CLEARWATER, Fla., May 06, 2019 (GLOBE NEWSWIRE) -- Assured Risk Cover (ARC) today announced that Tom Freeland has joined the company as Market President and Investor. Freeland will be responsible for growing the revenue streams of StormPeace™ residential and commercial parametric insurance.

“I am thrilled to be joining the ARC team and spearhead their efforts on distribution and revenue growth for their innovative product StormPeace,” says Freeland. “I believe in ARC’s vision to bring immediate financial relief to people and help them get back on their feet quickly after a disaster. This product is proven, it’s necessary and the challenge is compelling.”

Freeland has worked with startups as well as mature businesses within and outside the insurance industry. He has deep experience competing in the Property & Casualty insurance marketplace, including an engagement at GuideWell Connect, where he led a team that assembled and delivered a suite of best-in-class auto and home insurance products including StormPeace to over five million health care members in Florida.

He also held positions of increasing responsibility with Atlanta Casualty, a Great American/American Financial subsidiary that grew from $90 million to $595 million in revenue and from five to 36 states during his tenure. Freeland managed the company’s distribution strategy, building relationships with independent agents, national accounts, affiliates and vendors. He also worked on the team that spun off Infinity Property & Casualty Corporation (IPCC).

“We are excited to welcome Tom to Assured Risk Cover,” says Alok Jha, ARC founder and CEO. “He believes in what we are doing to help close society’s protection gap and has the passion and industry acumen to convert our value proposition into transformative growth.”

Assured Risk Cover (ARC) is a venture-backed Silicon Valley corporation based in Pleasanton, California. ARC is founded by an experienced team of catastrophe risk professionals whose singular vision is to bring immediate financial relief to people globally following catastrophes. Alok Jha (CEO) and Kanwal Rekhi (lead investor from Inventus Capital Partners) form the Board of Directors of ARC. Kevin McCarty (former Florida insurance commissioner) is on the Board of Advisors of ARC. StormPeace is backed by highly rated insurance and reinsurance companies—rated A- and A+ by A.M. Best, respectively. For more information, visit www.stormpeace.com.

Contact:
John Novaria
310.857.8934
john@assuredriskcover.com