Unicorn insurtech bolttech swoops for AIG’s UK CFO to drive growth strategy

bolttech, an international insurtech start-up that  achieved the unicorn status within its first year of launch, has hired AIG’s UK chief financial officer (CFO) to bolster its leadership and help take its ambitious growth strategy to the next level.

Romaney O’Malley (pictured) is joining bolttech as group CFO, responsible for driving the financial strategy and management of the group’s businesses and operations in its 26 markets across three continents.

O’Malley brings more than 20 years of insurance industry experience. Most recently, she served as the CFO of AIG in the UK, and is a board member for AIG UK. Previously, O’Malley worked for other industry leaders including Liberty Group in South Africa and Swiss Re in the UK, with a focus on strategic finance, risk analytics and general management.

O’Malley will be joining the executive committee and report directly to Rob Schimek, group chief executive officer of bolttech. She will start her role in February 2022, taking over from Craig Merdian, who will be retiring in early 2022.

Schimek said: “Having built broad business and financial management experience throughout her insurance career, Romaney’s depth and breadth of understanding of the industry is a perfect match for bolttech to take our ambitious growth agenda to the next level. With her notable track record in strategic and operational finance management, Romaney will be a superb asset to the team and I’m looking forward to welcoming her on board. I am thrilled we continue to attract a high calibre of global talent to build out bolttech’s diverse bench of leaders.”

O’Malley commented: “Our insurance industry is currently on the cusp of a digital revolution and I am deeply inspired by what bolttech is doing to transform the industry, coupled with the team’s deep insurance expertise to improve the way insurance is distributed in the future. I look forward to working with Rob and the team at bolttech to support their ambitious vision and strong growth strategy for the business.”

Did you get value from this story?  Sign up to our free daily newsletters and get stories like this sent straight to your inbox.