CCC Intelligent Solutions appoints new president
CCC Intelligent Solutions (CCC) has named Tim Welsh as its new president, effective from 24 March.
Welsh will head all market-facing functions to support CCC's clients in their digital transformation.
He recently led a digital overhaul at US Bank within the $10bn consumer and small-business banking division.
His background includes more than 26 years at McKinsey & Company, where he provided operational guidance to property and casualty (P&C) and life insurers.
During his tenure at McKinsey, he served as senior partner and was elected to the company's shareholders council, akin to the board of directors.
He also took charge of McKinsey's global learning and development initiatives.
CCC chairman and CEO Githesh Ramamurthy said: 'Tim's extensive expertise across the insurance economy and in digital transformation will help our customers accelerate their journeys with confidence. He comes with a deep working knowledge of the broader industry that will enable him to make an immediate impact on our repair, insurance and auto manufacturing customers.'
Welsh added: 'I am very excited to join CCC and help customers accelerate their digital evolution. CCC's industry-leading AI, expansive network and CCC IX Cloud™ platform are foundational to these efforts. The team is unmatched in their understanding of how customers from independent repair facilities to the largest carriers can leverage these tools to meet their needs.'
Last month, the company concluded a $730m deal to acquire EvolutionIQ, which specialises in managing disability and injury claims.
CCC disbursed 60% of the purchase price in cash, while the remaining 40% was settled in CCC Intelligent Solutions Holdings common stock.
"CCC Intelligent Solutions appoints new president " was originally created and published by Life Insurance International, a GlobalData owned brand.
The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Wire
3 hours ago
- Business Wire
Hamilton ETFs Plans to Launch Canada's First 0DTE ETFs
TORONTO--(BUSINESS WIRE)--Hamilton Capital Partners Inc. ("Hamilton ETFs") is pleased to announce that it has filed a preliminary prospectus with the Canadian securities regulators for a new suite of exchange traded funds ('ETFs'), the DayMAX™ ETFs, Canada's first suite of ETFs to utilize zero days to expiration ('0DTE') (i.e. ultra-short-term) options to provide attractive income. Subject to receipt of all necessary regulatory approvals, the DayMAX™ suite of ETFs (or the '0DTE ETFs') will seek to provide unitholders with attractive income through the use of 0DTE options and modest leverage of 25%. Hamilton ETFs will apply for the conditional listing approval of the 0DTE ETFs on the Toronto Stock Exchange (the 'TSX'). Hamilton ETFs expects the 0DTE ETFs to be listed under the ticker symbols noted below. Hamilton DayMAX™ Suite of ETFs – Canada's First 0DTE ETFs ETF Name Proposed Ticker Units Investment Objective Hamilton Enhanced Canadian Equity DayMAX™ ETF CDAY Class E Units The investment objective of CDAY is to deliver attractive income while providing exposure primarily, but not exclusively, to Canadian equities. To supplement income earned from its holdings, CDAY employs an actively managed, primarily ultra-short-term, option strategy on its North American equity exposure. Hamilton Enhanced U.S. Equity DayMAX™ ETF SDAY Class E Units The investment objective of SDAY is to deliver attractive income while providing exposure primarily to U.S. equities. To supplement income earned from its holdings, SDAY employs an actively managed, primarily ultra-short-term, option strategy. Hamilton Enhanced Technology DayMAX™ ETF QDAY Class E Units The investment objective of QDAY is to deliver attractive income while providing exposure primarily to U.S. technology-focused equities. To supplement income earned from its holdings, QDAY employs an actively managed, primarily ultra-short-term, option strategy. Expand 'We're proud to introduce Canada's first suite of ETFs using 0DTE options with our DayMAX™ lineup – CDAY, SDAY, and QDAY – giving income-focused investors a new way to generate higher and more frequent cash flow. By writing daily call options and employing modest 25% leverage, DayMAX™ ETFs aim to deliver attractive premium income, broad equity exposure, and the potential to benefit from overnight market gains,' said Pat Sommerville, Senior Partner and Co-President at Hamilton ETFs. The preliminary prospectus dated June 3, 2025, containing important information relating to the 0DTE ETFs, has been filed with the securities commissions or similar authorities in each of the provinces and territories of Canada. A copy of the preliminary prospectus is available on Prospective investors cannot buy units of the 0DTE ETFs until the relevant securities commissions or similar authorities issue receipts for the final prospectus of the 0DTE ETFs and the 0DTE ETFs begin trading on the TSX. For more information on CDAY, SDAY, and QDAY and the rest of Hamilton ETFs' innovative lineup of ETFs, please visit About Hamilton Capital Partners