Newport Specialty Partners (“Newport”), a specialty insurance platform focused on partnering with high-quality MGAs and program administrators, today announced the appointment of David M. Webb, CFA, as Chief Financial Officer.
In this role, Webb will lead Newport’s finance organization and serve as a strategic partner to the CEO and the Board. His responsibilities include the finance and accounting functions of the group, strategic planning, financial analysis and reporting, capital management, and post-acquisition financial integration. He will also work closely with the leadership team on acquisitions, due diligence, and transaction structuring.
“David brings an outstanding combination of specialty insurance experience with a strong track record in M&A, financial leadership, and building specialty insurance businesses,” said Dennis DiCapua, Chief Executive Officer of Newport Specialty Partners. “He has served as CFO of a fast-growing MGA and has led acquisitions for a public specialty platform, which is exactly the combination we need to scale the business.”
“I am excited to join Newport at such an important point in its development,” said Webb. “I look forward to partnering with Dennis and the leadership team to capitalize on growth opportunities, support the execution of initiatives that will drive long-term value creation, and build a strong financial foundation that will help our portfolio partners maximize their potential.”
Webb brings more than 25 years of finance experience, including two decades in insurance, spanning specialty carriers, reinsurers, and MGAs. Most recently, he was Managing Director for Octave Specialty Group (formerly Ambac), a publicly traded MGA-focused platform. He previously held leadership roles in finance and accounting, strategy, corporate development, program management, and reinsurance at Players Health (a program manager and brokerage), Hallmark Financial and State National Companies.
Webb holds a Bachelor of Arts from the University of Colorado, an MBA from Wake Forest University, and is a CFA charterholder.
About Newport Specialty Partners
Newport Specialty Partners is a specialty insurance platform focused on partnering with high-quality MGAs and program administrators across the U.S. property and casualty market. Newport provides strategic capital, operating support, carrier and reinsurer relationships, technology resources, and M&A capabilities while preserving the entrepreneurial culture and underwriting discipline of its partner companies. Newport is backed by Lovell Minnick.
View source version on businesswire.com: https://www.businesswire.com/news/home/20261110128666/en/
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