5Star Life Insurance Company Announces John Naum as New CFO
5Star Life Insurance Company has recently appointed John Naum as its new Chief Financial Officer, taking over from Kimberley Wooding who has retired from the position. Wooding expressed her confidence in Naum, stating, “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.”
With over 20 years of experience in the insurance industry, Naum brings a wealth of knowledge to his new role. Most recently, he served as the associate vice-president of finance at United Educators Insurance, where he worked closely with the CFO on financial strategy, reporting, budgeting, forecasting, and investment management. Naum’s previous positions include CFO at Loggerhead, VP of finance at Northern Neck Insurance, and various finance roles at Allianz, Genworth, DXC Technology, and the Florida Office of Insurance Regulation.
5Star Life president Larry Spencer expressed his excitement about Naum joining the team, stating, “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.”
In response to his new appointment, John Naum shared, “It is a privilege to step into this role with 5Star Life. I am committed to advancing the organization’s meaningful mission and supporting its strategic objectives.”
5Star Life operates as the life insurance underwriter for the Armed Forces Benefit Association’s member benefits, in addition to offering group and worksite voluntary insurance products. The company is licensed across 49 US states.
The announcement of John Naum as the new CFO was originally published by Life Insurance International, a GlobalData-owned brand.
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