The Changing Game of Connected Insurance Services
Wednesday, December 5, 2018
5:00 to 7:30 p.m.
Insuretech is a hot topic, especially here in Connecticut.
Join us on December 5th to hear Xtract—a startup with a claims tool that aggregates and visualizes crash data for the auto-insurance industry—present their business case to our experts and the audience.
After the presentation, our experts in venture capital and insurance brokerage will break down their thoughts on the problem Xtract is trying to solve, their solution, the market, the competitive landscape, their growth strategy and more. We’ll then leave plenty of time for the audience to ask their own questions and to learn much more about the growing Insuretech space.
- 5:00 pm – 5:30 pm: Reception and networking
- 5:30 pm – 7:00 pm: Program
- 7:00 pm – 7:30 pm: Networking
Tim McCarthy, Board Member, Xtract
Tim sits on the Board of Xtract, a Dublin, Ireland based firm that is disrupting the Insurance Claims process and is president of Kildare Consulting, a full-service advisory firm focused on working with early-stage technology startups. He graduated from the University of Massachusetts (BS) and Babson College (MBA). His professional career began in Hartford, CT working with IBM where he held a number of responsibilities in Sales and Business Development. He has been a principal and founding member of several startups including iPhrase Technology which was acquired by IBM. Kildare Consulting has a focus on identifying high potential SaaS B2B technology startups where improved investment and market development can accelerate growth. Kildare has an additional focus on working with foreign firms, including Irish startups, that seek to expand in the US market.
Doug Roth, Managing Director, Investments, Connecticut Innovations
Douglas is responsible for sourcing new investment opportunities, conducting due diligence, negotiating investment terms, and supporting the growth and success of portfolio companies. Before joining CI, Douglas gained extensive experience with early-stage businesses as both an operator and adviser. He founded a consulting firm to assist early-stage companies to identify and assess growth opportunities, generate sustainable revenue and manage intellectual property. As a senior consultant at a boutique management consulting firm, Douglas was a strategic adviser to companies in the software, telecommunications, information technology, and medical device industries. He advised investors of early-stage businesses, representing more than $250 million in invested capital. Earlier in his career, Douglas spent more than a decade as an operator in the telecommunications industry, primarily focused on building international voice, data and IP networks.
Thomas A. Schultz, Committee Chair, Cannabis Packaging & Labeling Committee
Tom Schultz is a Wall Street lawyer and investment banker turned pharmaceutical executive. He started as a lawyer with Mudge Rose Guthrie Alexander & Ferdon, working on large transactions in New York City. He left Mudge Rose to form a Wall Street investment banking firm, which National Westminster Bank later acquired. In 1996, Schultz completed an IPO-oriented merger of the last major producers of witch hazel, the EE Dickinson Company, and the TN Dickinson Company. Witch Hazel is a heavily used botanical product in the health, wellness, and beauty industry. He then assumed the leadership of Dickinson Brands Inc., the resulting firm. By 2003, Schultz had led the buyout of the EE Dickinson interests and managed the acquisition of Humphreys Pharmacal Incorporated, a company that marketed witch hazel to Central and South American markets. He is currently President of Connecticut Pharmaceutical Solutions, one of four licensed medical marijuana producers in Connecticut. Mr. Schultz is also the founder and President of the Canaan Foundation, which works on technology transfer initiatives for schools in Kenya and Cameroon.
John Ireland, President, Upfront Analysis
John Ireland has held positions as CEO, CFO, COO and Director of Business Development in both private and public corporations in several verticals. Most recently, Mr. Ireland worked as CFO and COO for Sightlines, a facility benchmarking firm that grew from less than $1 million in revenue to over $7.5 million while he was employed by them. Mr. Ireland was the Founder and CEO of Downstream Energy Corporation focusing on providing an Internet-based solution that would be an innovative alternative to the existing manual business processes and proprietary technologies available to support communication between suppliers and marketers of petroleum refined products. Mr. Ireland has a bachelor’s degree in chemical engineering and a master’s degree in biochemical engineering from Brown University. He also holds an MBA from MIT’s Sloan School of Management.
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