Sheldon Kenton is replacing Chris DiSipio as CEO of Global Benefits Group (GBG), the insurer has announced.
DiSipio will move to become non-executive chairman of the board of the holding company, it added.
Kenton joins GBG today after leaving Bupa Global in May where he had been managing director of Bupa Global and president and CEO of the GeoBlue joint venture between Bupa and the Blue Cross/Blue Shield.
He has spent 25 years in the global health and insurance industry with the last six and a half years in the Bupa Global organisation.
Prior to that he spent 18 years at Cigna with spells as chief commercial officer of Cigna Global Health Benefits and managing director for EMEA of Cigna Global Health Benefits.
Kenton said he was delighted to have the opportunity to lead the insurer and was looking forward to pursuing the “tremendous opportunities” in the market.
“I want to thank Chris, the GBG executive team and the wider team for all their hard work and I look forward to the future with great enthusiasm,” he said.
Kenton added the company was positioned to grow its leadership standing within existing markets and “carve out new and exciting opportunities in new markets”.
DiSipio has been leading GBG for almost four years after being appointed to the CEO role in November 2018.
DiSipio said he was very pleased to welcome Kenton to the business.
“As we enter a post-Covid growth phase, Sheldon is the perfect fit to lead GBG into its next chapter. I am also personally excited to join the board where I will be able to ensure a smooth transition into 2023,” he added.
Eric Leathers, a founding partner of majority GBG shareholder Further Global Capital Management said the organisation was thrilled to welcome Kenton as the new CEO.
“He brings a wealth of international private medical insurance expertise and relationships to GBG which will help take the business to the next level of growth and profitability,” he said.
“We also want to thank Chris for his tremendous efforts in stewarding GBG through an unprecedented period and look forward to welcoming him as non-executive chairman of the board of directors.
“Further Global is more committed than ever to the growth and success of GBG for the benefit of its clients, reinsurance partners, employees, and other stakeholders.”
