Colorado Springs insurance coverage expertise agency names new CEO | Enterprise

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Insurance coverage Applied sciences, a Colorado Springs firm that develops and sells gross sales automation software program for the life insurance coverage and annuities industries, has employed a veteran expertise government as its new CEO.

Laird Rixford will substitute longtime senior government David Fenimore, who will stay as firm chairman.

Fenimore, who joined Insurance coverage Applied sciences in 1996 as a software program engineer and was promoted a number of occasions earlier than changing into CEO in 2014, will deal with the corporate’s imaginative and prescient and legacy, whereas Rixford will take over day-to-day administration with development as his prime precedence. Rixford lives in Dallas and can commute to Colorado Springs space till he strikes to the world.


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Rixford stated Fenimore needed to spend extra time together with his household however will “stay an integral a part of the corporate for years to return.” Insurance coverage Applied sciences employs 280 nationwide, together with about 200 at its downtown Colorado Springs headquarters.

“My precedence is to proceed to increase the enterprise. It has grown effectively just lately and we glance to proceed to develop in Colorado Springs. I see us rising our workers one other 20% within the subsequent couple of years,” Rixford stated. “Insurance coverage Applied sciences is concentrated on the annuity market and now we’re rising within the life insurance coverage and wealth administration markets. Wealth administration is an missed a part of the market.”


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A lot of the worker development will are available in product growth, advertising and marketing and gross sales, Rixford stated. Insurance coverage Applied sciences has 33 openings listed on its web site with lots of the positions in software program growth. Whereas the corporate now permits workers to work a hybrid schedule cut up between the workplace and distant work, lower than 5% of workers come to the workplace regularly, he stated.

Rixford had been CEO of the equally named Insurance coverage Applied sciences Corp., a Dallas space firm that develops software program for the property and casualty insurance coverage business; it was bought in 2020 to Zywave, a Wisconsin-based firm that gives cloud-based software program providers to the insurance coverage business.


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“What drew me to this job was the atmosphere and tradition David had constructed — it jogged my memory of my prior firm, which on the time of its sale was about the identical dimension as this firm. It was slipping into a favourite pair of deck footwear,” Rixford stated. “This job is a chance to proceed the imaginative and prescient, tradition and legacy that David set.”


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The Colorado Springs firm was bought by New York personal fairness agency NexPhase Capital to Boston-based personal fairness agency Thomas H. Lee Companions a couple of 12 months and a half in the past. The deal was designed to offer Insurance coverage Applied sciences with extra monetary backing to additional develop its expertise and make acquisitions that add to its expertise and market attain.

Contact Wayne Heilman 636-0234 Fb www.fb.com/wayne.heilman

Twitter twitter.com/wayneheilman

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