Former Accenture executive Cindy De Armond has been appointed chief revenue officer of Dallas-based insurance technology platform Bestow.
“Cindy brings exceptional experience driving transformation across every major function of insurance,” Bestow Co-Founder and CEO Melbourne O’Banion said in a statement. “Her leadership will be instrumental as we continue to scale our new and existing partnerships and deliver exceptional outcomes for carriers modernizing their product portfolio and operations.”
Bestow said that DeArmond’s appointment reinforces its commitment to accelerating growth and digital transformation across the life insurance industry.
DeArmond comes to Bestow from Accenture, where she worked for 12 years and most recently served as senior managing director and insurance industry lead for technology in North America. Bestow said that over her 39-year career, DeArmond has held senior roles at IBM, Zurich, and West Monroe Partners, leading large-scale transformation initiatives for some of the world’s most recognized insurance and financial services organizations. She joins Bestow on the heels of a $120M Series D funding round for Bestow.
Bestow said that DeArmond is frequently sought after by Fortune 500 companies and industry associations for her expertise in digital transformation, emerging technology, data analytics, and AI/GenAI strategy. DeArmond has partnered with C-suite executives and boards to transform core operations across distribution, underwriting, policy administration, claims, and pricing, modernizing technology platforms and driving substantial value creation.
Bestow said its solutions empower insurers to achieve growth and profitability at unparalleled speed. In May, the company closed a $120 million oversubscribed Series D funding round co-led by Growth Equity at Goldman Sachs Alternatives and Smith Point Capital. The round included a $50 million credit facility from TriplePoint Capital.
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