Inc. (Hamilton ETFs) With over $8 billion in assets under management, Hamilton ETFs is one of Canada's fastest-growing ETF providers, offering a suite of innovative exchange traded funds (ETFs) designed to maximize income and growth from trusted sectors in Canada and across the globe. The firm is also an active commentator on the global financial services sector and Canadian banks; the firm's most recent Insights can be found at Commissions, management fees and expenses all may be associated with an investment in exchange traded funds (ETFs). Please read the prospectus before investing. ETFs are not guaranteed, their values change frequently and past performance may not be repeated. Certain statements contained in this news release constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to a future outlook and anticipated distributions, events or results and may include statements regarding future financial performance. In some cases, forward-looking information can be identified by terms such as "may", "will", "should", "expect", "anticipate", "believe", "intend" or other similar expressions concerning matters that are not historical facts. Actual results may vary from such forward-looking information. Hamilton ETFs undertakes no obligation to update publicly or otherwise revise any forward-looking statement whether as a result of new information, future events or other such factors which affect this information, except as required by law. This material is for informational purposes only. This material is not intended to be relied upon as research, investment, or tax advice and is not an implied or express recommendation, offer or solicitation to buy or sell any security or to adopt any particular investment or portfolio strategy. Any views and opinions expressed do not take into account the particular investment objectives, needs, restrictions and circumstances of a specific investor and, thus, should not be used as the basis of any specific investment recommendation. Investors should consult a financial and/or tax advisor for financial and/or tax information applicable to their specific situation.
Business Wire
4 hours ago
- Business Wire
UiPath to Host Product Webinar Showcasing Agentic Automation Capabilities
NEW YORK--(BUSINESS WIRE)--UiPath, Inc. (NYSE: PATH), a global leader in agentic automation, today announced that it will host a live webinar to showcase its agentic automation capabilities. The webinar will be hosted live on June 18, 2025, from 11:00 am to 12:00 pm ET. The event will feature a fireside chat, product demonstration, and Q&A session highlighting the company's latest innovations in agentic automation. UiPath Fireside Chat and Product Demonstration with Daniel Dines and Graham Sheldon When: Wednesday, June 18, 2025 Time: 11:00 am ET Location: Virtual (Register Here) The presentation will be available via live webcast and archived replay on the Investor Relations section of the Company's website ( About UiPath UiPath (NYSE: PATH) is a global leader in agentic automation, empowering enterprises to harness the full potential of AI agents to autonomously execute and optimize complex business processes. The UiPath Platform™ uniquely combines controlled agency, developer flexibility, and seamless integration to help organizations scale agentic automation safely and confidently. Committed to security, governance, and interoperability, UiPath supports enterprises as they transition into a future where automation delivers on the full potential of AI to transform industries. For more information, visit
Yahoo
4 hours ago
- Yahoo
UiPath to Host Product Webinar Showcasing Agentic Automation Capabilities
NEW YORK, June 04, 2025--(BUSINESS WIRE)--UiPath, Inc. (NYSE: PATH), a global leader in agentic automation, today announced that it will host a live webinar to showcase its agentic automation capabilities. The webinar will be hosted live on June 18, 2025, from 11:00 am to 12:00 pm ET. The event will feature a fireside chat, product demonstration, and Q&A session highlighting the company's latest innovations in agentic automation. UiPath Fireside Chat and Product Demonstration with Daniel Dines and Graham SheldonWhen: Wednesday, June 18, 2025Time: 11:00 am ETLocation: Virtual (Register Here) The presentation will be available via live webcast and archived replay on the Investor Relations section of the Company's website ( About UiPath UiPath (NYSE: PATH) is a global leader in agentic automation, empowering enterprises to harness the full potential of AI agents to autonomously execute and optimize complex business processes. The UiPath Platform™ uniquely combines controlled agency, developer flexibility, and seamless integration to help organizations scale agentic automation safely and confidently. Committed to security, governance, and interoperability, UiPath supports enterprises as they transition into a future where automation delivers on the full potential of AI to transform industries. For more information, visit View source version on Contacts Investor Relations Contact Allise UiPathMedia Contact PR@ UiPath
