With new CFO, World Insurance continues to build leadership team
World Insurance Associates LLC has added another executive to its leadership team. The Iselin-based company announced the appointment of Renae Flanders as CFO April 1.
The hiring follows the addition of Andrea Haan as the fast-growing firm’s new chief human resources officer in February.
In her new position, Flanders is responsible for the financial management of World. She will partner with the firm’s businesses to support growth initiatives, manage capital allocation, and manage and mitigate risk, the company said.
Bringing 30 years of financial management experience with her, Flanders joins World from Private Health Management. There, she served as CFO, chief operating officer and interim CEO.
Before Private Health Management, Flanders worked for London-headquartered insurance agency Aon for 24 years, according to her LinkedIn profile. She started her financial career at Johnson & Higgins (now Marsh Inc.).
Growth spurt
“Renae is a highly skilled industry veteran with a proven track record of delivering sustained shareholder value, managing complicated M&A transactions and leading multi-disciplinary teams,” World CEO Rich Eknoian said in a statement. “Her vast experience and expertise are a natural fit for our next phase of growth.”
A Certified Public Accountant, Flanders earned her bachelor’s in business administration and economics from the University of Pittsburgh. She also earned an MBA from St. Joseph’s University
Based out of the company’s Garden State headquarters, Flanders assumed her new role April 1. A World representative confirmed she succeeds Brian Fitzgerald, who joined World in 2021.
“I am delighted to join World during this time of impressive growth and innovation,” Flanders said. “I look forward to partnering with the World team to build on our significant market momentum and revenue growth, while simultaneously expanding margins, managing risk and delivering on our capital allocation strategy.”
Since its 2011 founding, World has completed more than 200 acquisitions, including its most recent addition of Westmont, Ill.-based TW Group Inc.
In August 2023, World announced that funds advised by Goldman Sachs Asset Management entered into a definitive agreement to make a more than $1 billion investment in the firm to help it “aggressively execute” its growth plan.
