Obsidian Insurance Group has announced the appointments of Craig Rappaport as president and Nick Dagenais as chief financial officer.
“Since the formation of our company, Craig has played a key role as COO and CFO in the successful development and subsequent execution of our strategy, which has operational excellence and underwriting profitability at its core,” said William Jewett, CEO of Obsidian. “This promotion recognizes and reflects all that Craig has contributed to and will continue to contribute to our future success.
“The hybrid fronting business is a complex and complicated business, and Craig has a unique and impressive set of knowledge and skills that are unmatched in the sector,” Jewett said. “His execution capabilities and leadership skills will continue to be a significant driver of our future success and achievements.”
“It has been a great experience working alongside Bill and our leadership team to build a fronting carrier with capabilities that we believe are second to none,” Rappaport said. “We are well positioned to continue to adapt and prosper in an increasingly competitive and challenging environment.”
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Dagenais, who previously served as vice president of finance at Obsidian, has taken on the role of CFO. Dagenais will continue to report to Rappaport.
“Nick has done exceptional work building a strong and scalable financial infrastructure at Obsidian, and has been instrumental in the establishment of our exceptional financial reporting and operational capabilities,” Rappaport said. “He is a very capable executive and is well-prepared for his expanded role.”
“Both of these promotions are reflective of exceptional performance, as well as organizational growth and complexity,” Jewett said. “They are key moves towards securing and solidifying Obsidian’s position as a leading fronting carrier.”
Earlier this month, Obsidian appointed Jeff Wittlich as chief underwriting officer.
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