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CAC Specialty Strengthens its Rapidly Growing Natural Resource Team with Veteran Hires

Dec 7, 2020

CAC Specialty, a leading global specialty broker, continues to strengthen & broaden its Natural Resources Division (CAC NR) with three new hires focused on Mining, Claims, & Risk Management.

Fred Smith joins the team from Willis, where he served as Senior Director and head of Willis’ U.S. Mining and Metals practice. Pete Krouse joins from McGriff, where he served as Vice President. Lloyd Wills joins from The Hartford, where he served as Senior Claims Account Executive. The team continues to expand on the hiring of Gary King & Lisa Harris last month, who joined the existing Cobbs Allen Energy team in Houston to form the larger CAC Specialty Natural Resources Division.

“The experience of this combined team is unmatched in the industry. Placing complex mining programs, claims settlements in excess of 6bn with loss adjuster on staff, & offering world class engineering and due diligence services,” said Josh Kirklin, Executive Vice President of Oil & Gas for CAC NR. “These hires make an accretive addition to our established & rapidly growing team that has been serving clients globally.” Kirklin & Robert Plumb co-founded the Cobbs Allen Energy practice that consolidated with Cobbs Allen Capital to form CAC NR earlier this year.

“Executing on the vision to build a broad Natural Resources practice is well under way.  We believe that mining & metals will be a critical part of our broader offering,” said Lisa Harris, Executive Vice President of CAC NR. “The tools we have available on the insurance & banking side will help us quickly become the market leader for solutions in the natural resources space.”

Natural resource companies face challenges in the markets they serve & in the courts of public opinion. They need partners with a deep knowledge of these specialized industries to guide them through this landscape. CAC NR division delivers this precise navigation. We offer clients technical expertise, comprehensive planning & informed decision-making to secure dynamic & cost-effective insurance programs. We are a fiercely independent broker with no corporate conflicts that compete with our clients’ best interests. We act locally but work globally to provide comprehensive, innovative, & durable insurance solutions.

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