PHILADELPHIA, PA — CalcFocus, a provider of core systems for life, health, and annuity insurers, is entering a new phase of growth following a leadership transition and strategic partnership aimed at accelerating digital transformation across the insurance industry.
The company, which delivers mission-critical core systems to nearly 20 individual and group insurance carriers and service providers, announced the appointment of insurance technology veteran Sandia Ren as chief executive officer. Ren brings more than 25 years of industry experience, including nearly two decades at Guidewire and her most recent role as chief delivery officer at Vitech.
CalcFocus develops software designed to replace aging legacy systems, improve speed to market, and increase operational efficiency for insurers facing rising complexity and competitive pressure. The company said it has maintained a 100 percent success rate across implementations and system migrations, positioning itself as a lower-risk alternative for carriers undertaking large-scale modernization efforts.
Co-founders Tommy and Lindsey McCahill will continue to help lead day-to-day operations and retain a meaningful ownership stake in the company. Tommy McCahill will move into the role of chief product officer, where he will remain closely involved with customers and product development.
“Since founding CalcFocus in 2014, we have seen tremendous growth as we pursue our vision of driving digital transformation in the life insurance industry,” McCahill said. “I could not be more excited to work alongside Pamlico and Sandia. They believe in our vision, and their relevant experience and resources will accelerate the pace at which we can deliver innovative solutions for our customers.”
Ren said the company is well positioned to build on its existing customer base and expand its impact across the insurance sector.
“The CalcFocus leadership team has done an exceptional job establishing CalcFocus as a trusted partner to many leading insurance carriers,” Ren said. “They have an enduring passion for this market and a strong base of happy customers. I’m excited to work with them along with the Pamlico team to build on their success to date and drive continued growth and innovation.”
The leadership announcement comes as CalcFocus deepens its partnership with Pamlico Capital, a private equity firm focused on middle-market investments.
“We are thrilled to partner with Sandia, Tommy, and the CalcFocus team and look forward to working with them as they continue to build a market-leading platform,” said Walker Simmons, a partner at Pamlico Capital. Pamlico principal David Allen said the insurance software market is undergoing significant change as carriers modernize core systems, creating long-term growth opportunities for companies such as CalcFocus.
Alston & Bird LLP served as legal advisor to Pamlico Capital. Morgan Partners acted as exclusive financial advisor, and Fox Rothschild LLP served as legal advisor to CalcFocus.
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