Cid head of Commercial Insurance for the company’s insurance division, Intellect SEEC (Jersey City, N.J.). Cid will be responsible for managing global sales for Commercial Insurance and will also provide strategic direction to Intellect SEEC’s Product Management group.
Cid, who recently held the position of Head of US Middle Market, QBE North America (New York), brings extensive experience in property & casualty with both domestic and multi-national insurers. He has held leadership roles in underwriting, distribution, finance and operations and has proven expertise in transformations, building and managing successful organizations, according to an Intellect SEEC statement. Cid has participated in public offerings and has worked closely with private equity on acquisitions and divestitures.
“We are very excited to have Tony on board,” comments Pranav Pasricha, CEO, Intellect SEEC. “His strong domain experience, vision and strategy will definitely invigorate employee culture, improve customer service, establish underwriting and pricing discipline, focus distribution, streamline system infrastructure and increase efficiencies for our clients. With his deep understanding of the international insurance market, multi-national underwriting, distribution, reinsurance and enterprise risk management, Tony will play a strategic role to grow our key Commercial Insurance business in the region.”
“I am very pleased to have the opportunity to lead Intellect SEEC’s Commercial Insurance business,” comments Cid. “With the strong team of dedicated professionals and senior insurance leaders, I look forward to building value and driving profitability by establishing operational excellence and executing multi-faceted business development campaigns designed to improve profit and market share.”
Intellect SEEC provides what it characterizes as innovative, low-cost solutions that manage the complexity of insurance business. The firm has a portfolio of products covering distribution, underwriting and claims, and has built strategic relationships with major insurance carriers in the U.S., Candad, the U.K., India and the Far East, according to a company statement.