BS Economics; BS Political Science
President & CEO
Diversified Insurance Group
Spence has spent his 25+ year career working with and insuring VC-backed, private equity-financed, IPO and public companies, particularly in the technology and life sciences industries. He has insured 22 out of the last 28 IPO companies in Utah. He specializes in Cyber, Errors and Omissions (E&O), Venture Capital Asset Protection (VCAP), and Directors and Officers (D&O) liability coverage.
In 2001, Spence co-founded Diversified Insurance Group. Actively involved in the venture and technology communities, he is a former member of the Utah Technology Council’s (UTC) Board of Trustees, former President of TechAssure, a v100 member and a contributor to Silicon Slopes. In 2019, he was a Utah Business “CEO of the Year.” He has spoken to numerous organizations, including international groups, on insuring and managing the risks of high growth companies. He co-founded the Summit Directors and Officers Conference and has co-chaired the event for the past 20 years.
Spence currently serves on the Make-A-Wish-Utah and National Association of Corporate Directors Utah boards. He and his wife, Ann, also a U of U graduate, make their home in Cottonwood Heights. They have four sons and one daughter-in-law: Christian (Madi), Sam, Max, and Jacob.