CAC Specialty Formally Launches Healthcare Division, Appointing J. Kevin Carnell as Executive Chairman
Apr 6, 2023
CAC Specialty, an integrated specialty insurance brokerage, announced the formal launch of its healthcare division this week. The addition will enhance the senior living practice CAC Specialty launched earlier last year as the first installation of its ambitious bid to build a nationwide healthcare-specific risk advisory division. Recognizing the increasing centrality healthcare organizations play in the insurance sector, CAC Specialty announced J. Kevin Carnell as executive chairman and will be progressively adding more talent to the division in coming months.
Carnell brings a unique blend of legal, insurance and operational expertise, managing some of the nation’s leading hospital insurance programs throughout his three decade-long career. He is recognized as a thought leader within the healthcare sector for helping clients navigate complex financial and operational risks through long-term risk financing vehicles. Most recently, Carnell served as healthcare division director and RCM&D chief legal officer for Union Risk Advisors, where he focused on growth, retention and management of all client relationships, in addition to providing legal advice on employment issues and regulatory matters.
“We are delighted to have Kevin, an esteemed leader in the healthcare insurance industry, lead our growing healthcare division,” said Bruce Denson Jr., President of CAC Specialty and Cobbs Allen. “We are following the same proven leadership model used in our Natural Resources division: bringing in exceptionally talented individuals with unrivaled expertise in the field and giving them the freedom and independence to run with it.”
Carnell will be responsible for staffing and growing the division, as well as providing counsel on the implementation of alternative risk financing programs, captive insurance company formation, and reinsurance negotiation. He will apply his expertise across the firm in addition to directly supporting CAC’s latest division.
He received a Bachelor of Arts in English and Communications from the University of Delaware and a Juris Doctor from the University of Maryland School of Law. Carnell serves on various committees for non-profit organizations and is a past trustee and former Chairman of the Board of Friends School of Baltimore. In 2023, he was named a Power Broker® by Risk & Insurance® magazine.
About CAC Specialty
CAC Specialty is an integrated specialty insurance brokerage focused on providing expertise and placement capabilities across the spectrum of insurance and capital markets. CAC is an employee-controlled company focused on providing the best talent in the industry to serve its clients’ risk transfer needs. The company serves a variety of clients, including large corporations, small and medium-sized enterprises, private equity sponsors and portfolio companies, and fund managers.