New appointment drives growth and innovation
New York, NY (May 22, 2023) – Relay Platform, the innovative multi-carrier insurance platform, announced today the appointment of Aaron L. Davidson as its new Chief Executive Officer (CEO), effective May 22, 2023. Following an extensive search and selection process for a successor in collaboration with Greg Boutin, Relay’s departing CEO and founder, Davidson emerged as the ideal candidate to lead Relay into a new era of growth, expansion, and innovation.
With a remarkable background in insurance technology, Davidson brings a wealth of experience and expertise to his new role. Previously serving as the Global Head of Insurance at ServiceNow, Davidson helped establish their insurance practice, revolutionizing front, middle, and back-office operations through streamlined, low-code workflow capabilities. Aaron previously served in leadership roles at Guidewire Software, McKinsey & Company, and Aon, including as a cyber & professional liability broker.
“I am deeply honored to join Relay and eagerly anticipate leading the team to achieve exceptional results for our valued customers and stakeholders,” stated Davidson. “I firmly believe that Relay possesses the right talent and resources to drive growth and success in the commercial lines property & casualty insurance sector. With our advanced capabilities and vision of a technology-empowered future, we are primed to digitally enhance the broker experience and revolutionize the insurance industry, integrating the best of 21st-century technology with centuries of human expertise and traditional business practices.”
Davidson assumes the position of CEO from Greg Boutin, who served as Founder and CEO since 2018. Under Boutin’s visionary leadership, Relay transitioned from its reinsurance roots to commercial lines, gaining remarkable traction as a Cyber insurance multi-carrier placement solution. Relay forged partnerships with leading brokerages, MGAs, and carriers, earning prestigious industry accolades and recognition such as a Global InsurTech 100 company for three consecutive years.
After securing $8.25M in funding from venture capital and business angels, Boutin led the acquisition of Relay by At-Bay, Inc. in 2022 – a decision underpinned by his strategic move to reduce financial barriers to entry for brokers to use the platform and to democratize broker access to a superior, sustainable alternative to proprietary carrier portals. At-Bay preserved Relay’s independence and is one of several cyber carriers on the platform.
Relay extends its deepest appreciation to Boutin for his exceptional leadership over the past four years. His invaluable contributions have played a pivotal role in the company’s growth and success. As the transition unfolds, Boutin will oversee the transfer of responsibilities to Davidson over the coming month.
Reflecting on his tenure, Boutin expressed his pride in his team’s collective accomplishments during his four years at Relay: “Together, we converted an exploratory venture-carrier collaboration project into the forefront of multi-carrier placement innovation for Cyber and other specialty insurance. After an exhilarating journey, I believe that Relay is now ideally positioned for success and I am thrilled to pass the baton to a new leader, marking Relay’s next phase of growth. This transition aligns with our company values and my succession plan, and I am excited to see Aaron further propel the organization forward as a market leader in specialty insurance distribution.”
- Learn more about Relay Platform in the InsurTech Spotlight.
Relay is built for both modern and traditional brokers and agents. It equips them with a friendly interface to easily add specialty lines to their client proposals. Relay lets agencies and brokerages quickly add Cyber Insurance to any quote, and also supports Management Liability and Small Commercial/BOP. Forward-looking agencies and brokerages in North America use Relay to place more business, faster and better. For more information, visit www.relayplatform.com.
SOURCE: Relay PlatformTags: InsurTech, InsurTech Spotlight, Relay