Marsh subsidiary Dovetail Insurance has a new CEO: Rich Drab. Drab joins from IBM where he was a Partner in the firm's Global Business Services arm. In his new role, based out of the firm's Chicago office, he will report directly to the President of Marsh’s Insurance Service Group, Kevin Tobin.
Dovetail Insurance, located in Columbia, South Carolina, was acquired by Marsh in 2015. The acquisition netted Marsh with a key cloud-based technology platform, which has since been dubbed the Dovetail Platform, that provides independent insurance agents, on behalf of their small business clients, obtain online quotes from multiple insurance providers and bind insurance policies in real time. The acquisition, which became a part of Marsh’s Global Risk & Specialties segment, supports, according to the firm, its SME strategy in the US.
Marsh has announced Rich Drab as Dovetail Insurance’s new CEO. Drab joins from IBM Global Business Services where he was Partner, and where he has worked from 2012. Previously, he was a Partner at Customer Engagement firm Rosetta from 2006, and a Vice President at Sapient. He joined Accenture in 1989, growing to the role of Associate Partner. Drab holds a Bachelor of Business Administration from the Loyola University Chicago.
In his new role at Marsh, Drab is responsible for growing Dovetail’s business through product innovation and client engagement. He will report directly to Kevin Tobin, President of Marsh’s Insurance Service Group.
Commenting on the appointment, John Drzik, President of Global Risk and Specialties, says, “The pace of innovation in insurance distribution is unprecedented, creating unique opportunities for Marsh and Dovetail. Rich spent more than two decades developing state-of-the-art technology solutions for the insurance industry and brings significant experience in scaling firms rapidly. He is the ideal person to lead Dovetail forward in the next phase of its evolution.”
In response, Drab says, “I look forward to leading this dynamic organisation and meeting the growing demand for innovative insurance technology services.”