CAC Specialty Expands its Transactional Liability Team With Experienced Senior-Level Hire

We are pleased to announce the hiring of Thomas Bonfiglio. Thomas will serve as Senior Vice President on the Transactional Liability team. “Thomas’s long experience in the representation and warranty insurance space, particularly his years as an underwriter, is huge for our team,” says Michael Wakefield, CAC Specialty Transactional Liability Practice Leader. “Adding his underwriting expertise – and the unique perspective he gained from seeing the industry from the vantage of both a broker and […]

Learn more

CAC Specialty Continues to Grow and Strengthen its Natural Resources Division with Multiple Power and Renewables Hires

CAC Specialty is proud to announce 14 new hires joining the CAC Natural Resources Division in the Power and Renewables vertical. Andrea Ash – CAC Specialty welcomes Andrea to its Natural Resources team as Executive Vice President, Head of Operations at CAC Natural Resources. Andrea is a proven leader bringing CAC NR over 14 years of operations, strategy, and process improvement experience. Prior to CAC NR, Andrea served as Chief Operating Officer of Beecher Carlson’s […]

Learn more

Investment Banking Team Partners with CAC Specialty to Launch Silvercliff Partners, a Strategic Investment and Merchant Bank Focused on Energy Clients

A veteran investment banking team and CAC Specialty today announced the formation of Silvercliff Partners, LLC (www.silvercliffpartners.com), an independent advisory, investment and merchant banking platform.  The Firm will deliver bespoke and unconflicted advisory, capital solutions, and strategic consulting to public and private clients across all energy verticals.  Silvercliff specializes in the natural resources sector and will focus on both traditional and non-traditional ideas to assist clients in navigating an evolving energy landscape. Additionally, Silvercliff’s affiliation […]

Learn more

CAC Specialty Continues Expansion of its Natural Resources Practice with Executive Level Power, Utilities and Renewables Hire, Sara Kane

CAC Specialty, a specialty insurance brokerage platform bringing bespoke insurance solutions to public and private corporations and private equity sponsors, is pleased to welcome Sara Kane as co-leader of CAC Specialty’s Power, Utility and Renewables vertical, a part of the Natural Resources Division. “We are excited to add yet another significant leader to our team,” said Gary King, Executive Chairman of CAC Natural Resources. “Sara has spent nearly a decade working as a broker, an […]

Learn more

CAC Specialty Continues to Expand its Natural Resources Practice with Executive Level Power and Renewables Hire, Erin Lynch

We are pleased to announce the hire of Erin Lynch as President of our Natural Resources division and co-leader of our Power, Utility and Renewables vertical. Most recently, Erin led the Global Energy Practice at Beecher Carlson during her 14 year tenure. “We are extremely excited to have such an esteemed leader join our team,” said Gary King, Executive Chairman of CAC Natural Resources. “Erin brings vision and creativity to one of the most dynamic […]

Learn more

CAC Specialty Announces Appointment of Jen Jacobson as Senior Vice President

We are pleased to announce the appointment of Jen Jacobson as senior vice president of our Financial Lines Legal and Claims practice. “We are thrilled to welcome Jen to CAC Specialty and expand our presence in New York,” said John Tanner, chief legal officer. “Jen brings a wealth of knowledge and experience to our Financial Lines practice, particularly in public D&O, private equity, and transactional liability. The addition of Jen to our team reflects CAC’s […]

Learn more

Representation & Warranty Insurance Market Update

The past year has been a roller coaster by any measure, and the Transactional Liability Insurance market was not immune to the COVID-19 pandemic’s economic impacts. In short: after the bottom fell out, a record Q4 supported a strong finish – and the pace kept up through Q1 2021. Here, we review what we’ve learned and what we’re watching for going forward. RATES CLIMB HIGHER: BACK CLOSER TO HISTORICAL AVERAGES Before mid-2020’s extended slowdown in […]

Learn more

CAC Specialty Promotes Robert Plumb to Executive Vice President, Strengthens Natural Resources Team with Multiple New Hires

