Michael Daoussis Joins Newfront Insurance as Head of Program Innovation

SAN FRANCISCO, May 14, 2019 /PRNewswire/ -- Newfront Insurance is pleased to welcome Mike Daoussis as Principal and Head of Program Innovation. Daoussis will focus on building programs for Newfront. He brings decades of industry expertise and a creative mindset at a time of rapid growth for the company. His track record of innovation will add to the depth of Newfront's product offering, enabling them to build creative insurance programs and the ability to work with captives.

Daoussis brings over 43 years of experience in the insurance industry including the past eight years as vice president at USI. He has run departments dedicated to complex risk programs for real estate and construction clients at Willis Towers Watson in Los Angeles and Phoenix, the Los Angeles office of Lockton Insurance Brokers, and Guy Carpenter & Co., the world's largest reinsurance intermediary, where he spent almost a decade in the procurement of reinsurance as the casualty director. He also worked in London as a reinsurance broker at Lloyd's and other London-based insurers and reinsurers. Among his many career accomplishments, in 2005 Daoussis was granted authority by underwriters at Lloyd's and permitted to underwrite builders risk insurance on behalf of Lloyd's in the United States. In 2009, Mike created a mechanism providing a novation for insurance carriers which allowed them to accept an alternate method for financially challenged insureds. This in turn allowed them to meet their self insurance obligations in order to trigger coverage under those respective policies.

Newfront continues to grow quickly, building tools and systems to power the expertise of people, not disintermediate them. This starts with understanding the needs of producers and clients.

"As we continue to expand our offerings, Mike's innovative programs will allow Newfront to deploy proprietary technology while building out best-in-class programs and other products to benefit our customers and community," said Newfront Chief Operations and Insurance Officer Anna Beach.

"I'm extremely excited to be part of the industry-changing environment that Newfront is creating," said Daoussis. "After over four decades in the industry, I've rarely seen such a focus on personnel and resources, and I'm inspired by their dedication to making the business easier, faster, and more understandable for the consumer."

Daoussis' hire follows Newfront's appointment of Garett Kaneko as Head of Carrier Relations and Strategic Insurance Partnerships, and several other industry leaders including Principal and Head of Private Client Group Adrianne Peixotto. 

About Newfront
Newfront is a fast-growing retail insurance brokerage. We are modernizing an industry that has existed since the start of commerce. We power people with intelligent technology to confidently deliver the most optimized coverage. We transform risk into opportunity, enabling anyone to pursue their goals.

Contact: Becca Pratt978-423-1826
becca.pratt@newfrontinsurance.com

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SOURCE Newfront Insurance