Cover Genius Welcomes David Rudow as Chief Financial Officer to Drive Next Stage of Growth
August 29 2023 - 8:30AM
Cover Genius, the leading insurtech for embedded protection, is
pleased to announce the appointment of David Rudow as its new Chief
Financial Officer (CFO). This strategic decision comes as the
company enters its next stage of growth to solidify its position as
a global leader in the insurtech industry.
Rudow brings a wealth of experience and a proven track record in
financial management to the role, with more than 18 years of
experience in senior financial positions for private equity and
venture-backed companies. Previously, he served as CFO of the
cloud-based technology company, nCino (NASDAQ: NCNO), where he led
one of the largest US day-one tech IPO “pops” in decades, a
successful secondary offering, and facilitated the 2021 acquisition
of SimpleNexus, a deal valued at $1.2 billion.
“With David’s proven ability to optimize financial operations,
enhance profitability and implement robust financial controls, we
are excited to have him join the team as we head toward the next
chapter in our continued growth,” said Angus McDonald, CEO and
Co-founder of Cover Genius. “His strategic mindset and deep
understanding of the industry will contribute significantly to our
overall financial performance and further position us for success
as the chosen insurtech for the world’s largest digital brands.
”
As CFO, Rudow will oversee all financial operations and
strategies to support the company's expansion plans. This includes
managing financial planning, executing financial reporting, and
optimizing resource allocation to fuel growth and profitability.
His insights and leadership will play a pivotal role in guiding
Cover Genius toward achieving its long-term financial
objectives.
“I’m thrilled to be joining the Cover Genius team and look
forward to helping the company achieve its financial goals,” said
Rudow. “I was immediately drawn to the staggering $7 trillion
market opportunity within insurtech, and look forward to working
hand-in-hand with the executive team to capitalize on strategic
growth opportunities that drive financial success and help the
company achieve its long-term goals.”
Rudow holds a Bachelor of Science in Business Administration and
Accounting from the University of Illinois, Chicago, and a Master
of Business Administration in Finance and Accounting from the
University of Chicago's Booth School of Business.
Cover Genius also extends its appreciation to Gavin Dennis, the
outgoing CFO, for his dedicated leadership and significant
contribution to the company. Throughout his tenure, he has played
an integral role in the company's achievements and impressive
growth, leading the expansion and development of the finance
function since early 2020. He has also been instrumental in
securing growth capital and overseeing acquisitions. As Dennis
prepares to embark on his next venture, he will be working closely
with his successor, Rudow, to facilitate a seamless transition.
About Cover Genius Cover Genius is the
insurtech for embedded protection. Through XCover, our global
distribution platform for any insurance or other type of
protection, we protect the global customers of the world’s largest
digital companies including Booking Holdings, owner of Priceline
and Booking.com, Intuit, Uber, Hopper, Ryanair, Turkish Airlines,
Descartes ShipRush, Zip and SeatGeek. We’re also available at
Amazon, Flipkart, eBay, Wayfair, and SE Asia’s largest company,
Shopee.
Together with our partners, we co-create solutions to embed
tailored, optimized protection that’s licensed or authorized in
over 60 countries and all 50 US States.
In addition, we provide customers with a seamless, end-to-end
experience via XCover.com. XCover.com handles customers’ needs –
from the initial sale through to administration and claims,
resulting in an industry-leading post claims NPS of +65. Its
award-winning service design has shown to reduce support
tickets by 7x.‡
Media ContactShelley PetriSenior B2B Marketing Communications
Managerpr@covergenius.com
‡ The score includes any type of claim and claim outcome across
our partner network except for those partners with less than 30
claims and those not assessed by Cover Genius. Inquiry statistics
are derived from an internal analysis of 1,355 random XCover
support inquiries from December 2022, of which 1,258 (93%) had not
activated their XCover account and 97 (7%) had.
nCino (NASDAQ:NCNO)
Historical Stock Chart
From Jun 2024 to Jul 2024
nCino (NASDAQ:NCNO)
Historical Stock Chart
From Jul 2023 to Jul 2024