“Insurtech” industry executive Alex Tsetsenekos has joined Freehold-based Mgaero as head of business development.
Tsetsenekos brings nearly 20 years of diverse leadership experience in the insurance industry to the team. He most recently founded Archimedes Analytics, where he served as chief underwriting officer and operational lead for two insurtech firms looking to develop differentiated property technologies.
The insurtech industry utilizes technology to improve efficiencies in insurance, akin to what the fintech industry does for the finance world.
Tsetsenekos will lead Mgaero’s new business and client relationship initiatives.
He also will work closely with the technology team to ensure client scope of work is clearly set forth using his vast insurance underwriting and operational expertise to allow for a timely and on-budget implementation.
“Alex has a deep understanding of the insurance business coupled with entrepreneurial experience as an early adopter of technology in our space,” Mgaero President Cliff Karlin said. “Having proven his business transformation acumen, he is in the unique position to help drive technology to deliver on clients’ goals while offering an informed and realistic perspective.”
Tsetsenekos was head of an underwriting business transformation team and small commercial insurance for QBE N.A. He also had leadership roles for Starr Cos., LexisNexis Risk Solutions, Zurich, Farmers, Innovation First and Liberty Mutual.
“As I’ve been fortunate to be on the forefront of the insurtech revolution, I’ve been integrally involved in several early successes while seeing the clear need for the Mgaero platform in our space,” Tsetsenekos said. “Mgaero fills the niche of delivering reliability and scalability for online rate-quote-bind technology with the needed flexibility at a value-driven price that clients deserve. Program administrators, manager general agencies and carriers need a reliable partner and I’m here because I know Mgaero will be relevant now and into the future.”