CAC Specialty is growing its Natural Resources team from within and adding four new members who previously worked at other leading brokers and insurers and will report to industry veterans Robert Plumb and Josh Kirklin. Robert Plumb – Plumb has been promoted to executive vice president, co-head of oil and gas within CAC Specialty, Natural Resources division. In this role, Plumb will work alongside Josh Kirklin to lead the practice. While serving as senior vice […]

Learn more

CAC Specialty Launches New Office in Knoxville, Welcomes Executive Vice President Tracy Tucker

CAC Specialty announces the launch a new office in Knoxville, Tenn. The new office in Knoxville will house the company’s expanded Natural Resources Division (CAC NR), which includes CAC Specialty’s Mining division. Along with the new office, CAC Specialty is proud to announce the hire of Executive Vice President for Commercial Surety at CAC Specialty Natural Resources in Knoxville, Tenn., Tracy Tucker. Mr. Tucker has more than 30 years of experience in the insurance industry, […]

Learn more

CAC Specialty Expands Multiple Teams with Industry Leaders

CAC Specialty announces the expansion of its executive-level team with two new employees – bringing 40 years of combined industry experience to the team. CAC Specialty is proud to welcome: Michael O’Brien – O’Brien joins as executive vice president within the business development division of CAC Specialty in Chicago. Prior to CAC Specialty, O’Brien served as a managing director and sales leader at Marsh, where he led key new accounts, focused on Fortune 500 firms. […]

Learn more

Remediation Stop Loss Solutions

We are excited to announce a re-launch of the environmental cost cap insurance product, and what we are now referring to as “Remediation Stop Loss” insurance. With increased demand for more cost certainty with regards to environmental remediation projects, Remediation Stop Loss insurance can act as a useful and necessary tool to shift some of the cost overrun risk to a third party. Today with the implementation of improved underwriting guidelines, more advanced remedial technologies, and […]

Learn more

CAC Specialty Announces its 2021 Risk & Insurance Power Broker Award Winners

DENVER, CO  (Feb. 22, 2021) — CAC Specialty, a leading global specialty broker, is proud to announce Andre Eichenholtz, co-head of property and casualty and head of diligence and portfolio solutions at CAC Specialty and Billy Kroupa, senior vice president at CAC Specialty, have been named 2021 Power Brokers® by Risk & Insurance magazine. This annual awards list by Risk & Insurance magazine recognizes individuals’ exceptional client work by evaluating the strength of client testimonials […]

Learn more

CAC Cares Virtual Blood Drive

Community service is a cornerstone of CAC Specialty culture.  As a company, we serve our communities through organizations helping people in need, and we remain committed to service even during a global pandemic.  COVID-19 has left blood supplies dangerously low.  Many of our nation’s blood centers are facing critical shortages of 1-2 day supplies or less and need donations as soon as possible.  CAC Cares, our community service initiative, has organized a Virtual Blood Drive […]

Learn more

CAC Specialty Enters New Year with Six New Hires, Expands Natural Resource Team

CAC Specialty is starting the New Year by expanding its Natural Resources Division (CAC NR) with six new hires. Robert Carvell – Robert joins as Senior Vice President of CAC’s Specialty’s Risk & Project Management division, Natural Resources in Houston, Texas. Prior to CAC Specialty, Robert was the Vice President of Risk and Project Management with Energy and Marine Risk Services in Houston, where he conducted asset integrity and condition surveys of offshore platforms, onshore […]

Learn more

CAC Specialty is Growing and Thriving

The Insurer reports on the extraordinary growth of CAC Specialty and what will be fueling future growth. CAC Specialty revenues to pass $52mn in 2020  

Learn more

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

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 […]

Learn more

CAC Specialty establishes an Analytics Practice with appointment of Nathan Baseman

DENVER, CO – October 13, 2020 CAC Specialty announces the establishment of its Analytics Practice with appointment of Nathan Baseman as Senior Vice President and Analytics Practice Leader. Most recently, Baseman was Director of Analytics for Lockton Companies, where he was responsible for strategy, research and planning for a national analytics teams that spanned both benefits and property and casualty. In his role at CAC, Baseman will partner alongside all the existing analytic activity and […]

Learn more

CAC Specialty Hires Cameron Martin, Katie Flynn, and Erica Kasperkowiak to its Rapidly Growing M&A Solutions Group

