Acrisure hires new CFO from Disney, embarks on aggressive growth strategy
Global insurance broker Acrisure has hired a new chief financial officer (CFO) from the Walt Disney Company, as it looks to transform itself into a broad-based technology-driven financial services platform, and execute on its aggressive growth strategy.
Earlier in March, Acrisure announced a capital raise of $3.4 billion and the company expects to grow approximately 50 percent this year and reach $3 billion in revenue by the end of 2021.
Lowell Singer (pictured) will join Acrisure as CFO following 14 years with Disney, where he led communications around acquisitions of Marvel, Lucasfilm and 21st Century Fox, and the launch of the company’s streaming service Disney+. He most recently served as head of investor relations at the company. Singer started his career with JP Morgan & Co, and has also worked with Cowen and Company and Robertson Stephens.
At Acrisure, Singer will assume responsibility for the planning, management and execution of the company’s finance activities, reporting to co-founder, CEO and president Greg Williams.
Williams said: “Our ability to attract someone of Lowell’s caliber is a testament to Acrisure’s success and bright future. Lowell’s experience with dynamic and rapidly growing businesses fits perfectly with Acrisure’s trajectory. His addition to an already stellar team enhances Acrisure’s core finance capabilities. It also greatly bolsters our ability to convey our expansion strategy to existing and future investors.”
Singer added: “I am thrilled to join Acrisure at such a transformative time. I’m impressed by the company Greg has built and his vision as he leads it well beyond its vibrant core insurance brokerage business through the utilization of technology and AI. I look forward to contributing to Acrisure’s growth and advancement as a fintech leader.”
Christine McCarthy, chief financial officer of The Walt Disney Company, commented: “Lowell has had an extraordinary impact at the helm of Disney’s Investor Relations team during what has been a pivotal period of growth and expansion for our company.
“He is among the best in his field, and I am certain the wealth of experience, tremendous expertise and fresh perspective that have enabled his success at Disney will prove equally invaluable in his new role.”
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