Florida’s Citizens Names Montero as CFO, Rollins as Chief Risk Officer

Citizens Property Insurance Corp. has filled a pair of key positions.

Jennifer Montero will become Citizens chief financial officer. Montero, a certified public accountant who has served as interim CFO since June, has been with Citizens and its predecessor organizations in various capacities since 1999.

Also, former Citizens Board of Governors member John Rollins will become Citizens chief risk officer. Rollins, appointed by Gov. Rick Scott in 2011, resigned from the board last Monday. The decision marks Rollins’ return to Citizens, where he served as director of analytics from 2006 to 2007.

Citizens CEO and President Barry Gilway said the pair’s combined experience at Citizens will ensure a seamless transition as the company continues efforts to transfer policies to the private sector through depopulation and the creation in January of the consumer clearinghouse.

Montero’s career at Citizens includes positions as assistant controller, director of accounting/controller, senior director of accounting/controller and deputy CFO.

Among her new duties, Montero will oversee Citizen risk transfer program, which has transferred $1.85 billion in risk to private investors. Florida law requires policyholders to pay assessments if Citizens exhausts its ability to pay claims following major storm activity.

In his new position, Rollins will oversee Citizens’ enterprise risk management, actuarial, analytics and product development when he begins his duties Oct. 14. The newly-created position comes in response to an ongoing organizational review by KPMG last year.

Most recently, Rollins was president of Rollins Analytics Inc. and vice president for public risk services at AIR Worldwide Corp, a risk modeling and consulting services.

Topics Florida