ATLANTA – GA – September 23, 2020 – CAC Specialty (“CAC”), building on its continued growth and success, announces the addition of Cameron Martin as Senior Vice President to the M&A Solutions Group, Katie Flynn as Senior Vice President to the M&A Solutions Group, and Erica Kasperkowiak, Senior Vice President of the newly created M&A Portfolio Solutions Practice– Human Capital Risk Martin led HAUSER’s Private Equity Risk Advisory Practice where he had overall responsibility for […]

Learn more

CAC Specialty Hires Matt Movafaghi to Join its Tax Insurance Practice

DENVER, CO – September 22, 2020 – CAC Specialty announces the expansion of its Tax Insurance Practice with the appointment of Matt Movafaghi, Esq. as Senior Vice President. Most recently, Movafaghi was Senior Tax Counsel for Chevron Corporation, where he was responsible for implementing sophisticated tax planning strategies and advising management on the tax aspects of Chevron’s global business operations. “CAC has a reputation for being a leader in the transactional liability insurance market, bringing top-notch […]

Learn more

CAC Specialty Announces Creation of Natural Resources Specialty Practice and Hiring of Two Key Executives, Lisa Harris and Gary King

HOUSTON, TX – September 21, 2020 – CAC Specialty (“CAC”) is pleased to announce the appointment of Lisa Harris as Executive Vice President of Client Service and Gary King as Executive Chairman for its newly-formed Natural Resources Practice. The Natural Resources Practice will warehouse CAC’s key resources focused on serving clients in the energy, mining, power, and alternative energy sectors. Harris joins CAC Specialty with more than 17 years’ experience in the insurance brokerage industry; […]

Learn more

CAC Specialty/Cobbs Allen named to the Best Places to Work in Insurance list for 2020

Birmingham, AL – Cobbs Allen & CAC Specialty have been named to the Best Places to Work in Insurance list for 2020. The honor demonstrates that Business Insurance recognizes the organizations as a place where employees feel they can thrive and collectively contribute to company growth and success. “Our corporate mission is to always be out front for our clients, our employees, and our communities. From the top down, our employees exhibit integrity and respect for one another […]

Learn more

Michael Wakefield on Managing Transactional Risk

Michael Wakefield joined other industry leaders in a Financier Worldwide roundtable discussion on Managing Transactional Risk. In the August 2020 Publication, the panelists address how the transactional risk insurance market has continued to innovate amidst the COVID-19 crisis, and particularly how buyers and sellers are relying even more on representation & warranty insurance, tax insurance and contingent risk insurance to get deals done. Please click the link for a downloadable copy of the publication. FW […]

Learn more

Bain Head named to 2020 Elite Women

Congratulations! We are proud to announce that CAC Specialty’s Bain Head and Cobbs Allen’s Marye Beasley Kohn have been named to Insurance Business America’s Elite Women for 2020. According to IBA, this year’s Elite Women are not just dedicated to the insurance industry – they are shining a light for future generations of insurance professionals and setting the standard on how to persevere through today’s especially challenging economic climate. Bain is Executive Vice President and […]

Learn more

Alternative Products & Structured Solutions Webinar: 6/11

Please join us on Thursday, June 11th for a webinar on Alternative Products & Structured Solutions. Standard insurance markets and products do not always provide acceptable risk management solutions for all risk, but that does not necessarily mean that those risks are not candidates for efficient risk transfer. Industry veterans from Zurich Insurance Company and Everest Re will join CAC’s own investment banker Jack Leventhal and Andre Eichenholtz in a panel discussion about the types […]

Learn more

CAC Specialty launches a strategic partnership with Liberty Advisor Group

Denver, CO – May 21, 2020 – CAC Specialty, an integrated specialty insurance brokerage and investment banking business, announced today a strategic partnership with Liberty Advisor Group, a premier consulting firm. Together, Liberty Advisor Group and CAC Specialty are creating a leading-edge solution for insurance clients.  This solution will enhance CAC Specialty’s dedication to client service through a new real-time data analytics insurance platform. The new platform will allow clients to analyze real-time information, enable […]

Learn more

CAC Specialty Announces Addition of Eric Joost as EVP Chief Technology & Global Markets Officer

