NEW YORK & SAN JUAN--(BUSINESS WIRE)--Spencer Re, a Spencer Capital Holdings company, today announced that Justin Jones has joined the firm as Vice President of Sales.
“We’re very pleased to have Justin join the team at Spencer Re. As an industry veteran, his expansive knowledge of the business and his relationships will be helpful as we continue to expand Spencer Re’s global footprint in the F&I space,” said Tina Youngblood, CEO of Spencer Re.
Jones joins Spencer Re from Coffeen Management, where he served as a Vice President, building and managing the national sales team while simultaneously developing and managing complex reinsurance transactions for dealer acquisitions, income development, and reinsurance consulting. He joined the firm in 2013 when Coffeen acquired F&I Essentials, an agency he founded in 2009. Prior to this, Jones was an F&I Executive at Zurich Programs & Direct Markets, where he was responsible for managing dealer F&I performance from both a sales and underwriting perspective.
“Justin’s entrepreneurial spirit is aligned with that of our team,” said Brian Feldman, Executive Vice President, Spencer Re. “His passion for and extensive experience in the F&I space will be a tremendous asset for us.”
Jones began his career selling cars and quickly became an F&I Manager, Sales Manager, F&I Director and eventually a General Sales Manager.
About Spencer Re
Spencer Re is a reinsurance firm strategically focused on reinsuring products that are predictable and cyclical in nature. Currently the firm is focused on reinsuring insurance products sold by American auto dealers, direct marketers and loan providers. The firm is the first international reinsurer formed in Puerto Rico that abides by the laws of the International and Offshore Insurance Center.
Spencer Capital Holdings, Ltd.
Spencer Capital Holdings, a global holding company, owns Spencer Re, a reinsurance firm focused on the American auto dealership industry, USA Risk Group, the largest independent captive insurance manager in the world, and is affiliated with Spencer Capital Management, a value-oriented investment management firm. Spencer Capital Management provides support to philanthropic endeavors including, Crutches 4 Kids, a non-profit organization devoted to helping children with physical disabilities walk. Spencer Capital Holdings was founded in 2011 by Chairman Dr. Ken Shubin Stein.