Telematics specialist Trak Global seeks rapid growth in North America; appoints CEO

UK telematics firm Trak Global Group (TGG) has appointed Nino Tarantino as chief executive officer (CEO) for its insurance solutions North American business IMS, responsible for driving growth across the continent.

IMS, which was acquired by TGG in December 2018, provides end-to-end solutions enabling insurers and their customers to benefit from usage-based insurance (UBI) and extract value from telematics data right across the value-chain.

TGG is seeking opportunities to innovate within the insurtech space in the North American market. The company recently secured growth capital investment of over £40 million from Three Hills Capital Partners.

“We are in extremely good hands with Nino at the helm of our growth plans for North America,” said Nick Corrie, CEO and founder of TGG. “Nino’s appointment is a critical move in our plan to exponentially increase our global scale and, specifically, grow our North American presence. He brings unprecedented experience innovating and building connected, data-driven technology solutions for the insurance industry, and we know he is the right leader to deliver further success for our company and its customers.”

Most recently, Tarantino was the CEO of Octo Telematics North America. An insurance telematics industry leader, Tarantino is said to have grown the company from inception to more than $70 million.

Tarantino commented: “I have been privileged to build a record of success in the insurtech space as it dynamically changes the landscape for insurance carriers and their policyholders. The opportunity to join TGG at such an exciting point in its growth story was one I was delighted to accept. The company has delivered outstanding results and built incredibly strong partnerships with its customer base. I look forward to putting my experience into practice as we embrace the next chapter.”

Get all the latest re/insurance industry news with our daily newsletter -  sign up here.

Environmental risks loom large for re/insurers, reveals ESG heat map  

Marsh snags AIG, Aon senior executives in FINPRO build-out strategy

Cyber risk insurtech sets out to tackle 'silent cyber' with new approach; raises $5.5m

AXIS Insurance names new chief claims officer

New Dawn Risk strengthens team with senior Paragon hire

Feature:  10 ways insurers are using insurtech to drive new business