Bermudian-based Aspida Holdings Ltd, the life insurance and annuity company, has appointed Jason Pedone as chief technology officer and Derek Clinton as director of digital product management.

The company said the new hires will play a pivotal role in the continued development and advancement of the company's cutting-edge, in-house technology stack and unified data architecture.

The news follows the appointment of Alex Seidita as chief information officer and, the company said, demonstrates Aspida’s commitment to assembling a team of technology experts to guide its modern approach to insurance and maintain its position as a digital leader in a traditionally paper-driven industry.

Mr Seidita said: "Our unique perspective on technology isn't just about current trends; it's about pioneering the future of annuity services.

“We see technology as a fundamental pillar to redefine industry standards, create unmatched user experiences and lead the way in innovation.

"These appointments underscore our commitment to putting the right leaders in place to drive our digital transformation efforts and deliver innovative solutions to our clients."

Aspida Holdings, through its subsidiaries, provides retirement and reinsurance solutions, having operations in Bermuda and the United States with total assets of $13.7 billion as of December 31, 2023.

Its Bermudian-based reinsurance platform, Aspida Life Re, provides life and annuity reinsurance solutions to global clients.