Spence Hoole grew up in Salt Lake City and has spent his 33-year professional career working with and insuring venture-backed, private equity-financed, IPO and public companies, particularly in the technology and life sciences industries. He has insured 27 out of the last 34 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 and is now the mountain region president of IMA Financial, which acquired Diversified in 2021. He is a member of the NACD Board of Trustees, the former president of TechAssure, a v100 member and a contributor to Silicon Slopes. In 2019, he was awarded as a Utah Business CEO of the Year. He co-founded the Summit Directors and Officers Conference and has co-chaired the event for the past 23 years. Spence currently serves on the Make-A-Wish-Utah board. He and his wife of 34 years, Ann, make their home in Cottonwood Heights. They have four sons and two daughters-in-law.