TACOMA, Wash., Jan. 25, 2021 /PRNewswire/ — Propel Insurance policies (the “Business”), one particular of the nation’s greatest privately-owned insurance plan businesses and a portfolio organization of Flexpoint Ford, right now announced that Angelo Fusaro has joined the Corporation as Main Monetary Officer. Mr. Fusaro succeeds longtime Propel executive Pete Hendrick, who has declared his retirement right after serving as Chief Economical Officer considering the fact that 2004.
“We are grateful to Pete for 16 decades of devoted assistance, imaginative skillset and his unlimited enthusiasm which served us to develop Propel Insurance coverage from $25 million of revenue to more than $120 million nowadays,” said Kurt Carlson, Chief Executive Officer for Propel. “We are enthusiastic to welcome Angelo to Propel and appear forward to his contributions in supporting us to continue on to execute on the Firm’s organic and acquisitive growth approaches.”
Mr. Fusaro will come to Propel with more than 20 years of encounter in monetary and operational administration. Mr. Fusaro will be joining Propel from HUB Global, a worldwide insurance broker, the place he served for 14 many years throughout various senior finance management roles. Prior to his profession at HUB Global, Mr. Fusaro held positions at Perdoceo Education Corporation (previously Occupation Education Company) and Ernst & Young.
“I am thrilled to be signing up for the Propel family members and admire the remarkable job the team has completed to placement Propel as a expansion-oriented insurance company,” explained Fusaro. “Propel’s tradition is exceptional in the sector, and I glance forward to accelerating Propel’s ongoing growth by way of both of those strategic hires and acquisitions.”
Mr. Fusaro holds a Bachelor of Enterprise Administration in accounting from the College of Rhode Island.
About Propel Coverage
Propel Insurance policies is a person of the nation’s major privately-owned insurance businesses and gives a broad array of property, casualty, hazard management, workers’ comp, employee gains, private insurance coverage and other merchandise across North The usa. Propel is focused to encouraging enterprises and men and women handle their insurance policy desires and find their momentum. For far more info, check out www.propelinsurance.com.
About Flexpoint Ford, LLC
Flexpoint Ford is a private equity expense company that has elevated much more than $4.3 billion in funds and specializes in privately negotiated investments in the financial companies and health care industries. Since the firm’s development in 2005, Flexpoint Ford has completed investments in extra than 30 companies throughout a broad vary of expenditure dimensions, structures and asset classes. Flexpoint Ford is headquartered in Chicago with additional workplaces in New York. For extra information and facts about Flexpoint Ford, be sure to visit www.flexpointford.com.
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