CHICAGO — (BUSINESS WIRE) — PEAK6, an investing and technology company, announced today that Andrew McGuire has been named Managing Director to co-lead an insurance operations effort with Deb Franklin. McGuire is a recognized leader in the insurance industry and brings more than 25 years of experience to PEAK6.
As Managing Director, McGuire will leverage his expertise building personal, small business and commercial lines insurance organizations to establish a new operation within PEAK6. He will report to PEAK6 Partner George Ruhana and focus on building and implementing new processes to capture growth opportunities within the insurance industry that incorporate world-class technology.
“Andrew brings a uniquely broad range of industry experience with a proven track record of building insurance operations from the ground up. His efficient approach to integrating technology and business functions aligns with PEAK6’s vision for the insurance industry. We are excited to see him work with Deb to realize new opportunities to offer insurance the way it ought to be,” said PEAK6 co-founder Jenny Just.
McGuire brings deep risk management and reinsurance expertise to this new role. Prior to PEAK6, McGuire served as an Executive Vice President at National General Insurance. His long career in the insurance industry spans disciplines including claims, sales, underwriting, product, pricing and information technology. He has held leadership positions at Firemans Fund Insurance Company, Zurich Insurance and Allstate Insurance. He began his career at Safeco Insurance.
“Entrepreneurship has been the cornerstone of my insurance career thus far and is coincidentally what drew me to PEAK6,” said McGuire. “I look forward to bringing the lessons learned along the way to this new adventure and building on previous success to develop a best-in-class insurance operation within PEAK6, a company with a culture of trust in its people to take risks and capitalize on opportunities where others won’t.”
McGuire received a Bachelor of Arts in economics from The University of Illinois, where he was an Evans Scholar.
PEAK6 uses technology to find a better way of doing things. The company’s first tech-based solution was developed in 1997 to optimize options trading and, over the past two decades, the same formula has been used across a range of industries, asset classes and business stages to consistently deliver superior results. Today, PEAK6 seeks transformational opportunities to provide capital and strategic support to entrepreneurs and forward-thinking businesses, helping to unlock potential and activate what is into what ought to be.
Jordan Niezelski, Edelman