CIOReview
CIOREVIEW >> Banking & Insurance >>

Buckle Declares Top Financial and Insurance Executive Kristi Matus as Corporate CFO and COO

By CIOReview | Friday, October 16, 2020

The CEO of Digital Partners, Andrew Rear, is appointed as Buckle’s new Chairman of the Board.

FREMONT, CA: uckle is a tech-enabled financial services company, announced the appointment of two industry leaders. Kristi Matus, an executive advisor for Thomas H. Lee Partners and CFO of USAA, is at present the company’s CFO and COO. Andrew Rear, CEO of Digital Partners, has been appointed Chairman of Buckle’s Board.

“Buckle is rapidly moving in its mission to provide insurance, credit, and advocacy to Transportation Network Companies (TNCs) providers and platforms,” says Marty Young, Co-founder and CEO of Buckle. “As USAA has provided top-rated banking and insurance to military members and their families, we are passionate about doing the same for the gig economy. Kristi’s in-depth experience, from beginning her career as an actuary and quickly moving to the executive ranks of insurance, credit, and investment management will allow us to progress in our charge and navigate the company through rapid growth.” 

During almost a decade with USAA, Kristi also worked as the President of Life Insurance and Investment Services and as President of the Life Insurance Company. She also served as the Executive VP, and Chief Financial and Administrative Officer at athenahealth, Inc. and Executive VP and Head of the Government Services Segment at Aetna, Inc. Kristi is currently working on the boards of Cerence (CRNC), Equitable (EQH), and Alliance Bernstein (AB). 

“Throughout my career, I’ve sought opportunities where there was a genuine drive to create the asset of long-term economic value for shareholders while building a legacy of delighting customers,” states Kristi Matus. “Being part of the Buckle team allows me to utilize 30 years of experiences in a way that can truly transform finance and insurance to support the gig economy, consistent with economic and social changes that have occurred in the workforce.” 

Andrew Rear joined Munich Re, a leading Asia, Africa, and UK life business until 2016, when he took the CEO of Digital Partners. Digital Partners is a worldwide business working with, and investing in, start-ups, digital verticals, and the gig economy with the ambition of building an engaging proposition for insurance customers. Previously, he was a partner and the head of the EMEA insurance practice at Oliver Wyman.

“I’m excited to be joining Buckle’s board,” says Andrew Rear. “The gig economy is the most significant economic development of the last decade, and one which the insurance industry has yet to get a grip on. Through its products, analytics and technology, Buckle is the most comprehensive platform to address the distinct needs of gig workers.”

Both appointments will steer Buckle as it continues to utilize the non-traditional data sources and analytics models to create better pricing and improved risk evaluation for gig workers. The knowledge and experience will help the company continue its mission to offer more affordable insurance and credit products that provide well-deserved support to gig economy workers and the TNC platforms that contract them.