Securing a High-Impact CIO to Drive Technology Integration in a Top 25 US Insurance Agency

Rapid growth brings complex challenges. When an insurance platform expanded through 100+ acquisitions, it faced a critical need to unify its technology and operations. To solve this, the company turned to Hanover Search to deliver a high-impact Chief Information Officer (CIO), one with the expertise to drive integration, efficiency and long-term scalability.

In just 10 weeks, we identified and placed a transformational CIO, ensuring both speed and precision in a highly competitive market. Here’s the full story.

Background

Our client – a dynamic, private equity-backed insurance agency platform – has undergone remarkable growth over the past three years. Through a bold acquisition strategy, it has integrated more than 100 agencies, rapidly scaling its presence and capabilities.

Now ranked among the Top 25 US insurance agencies, the firm delivers a comprehensive suite of Property & Casualty and Employee Benefit products. This rapid expansion has positioned the company as a formidable industry player, leveraging its network to drive innovation, enhance client offerings and solidify its standing in an increasingly competitive market.

The Challenge

Explosive growth often comes with growing pains. After making a substantial number of acquisitions in a relatively short time frame, our client had little time to drive any meaningful integration, leading to a tangled web of technology, with considerable duplication across the different agencies. In fact, more than 20 different agency management systems were in play, creating inefficiencies, unnecessary costs and a lack of cohesion across the business.

Recognizing the need for transformation, our client set out to create a new role for a CIO, a strategic appointment that would:

• Unify technology by consolidating disparate systems and introducing best practices
• Streamline operations to enhance efficiency and support continued growth
• Leverage economies of scale to secure cost savings with core technology vendors

Beyond technical expertise, the ideal CIO needed to be a visionary – a highly experienced leader capable of building a Chief Information Office from the ground up, which would not only add value to the existing agencies, but would also strengthen future acquisitions by making seamless integration a key differentiator.

The challenge wasn’t just about finding a candidate with the right skillset. It was about identifying someone who could align with the company’s fast-moving, acquisitive culture and set the technological foundation for long-term success.

The Solution

The ideal candidate needed to be an executive-level technology leader with firsthand experience navigating rapid acquisitions in a private equity-backed insurance environment.

To meet this challenge, we deployed our highly research-driven executive search methodology to identify prospective candidates, focusing our efforts on senior technology leaders from:

• Large agency platforms, brokers and Managing General Agents (MGAs)
• Carriers and insurtechs with experience in digital transformation
• Organizations that had successfully streamlined systems following multiple acquisitions

Within two weeks, we delivered a holistic market overview and a longlist of 50 prospective CIO candidates. After consulting with our client to refine the target list, we took their proposition to market, crafting a compelling narrative that was very well received by our target audience and ensured strong engagement from those candidates which had been prioritized.

Over the next two weeks, we executed a meticulous headhunting and interview process on our client’s behalf:

• Conducted in-depth interviews to assess leadership, strategic vision and technical expertise
• Developed a shortlist of six standout candidates, each accompanied by bespoke executive bios tailored to our client’s specific needs
• Advised on strengths, potential development areas and cultural fit for each candidate

Our client interviewed all six shortlisted candidates, ultimately advancing their preferred two through a multi-stage, high-efficiency interview process. Within just four weeks, both candidates met with all executive stakeholders, ensuring alignment on leadership vision and strategy.

Once the top candidate was selected, we facilitated a seamless offer negotiation, ensuring that candidate and client conversations were articulate from the outset, which led to a smooth negotiation process in which expectations were quickly met on both sides.

The Outcome

In just 10 weeks – from search sign-off to start date – we successfully placed a transformational CIO, equipping our client with the leadership they needed to drive technology consolidation, enhance operational efficiency and unlock long-term value across their growing portfolio of agencies.

This rapid yet rigorous process was a testament to the highly effective partnership we built with our client. By aligning on strategy from day one, we ensured speed without sacrificing quality, delivering a best-in-class executive who could drive real impact.

With the right CIO in place, our client is now positioned to capitalize on their scale, integrate systems seamlessly and set a new standard for future acquisitions.