Spot Insurance appoints new CEO

Spot Insurance, which specializes in active and outdoor lifestyle coverage, has announced the appointment of Maria Goy as its new chief executive officer.

Goy who co-founded the company and previously served as COO, was unanimously chosen by Spot’s board of directors and current CEO and co-founder, Matt Randall.

Under Goy’s leadership, Spot Insurance’s primary focus will be on expanding into the travel industry and events market, with official launch plans set for the end of May.

Through strategic partnerships, Spot aims to provide customers with financial protection for non-refundable passes, events, registrations, and pre-paid tickets in the event of unforeseen circumstances leading to cancellations.

In a Press release, Goy emphasized Spot’s commitment to making insurance accessible and ensuring individuals are financially protected while pursuing their passions.

She said: “Expanding into the trip and refund space was a natural next step for us. We want our customers to have flexibility and peace of mind knowing their biggest purchases are covered if they need to cancel.”

Despite stepping down as CEO, Matt Randall will maintain a significant presence within Spot.

He will continue to serve on the board and actively collaborate with teams to forge strategic partnerships that contribute to the company’s expansion.

Randall praised Goy’s appointment, highlighting her instrumental role in transforming the insurance distribution landscape and making it affordable and accessible to a wider audience.

He also commended her for breaking barriers as one of the few female minority CEOs in the active outdoor industry, and for serving as an inspiration for future female entrepreneurs.