Obsidian Insurance Holdings Appoints Armstrong as Chief Client Officer

Obsidian Insurance Holdings Inc., a fronting insurance holding company, has appointed Stacy Armstrong as chief client officer.

Armstrong is a senior executive with more than 25 years of insurance and reinsurance industry experience. Her new role will include responsibility for managing client and reinsurer relationships.

Armstrong most recently served as executive vice president of Underwriting, M&A and TPA Management at Cranmore, an advisory and consulting service unit of global insurance group Enstar Group.

Prior to Cranmore, she served in various underwriting and marketing leadership positions for 20 years with Maiden Re and its predecessor organization, GMAC Re, most recently as executive vice president of Broker Treaty & New Products. In that role, she led the development of insurance products and strategic partnerships.

She began her career at St. Paul Re, followed by Zurich Re, where she held underwriting positions.

Obsidian was formed earlier this year in partnership with insurance industry executives and Genstar Capital. Obsidian Insurance Holdings Inc., through its insurance carrier subsidiary Obsidian Insurance Company, is a fronting insurance holding company to issue policies underwritten by managing general agents, managing general underwriters and program managers. Obsidian will source, underwrite and manage a diverse portfolio of property, casualty and specialty insurance programs and reinsure the majority of the business to select reinsurers.

Source: Obsidian Insurance Holdings Inc.