Genstar-backed Obsidian boosts management team with ex-Enstar hire

Genstar-backed new fronting insurance holding company Obsidian has strengthened its senior management team with the appointment of Stacy Armstrong as chief client officer.

Armstrong's role will include responsibility for managing client and reinsurer relationships.

She has over 25 years of insurance and reinsurance industry experience, most recently as executive vice president, underwriting, M&A, TPA management at Cranmore, an advisory and consulting service unit of Enstar Group. Prior to that, she served in various underwriting and marketing leadership positions for 20 years with Maiden Re and its predecessor organisation GMAC Re, latterly as executive vice president of broker treaty & new products.

William Jewett, chief executive officer of Obsidian, said: "As we continue to build our hybrid program fronting carrier we are actively seeking talented senior executives who are familiar with the needs of our clients and are keenly interested in helping us continue our rapid growth trajectory. Our platform is efficient and valuable to MGAs, risk aggregators, and the reinsurance community. Creating it from the ground up is both exciting and challenging.

"We are very pleased that Stacy has joined our team as we continue to grow and we look to her leadership in helping build additional bridges to MGAs, aggregators, and the reinsurance community. The breadth and versatility of her experience will be an excellent addition as we continue to focus on providing exceptional underwriting capabilities and service to our clients."