CAC Specialty Announces the Appointment of Colin Daly to Co-Lead Financial Lines Practice
Aug 26, 2019
CAC Specialty is pleased to announce the appointment of Colin Daly as Executive Vice President and co-leader of CAC Specialty’s Financial Lines Practice (FLP).
Daly comes to CAC Specialty from JLT Specialty US, where, as a founding member, he helped shape the US business and, in particular, formed and grew the Financial Lines Group nationally. Prior to JLT, he served as the national leader of Aon’s Financial Services Group. Daly started his career as an underwriter at The Chubb Group of Insurance Companies.
“Colin is a proven leader given his past success of managing a large national practice with one of the largest brokerage firms in the world and then taking that experience and successfully building one of fastest-growing financial lines brokerage businesses,” said Paul Sparks, Chairman of CAC Specialty.
Daly joins Darren Sonderman as co-leader of the newly-formed FLP. Both Daly and Sonderman are responsible for attracting talent, clients, and carrier partners that will mutually develop solutions in the D&O, Cyber, E&O, EPL, Fidelity, Fiduciary and Kidnap, Ransom & Extortion Liability product lines. They will also work closely with the Mergers & Acquisitions Practice to appropriately align transaction liability products, due diligence and restructuring offerings with FLP clients.
Sonderman has also proven that he can build a successful financial lines business by his success co-founding, running, and growing the Financial Services Division at McGriff, Seibels & Williams.
“I am very excited to be working with Darren and a team with such unbelievable talent and experience,” Daly said. “In a very short amount of time, CAC Specialty has become the brokerage firm of choice for highly successful D&O and Cyber professionals. Given the current market conditions, there is no time like the present to have an experienced brokerage option with individuals that have always put clients first.”
“This is a people business and it is tremendously exciting to be teaming up with Colin and dozens of other professionals that are the best in the business,” Sonderman said. “It is a privilege to have the opportunity to innovate and partner with highly successful professionals in the insurance brokerage, investment banking and analytics arena; to bring unparalleled risk management value to our clients.”