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Reinhart Leaves Insurance, But Doesn't Go Far

Peter Reinhart, former CIO at Boston-based Keyport Life Insurance Co., couldn't get enough of the "field that I love very much," he says. "But I was at a point in my career where I wanted to transition away from the rigorous demands of a CIO."

So, after more than 30 years in insurance, including a stint at Nationwide Insurance and the past 15 years at Keyport Life ($17 billion in assets), Reinhart has joined NaviSys, Inc. (Edison, NJ), a life insurance e-commerce and enterprise business solutions provider, as director, executive relations.

In the newly created position at NaviSys, Reinhart will be responsible for developing relationships with insurance company executives. "Al-though this is a new position, I am not stepping into a completely new arena," says Reinhart. "As a part of my responsibilities at Keyport, I was responsible for managing vendor contracts. I will bring my experience to Navi-Sys. I will be able to relate to the issues, on how an insurer views its strategy and how NaviSys can align with it," he says. "There is a lot of pressure driving insurers to be more efficient, but cost reductions are going to come after a significant technology investment."

However, Reinhart admits a slowing economy makes his job tougher. "The technology business has cut back, but the pipeline and the appetite for new technology is just as robust," he notes.

Greg MacSweeney is editorial director of InformationWeek Financial Services, whose brands include Wall Street & Technology, Bank Systems & Technology, Advanced Trading, and Insurance & Technology. View Full Bio

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