Scale your book. Not the bottleneck.
Our Story
Xterion was founded on a simple premise:
Eric Carp’s work in group annuities convinced him that pension risk transfer needed a new kind of operating platform – one that could overcome fragmentation and transform how carriers bid, onboard, and manage their books. After three decades across insurance, operations, and technology, he saw firsthand the limitations of fragmented processes and the opportunity to create a better model. That conviction became the basis for Xterion.
To make Xterion a reality, Eric joined forces with his brother, Steve Carp. Steve brought deep financial-services leadership and a proven ability to build businesses, drive growth, and scale operations. Together, they set out to create the purpose-built operating platform the PRT market was missing.
Leadership
Co-Founder & CEO
Eric has spent thirty years at the intersection of group insurance, operations, and technology, including Cigna, Prudential, and Verisk. More recently, he served as product owner and solutions architect on three PRT administration implementations. Eric’s broader experience includes underwriting, policy administration, analytics, and onboarding platforms.
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Co-Founder & President
Steve brings more than thirty years of experience in financial services and fintech. He has served on the leadership teams of two startups, spent a decade at Barclays in senior leadership roles, and most recently served as CFO and COO of Mercury Financial. At Barclays, Steve launched the online deposits business that became a $20B+ franchise.
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Business Development & Industry Relationships
Stephen brings revenue growth experience from Vitech and SunGard Insurance, with a network spanning PRT carriers, brokers, consultants, and data providers. He currently serves as Chief Development Officer at InnSure, a climate-focused insurance innovation organization.
Actuarial Strategy & Modeling
Mindy brings experience in pricing, reinsurance, and financial modeling, including seven years leading Cigna’s Life Pricing and Reinsurance Unit. She is the founder of Mindy Giraldo Consulting LLC, which provides actuarial support to insurance and reinsurance companies.
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