5Star Life Insurance hires new CFO
5Star Life Insurance Company has appointed John Naum as its new CFO, succeeding Kimberley Wooding, who has retired from the position.
Wooding stated: “John and I have collaborated closely to ensure a smooth transition of the CFO role. I am confident that his financial acumen will support 5Star Life’s ongoing growth while preserving our financial strength.”
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Naum has more than 20 years of experience in the insurance industry. Most recently, he was the associate vice-president of finance at United Educators Insurance, where he assisted the CFO with financial strategy, reporting, budgeting, forecasting and investment management.
His previous positions include CFO at Loggerhead, VP of finance at Northern Neck Insurance, and finance roles at Allianz, Genworth, DXC Technology and the Florida Office of Insurance Regulation.
5Star Life president Larry Spencer said: “We are thrilled to welcome John to our team. He brings a wealth of experience and a proven track record in financial leadership that will be invaluable as we navigate the evolving landscape of our industry and implement the next phase of our enterprise strategic plan.”
John added: “It is a privilege to step into this role with 5Star Life. I am committed to advancing the organisation’s meaningful mission and supporting its strategic objectives.”
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By GlobalData5Star Life, which operates as the life insurance underwriter for the Armed Forces Benefit Association’s member benefits, along with offering group and worksite voluntary insurance products, is licensed across 49 US states.
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