Sergei Korol
1 June 2023Analysis

Pop Group unveils new operations & finance officer

Pop Group Holdings, which invests in M&A and specialist, data & technology-enabled insurance businesses, has appointed Sergei Korol as chief operations & finance officer.

Based in Singapore, Korol will be responsible for the delivery of best-in-class services, both internal to its operating companies and external to its ecosystem partners, and in support of POP’s purpose to build the leading global boutique M&A and specialty insurance group, enabled by data and technology, the company said in a statement.

He will work closely with partners and associates across the Group’s operating brands including specialist M&A and financial lines MGA Fusion Specialty, and dedicated specialty InsurTech and M&A Tech platform, to drive profitability and revenue globally.

Korol has previously served in senior roles at global insurance firms including Chubb, MetLife, and AIG. Most recently he was managing director at Grab Financial Group, where he led the creation of the company's first financial segment team for its fintech division. Prior to that, he was CFO/COO at ACR Capital Holdings, where he was a key change agent in the company’s transformation, directing finance, IT and operational functions for the $600 million premium pan-Asian group.

The appointment follows POP’s recent announcement of its first external strategic minority investment from private equity fund Direct Capital, as the Group continues to expand rapidly and build a strong client base worldwide. In his role, Korol will also manage POP’s future fundraising plans and capital structure, as well as support the Group in any external investor projects and strategic ventures, to propel POP in its next stage of accelerated growth.

Announcing Korol’s appointment, Killian McDermott, co-founder and co-CEO of POP said: “We are delighted to have Sergei join the POP team, as we continue to build on the strong growth momentum we have achieved over the past years, and to deliver on our promises in the markets we operate in. With Sergei’s expertise in leading finance and operations functions, we are confident that we can further build efficiencies across Fusion and, that drive top quality services with high-impact results that will benefit our ecosystem partners, including customers, brokers, advisors and insurers.”

David Rogers, co-founder and co-CEO of POP added: “Sergei joins us at an exciting, opportune time, as we continue to grow our global footprint to deliver industry leading M&A tech and InsurTech solutions to key markets across Asia Pacific, US, the UK and Europe. With his guidance, we will build greater synergies across borders and teams, and fulfil our promise of being an organisation with real purpose and sustainability, differentiated by our expert people and cutting-edge innovations.”

“I am excited to be going back to my native industry and to have the opportunity to help Killian and David build and expand their pioneering company,” said Korol. “Having grown up in insurance, and more recently ventured into the tech world, I believe that technology driven modernisation is the key to the industry’s continued relevance and that is best driven by those who know the industry well. In this respect, POP has a unique track record of bringing together insurance capabilities and emerging technology driven ideas.”