J.D. Power, a portfolio company of XIO Group, has named Kyle Schmitt as managing director of global insurance practice. Previously, he worked at State Farm. Headquartered in Costa Mesa, California, J.D. Power is a provider of consumer insights, advisory services and data and analytics.
COSTA MESA, Calif., Oct. 24, 2018 /PRNewswire/ — Kyle Schmitt, a leading expert in insurance and corporate strategy, has been hired as Managing Director of the Global Insurance Practice at J.D. Power, the global leader in industry intelligence & customer experience.
In this role, Schmitt will report directly to Keith Webster, Senior Vice President and General Manager, Global Financial and Service Industry Division. Schmitt will lead the growth strategy for the Global Insurance Practice by leading a team of talented practice leaders and working closely with the sales, marketing, analytics and research groups. As the insurance industry continues to face challenges from emerging technologies and in delivering outstanding service to their customers, Schmitt and his team at J.D. Power are well equipped to provide insights and advice that will drive performance improvements for our clients and for the industry at large.
“J.D. Power is extremely pleased to add such a forward thinking, prominent member of the insurance industry to our leadership team,” Webster said. “Schmitt’s previous work experience gives him the unique global and corporate view of insurance that will be extremely beneficial for us as well as our clients.”
Schmitt, who most recently worked as a Director leading Business Strategy within key operating units at State Farm Insurance Companies, has spent his career focusing on growth, market strategy and corporate finance solutions. While at State Farm, he led several growth and performance improvement initiatives within the life insurance and P&C claims business units. Prior to State Farm, Schmitt was Vice President of Investment Banking in the insurance M&A division at Barclays in London where he advised global executives and boards on market strategy, deal structuring, risk management and valuation optimization.
J.D. Power is a global leader in consumer insights, advisory services and data and analytics. These capabilities enable J.D. Power to help its clients drive customer satisfaction, growth and profitability. Established in 1968, J.D. Power is headquartered in Costa Mesa, Calif., and has offices serving North/South America, Asia Pacific and Europe.
J.D. Power is a portfolio company of XIO Group, a global alternative investments and private equity firm headquartered in London, and is led by its four founders: Athene Li, Joseph Pacini, Murphy Qiao and Carsten Geyer.
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