Los Angeles, CA, September 27, 2018 – Exactuals has hired Andrew Mauritzen as its new CFO and Head of Insurance Industry. The company is the leading provider of innovative solutions for complex payments and metadata issues in the entertainment industry, and Mauritzen will now spearhead its entry into the insurance market, adapting Exactuals’ best-in-class payment and royalty technology to streamline insurance commissions, refunds, and claims payments while establishing partnerships with insurance carriers and brokerage.
Having previously served as CFO of ACSIA Partners, Mauritzen is a forward-looking executive leader who has spent over 20 years leading business growth at the intersection of finance, strategy, and growth.
“We are thrilled to welcome Andrew to Exactuals,” said Mike Hurst, CEO and co-founder of Exactuals. “Andrew is a world class finance executive with the right mix of industry acumen and entrepreneurial spirit. Andrew will help Exactuals to scale its entertainment practice globally, while opening an important new market for our business in insurance. We have found the right leader for the task at hand.”
“I’m looking forward to the challenge of helping Exactuals bring their best-in-class payment solutions to the insurance market,” said Mauritzen. “Their technology is outmatched only by the strength of the team, and I can’t wait to work closely with them to ensure that every business can properly handle and make payments in the most seamless way possible.”
Prior to his position at Exactuals, Mauritzen was CFO of ACSIA Partners, where he helped orchestrate a merger that integrated two of the largest long-term care insurance agencies in the market: LTC Financial Partners and LTC Global Marketing Inc. Before joining ACSIA, he worked in investment banking, including having served as a Managing Director for both ICP Securities and Sandler O’Neill & Partners, where he and his team devised business solutions for large banks and financial institutions throughout the world. Mauritzen currently serves as a director for Veristone Capital, ioCurrents, and Agent Review.
Exactuals, founded in 2011, is a Software as a Service (SaaS) company modernizing the way the entertainment industry makes payments, including residuals, royalties, marketplace payments, and similarly complex transactions. Recognizing clear rights ownership information is a central issue for accurate licensing and ultimately payment, the company recently introduced RAI, a software development kit and open API which programmatically improves IP metadata. Exactuals is headquartered in Los Angeles, California, with an office in Nashville. It is a wholly owned subsidiary of City National Bank and the Royal Bank of Canada. For more information, please visit www.exactuals.com.