Aspida Appoints Chief Technology Officer and Director of Digital Product Management, Reinforcing Its Commitment to Technology Leadership

April 23, 2024 at 08:45 AM EDT

The strategic hires further solidify the company's position as a digital leader in insurance

Aspida, a life insurance and annuity company, today announced the appointment of two strategic hires, welcoming Jason Pedone as Chief Technology Officer and Derek Clinton as Director of Digital Product Management. These new hires will play a pivotal role in the continued development and advancement of the company's cutting-edge, in-house technology stack and unified data architecture. The news follows the appointment of Alex Seidita as Chief Information Officer and demonstrates Aspida’s commitment to assembling a team of technology experts to guide its modern approach to insurance and maintain its position as a digital leader in a traditionally paper-driven industry.

Founded in 2021, Aspida is revolutionizing the industry with its unique technology platform and service model. The platform enables Aspida to operate as a tech-first provider delivering the speed, efficiency, and scalability required for partners and providers to thrive in an evolving market. Having developed its technology stack entirely in-house, Aspida is unencumbered by legacy systems and technical debt. By cutting full dependence on external systems, this enables the company to innovate and adapt quickly to changing market conditions and consumer needs, bridging the gap between customer expectations, available products, and providing self-service technology.

"Our unique perspective on technology isn't just about current trends – it's about pioneering the future of annuity services. We see technology as a fundamental pillar to redefine industry standards, create unmatched user experiences, and lead the way in innovation," said Alex Seidita, CIO at Aspida. "These appointments underscore our commitment to putting the right leaders in place to drive our digital transformation efforts and deliver innovative solutions to our clients."

Pedone brings to the team a wealth of experience as an engaged and hands-on technical leader with a proven track record in platform development and establishing modern and flexible technology architecture. Prior to joining Aspida, he served as the SVP and Head of Digital and Consumer Channels Engineering Division at Truist Financial, where he led 40 agile development teams responsible for the engineering and delivery of digital product portfolios supporting over 10 million customers. As Chief Technology Officer, his expertise in aligning product, business, and technology will enable Aspida to further cement its position as a digital leader in the insurance industry.

"The technology infrastructure Aspida has built marks a significant leap forward for the insurance industry. Today's partners and clients are more tech savvy than ever before, and they expect the seamless, digital experience we enable," shared Jason Pedone, Chief Technology Officer at Aspida. "I'm excited to support Aspida's journey to shape the future of the industry and establish new benchmarks for client-centric solutions in the digital age."

In his role as Director of Digital Product Management, Clinton will leverage more than 13 years of experience in product, program, and innovation management to drive user-centric innovation. Clinton's ability to understand customer needs and translate them into tangible, meaningful products has led to his success in delivering transformative go-to-market solutions. Previously, Clinton was Head of Product and Innovation, Venture Development at Pacific Life, where he spearheaded the development of a customer-centric global product strategy and consistently launched products that drove over $40 million in new revenue or cost savings while managing a $5 million product and innovation team.

Aspida's meticulously crafted, modern technology platform prioritizes user needs to ensure every feature is essential, intuitive, and streamlined. This innovative approach benefits customers and partners by delivering unparalleled speed, usable and scalable solutions and self-service quality. Through its advanced technology and the technical expertise of its growing team of digital leaders, Aspida has revolutionized the way annuity services are delivered, leading the industry's digital transformation.

About Aspida

Aspida Holdings Ltd., through its subsidiaries (collectively “Aspida”), is focused on providing retirement and reinsurance solutions, having operations in the U.S. and Bermuda with total assets of $13.7 billion as of December 31, 2023. Aspida, through its U.S. platform – Aspida Life Insurance Company – is focused on leveraging technology and agility to help clients achieve – and protect – their dreams. Its Bermuda-based reinsurance platform, Aspida Life Re, is focused on providing efficient and secure life and annuity reinsurance solutions to global clients. Aspida seeks to be a trusted partner in its clients’ financial security while driving its growth by doing good for the communities it serves. Aspida is an indirect subsidiary of Ares Management Corporation. For more information, please visit: www.aspida.com or follow them on LinkedIn.