Dovetail Insurance has appointed Michael Ferber (pictured) to serve as its newest chief executive officer, effective immediately.
As part of his appointment, Ferber succeeds Gregory Martin, who will retire from Dovetail Insurance at the end of May.
Ferber joins from ICAT – a highly specialized digital-based underwriter of US catastrophe insurance. He most recently served as chief information officer at ICAT. Both Dovetail Insurance and ICAT are member companies of Victor, a global managing general underwriter.
Prior to joining ICAT, Ferber worked at Lehman Brothers as senior vice-president for change management. He also previously led operations and technology within the mortgage banking division of GMAC.
“We believe the future of insurance, in the small commercial sector, is for agents to be able to fulfill all of their clients’ insurance needs in one digital experience,” Ferber said in a statement. “Dovetail is well positioned to be their go-to digital marketplace for business coverage in the United States, and I’m excited to lead the firm.”
Victor Insurance Holdings CEO Christopher Schaper commented that Ferber’s extensive background as a leader in operations, tech, and digital innovation “make him perfectly suited to lead Dovetail into its next chapter.” Schaper also thanked Martin for his contributions to the firm in his statement and wished him the best in his retirement.
Dovetail Insurance is a digital MGA (managing general agent) that leverages cloud-based solutions to assist independent insurance agents and expedite the launch of carriers’ new products and programs. Based in Columbia, SC, the firm offers its services across all states in the US.