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Freshly minted insurtech unicorn bolt has named a new CEO following its record-breaking Series A funding round.

Effective immediately, the company’s CEO, Eric Gewirtzman, will transition to become the CEO of Insurance Exchange for bolttech (bolt’s international parent company) and will be responsible for defining and implementing the group's global insurance exchange strategy across North America, Asia, and Europe. In his place, Chief Revenue Officer Jim Dwane will assume the corner office as bolt’s new CEO.

In a , bolttech Group CEO Rob Schimek called Gewirtzman “the obvious choice to now lead bolttech's global insurance exchange business into our next chapter of growth and expansion.”

Schimek added, “I'm also thrilled Jim will succeed Eric, and we are confident he will build upon the success of the business and further accelerate its growth."

As bolt’s CEO, Dwane will join bolttech group's executive leadership team and lead its subsidiary’s growth strategy across all business lines in the US. He brings three decades of insurance industry experience and before he joined bolt to lead its revenue team had been the President and CEO of AIG in Latin America and the Caribbean and served as President and CEO of AIG Agency Auto.

Earlier this month the insurance startup’s parent company, bolttech, revealed a record breaking round that was led by Activant Capital Group. The funding round was the largest in insurtech history and catapulted the company, which was founded in 2020, to achieve unicorn status.

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