XPT Partners is pleased to announce the appointment of Chris Petrucci, Chief Financial Officer and Rob Crowell, Executive Vice President and Director of Business Operations. Chris and Rob will join XPT’s existing management team assisting with the implementation of the business strategy and continued growth plan for XPT and partner companies.
Chris comes to the organization with over 25 years of experience that includes private equity-backed insurance exposure (JenCap Holdings, Crump Group, Wilton Re, and Pemaso LLC), public accounting (Ernst & Young) and investment banking (UBS). He has held various positions with increasing responsibilities in finance functions across these organizations, with his most recent role serving as Divisional CFO of JenCap Holdings. His experience covers financial reporting, treasury, auditing, and consulting. Chris helped lead JenCap Holdings, Crump Group and Wilton Re through strategic sales for their respective private equity sponsors. He has facilitated lender, rating agency and investor communications. He has hands-on experience in public debt offerings and has participated in several M&A transactions throughout his career.
Rob Crowell has over 25 years of experience in the insurance industry, including executive level roles with managing general agencies, insurance carriers, and brokers. Most recently Rob Crowell was an Executive Vice President with Innovative Coverage Concepts / RPA Insurance Services, a national wholesale MGA and retail agency. He has been involved with multiple start-up businesses and is the former Chief Operating Officer of the RVI Group, President of CNA Guaranty and Credit and Vice President of Capital Markets at Marsh McLennan Securities.
“As XPT’s family of companies continues to expand in our third full year of trading, I am thrilled to welcome both Chris and Rob to the Senior Management Team. We have acquired 7 businesses and launched 2 new MGA’s in several different product areas. The growth of our management team will enhance our capabilities in maximizing and growing our underlying business while sourcing new investment opportunities,” said Tom Ruggieri, XPT Chief Executive Officer.
XPT continues to develop their expert Wholesale Insurance Broking and Managing General Agency platform through acquisitions and rapid operational growth. XPT has made seven investments including: Western Security Surplus (WSS), WE Love & Associates (WEL), SVA Underwriting (SVA), Klein & Costa (K&C), Sierra Specialty (Sierra), LP Risk, and Houston Surplus Lines (HSL).
About XPT Partners
XPT is a specialty insurance distribution company formed through a partnership of highly experienced insurance management executives. XPT brings together underwriting and wholesale brokerage firms across many specialty lines through acquisitions and new product development. XPT stands apart by delivering expertise through a collaborative partnership culture. www.xptspecialty.com
Contact: Mark Smith 917.843.1243 msmith@xptspecialty.com