Aspida Holdings CIO to retire

Bermuda-based Aspida Holdings has appointed Alex Seidita as chief information officer, succeeding Joe Lurie, who will retire at the end of the year.

Seidita, who was previously at MetLife where he was senior vice president for Data Operations and shared services for the global data & analytics group. He will be based in Durham, North Carolina.

“On behalf of the Aspida family, we want to congratulate Alex and recognise the significant contributions Joe made with regards to the launch, evolution, and establishment of Aspida’s innovative technology platform,” said Lou Hensley, chief executive officer of Aspida Holdings.

“Through Joe’s leadership, Aspida built its groundbreaking digital annuity platform and set the company on a solid path for future innovation and success. We wish him the very best.”

Seidita and Lurie will work closely together over the next few months to ensure a smooth transition before Lurie’s retirement.

Seidita has three decades of experience in leadership and strategic development of IT systems. In his role, he will oversee Aspida’s digital platform architecture and development, infrastructure, application development, data analytics, and IT services.

“We are pleased to welcome Alex to the Aspida leadership team,” said Lou Hensley. “His deep understanding of IT at a global level will be invaluable to our team as we continue to grow and expand our services. We are a tech-driven company focused on advancing our digital influence, and we believe Alex is the right fit for the job.”

At MetLife, Seidita was also CIO for Latin America IT; and global chief technology architect. In these roles, he managed teams as large as 900 people, covering a diverse geographic footprint.

“I am excited to be joining the Aspida team at such a pivotal time,” said Seidita. “Aspida has built a solid technology foundation in an industry that has typically fallen behind the digital revolution, and I am honoured to lead the team as we expand and advance the value we offer to our partners and clients.”

Seidita previously held roles in software engineering, consulting, and technical leadership throughout his extensive career. He is a graduate of the Florida Institute of Technology and will be based out of the Aspida headquarters in Durham, North Carolina.

Aspida Holdings is focused on providing retirement and reinsurance solutions and has in the US and Bermuda with total assets of $10 billion as of June 30, 2023. Aspida’s Bermuda-based reinsurance platform, Aspida Life Re, is focused on providing efficient and secure life and annuity reinsurance solutions to global clients.

Aspida is backed by Ares Management Corporation, which, through the Ares Insurance Solutions team, provides dedicated investment management, capital solutions and corporate development support.