SE2 Announces New Chief Financial Officer
SE2, a recognized industry leader providing technology driven third-party administration services for many of the top life insurance companies in the US, announced today the appointment of Rex Tessendorf as Chief Financial Officer. The announcement comes following the retirement of former CFO, Jim Schmank.
Tessendorf brings a wealth of cross-functional knowledge between finance and operations, team leadership and strategy focus to the SE2 team. He previously spent 26 years in various leadership roles in the retail industry with a focus on customer service, expense management and process improvement. Tessendorf will play a key role in implementing SE2’s strategic growth plans and achieving its financial goals as the business continues to deliver solutions that help insurers reduce operating cost, consolidate platforms, better manage risk, and launch new products in the market.
“As a leader in technology-driven life insurance and annuity services, SE2 enables insurers to future-proof their operations, enhance the customer experience, and create efficiencies throughout the value chain,” said Gautam Thakkar, CEO of SE2. “With Rex’s breadth of experience with go-to-market strategies as it relates to the financial side of the business, we’ll be able to further position ourselves as the premier technology and operations service provider for insurance carriers.
Having recently taken majority ownership of Life.io, an insurtech focused on customer engagement for the insurance sector, SE2 is well situated to advance its business growth journey and enable insurers to capture untapped markets. Paired with the SE2 Aurum Platform and comprehensive operation services, carriers can deliver an engaging, frictionless and personalized experience to current and prospective policyholders.
“While the insurance industry looks for new ways drive growth, SE2’s Aurum Platform and operations services remain ahead of the curve,” says Tessendorf. “As market adoption continues to increase, I look forward to helping drive SE2’s growth plans while uncovering new avenues for efficiency and improvement, both for the business and our customers we serve.”
Learn more at www.se2.com.
About SE2
SE2, an Eldridge Industries business, is a leader in digital technology enabled third-party administration services for the US life and annuity insurance industry. SE2 specializes in transforming the life and annuity insurance customer experience through its comprehensive and flexible digital platform and ecosystem. SE2 builds on its 125+ years insurance industry heritage to uniquely combine peerless industry knowledge with its end to end digital platform to enable carriers to rapidly create digital channels, launch products, optimize the cost of closed blocks, shift to a variable cost model, and improve efficiencies. SE2 has over 25 clients, services 1,000+ life and annuity products, has over $100 billion in assets under administration, and handles more than 200,000 new business applications annually. SE2 has an unmatched track record in delivering future-proofed next-generation business operations. Please visit SE2 at www.SE2.comor our LinkedIn community to learn more.
About Eldridge Industries
Eldridge Industries (“Eldridge”) invests across diversified industries with a focus on asset management and leasing; food, convenience, and consumer experiences; real estate lending and development; retirement income, insurance, and insurance technology; sports and media. In particular, the firm seeks to build and grow businesses led by proven management teams that have demonstrated leadership and experience to scale an enterprise. Eldridge is headquartered in Greenwich, Connecticut, with additional offices in Beverly Hills, New York, and London. To learn more about Eldridge Industries please visit www.eldridge.com.
