Protective Insurance hires two senior executives

Carmel-based Protective Insurance Corp. has hired two company outsiders to fill its chief financial officer and chief information officer roles, the company announced Monday.

John Barnett, 52, will become Protective’s CFO as of Sept. 30. He replaces William Vens, who notified the company May 31 of his intent to resign. Vens’ last day at Protective was Aug. 30.

Bahr Omidfar, 58, began his job Monday as Protective’s chief information officer.

Barnett comes to Protective from First Acceptance Corp., a Nashville, Tennessee-based underwriter of non-standard auto insurance. He was senior vice president of finance at First Acceptance from 2007 to 2013, returning to the company in October 2018 to serve as chief financial officer. In between those periods, he was vice president of finance at Nashville-based music licensing company Broadcast Music Inc., known as BMI.

Before joining Protective, Omidfar was the chief technology officer at Chicago-based CNA Insurance from January 2018 to April 2019. He was a senior vice president at Fidelity Investments from 2013 to 2018, where he focused on technology and security issues.

Protective offers property, liability and Worker’s Compensation insurance for the trucking industry. Previously known as Baldwin & Lyons Inc., it changed its name in 2017. The company had a $34.1 million loss last year but has since returned to profitability, posting a $4.3 million profit during the first six months of this year.

Shares in Protective dipped 2 cents Tuesday morning, to $16.37 each.

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