DENVER, CO – May 20, 2020 – CAC Specialty announced today the addition of Eric Joost as Executive Vice President and Chief Technology & Global Markets Officer. Joost comes to CAC Specialty with more than 30 years of diverse industry expertise over a wide range of insurance products, markets and client segments. Alongside, Joost delivers a unique depth of knowledge in leading-edge technology – expertly bridging legacy platforms and new technologies across broking operations. Joost’s […]

Learn more

News & Views: Issue 1, 2020

Welcome to CAC Specialty’s latest edition of News & Views, a publication covering legal news, developments, and trends in executive, employment, crime, and cyber liability. As this document “goes to print,” the United States and the entire world are feeling both the physical and financial impacts of COVID-19. CAC Specialty is closely monitoring the virus and the impacts it will continue to have on our clients’ businesses, as well as the management and professional insurance […]

Learn more

Welcome to our new blog, CAConnect!

We are excited to announce our new Blog! Our goal is to provide periodic thoughts and musings on the impact COVID-19 is having on the insurance marketplace as a whole, and more specifically on the management and professional liability space. Where appropriate, we will do our best to add some levity as well. As we navigate our new norm, we hope you will find this site to be informative and helpful. Thank you all for […]

Learn more

CAC Specialty Announces Addition of Edward Krayer to M&A Solutions Team

DENVER, CO – April 2, 2020 – CAC Specialty announced today the addition of Edward (Ed) Krayer as a Senior Vice President in CAC Specialty’s M&A Solutions team. Krayer comes to CAC Specialty with more than 14 years of experience in the industry and as a specialist in supporting private equity sponsors in the Northeast. Krayer’s experience includes work at several global brokers. He has served as Vice President at Aon, Senior Vice President at […]

Learn more

CAC Specialty Expands Property and Casualty Service Offerings with Addition of Loss Control and Claims Advocates

DENVER, CO – March 27, 2020 – CAC Specialty continues to expand its service offerings in the property and casualty arena, announcing today the addition of Robert (Bob) Trinkleback, Leader of Property and Casualty Loss Control, and Jonathan (Jon) Goodier, Vice President – Property and Casualty Claims Advocate. “Bob and Jon are outstanding additions to our team, moving us toward our goal of expanding our risk management capabilities,” said Bruce Denson Jr., President of CAC […]

Learn more

A WIN For Corporate Filers

Delaware Supreme Court Decision Validating Federal Forum Provisions in Certificates of Incorporation is a Win for Issuers and the D&O Insurance Marketplace On March 18, 2020, a very important decision was handed down in the Delaware Supreme Court. The case, Matthew B. Salzburg et al. v. Matthew Sciabacucchi, involved three companies (Blue Apron Holdings, Inc., Roku, Inc. and Stitch Fix, Inc.) which added Federal Forum Provisions (FFP) to their certificates of incorporation prior to filing […]

Learn more

A Roadmap to Finding and Negotiating Pollution Coverage for Covid-19

As we grapple with the human and personal effects of COVID-19, the pandemic is forcing companies to closely examine their corporate insurance programs to determine where, if at all, coverage can provide some relief to the economic losses that COVID-19 will cause. One of the best places to start is by reviewing your pollution legal liability (PLL) policies, which may have been placed recently, or as long as 10 years ago, but which may still […]

Learn more

CAC Specialty Broker Grant Nichols Recognized as a 2020 Environmental Power Broker

We are thrilled to announce that our own Grant Nichols was named a 2020 Power Broker by Risk & Insurance. Grant joined CAC Specialty’s environmental group in 2019 and brings over fifteen years of experience in crafting risk management solutions for business issues, both as an attorney and as an insurance broker. Specializing in environmental risk mitigation, he works with private equity firms, real estate developers, lenders, environmental consultants, manufacturing companies, and municipalities to mitigate […]

Learn more

Insurers Looking For Slight Increases After Several Quarters of Decreasing Price and Increasing Coverage

Continued market hardening in all lines of coverage, most notably in Directors & Officer’s liability, has created a market dynamic where Cyber insurers may begin to seek modest rate increases across their portfolios in 2020 and 2021. While we expect most of our strategic insurer partners to differentiate clients and not paint all customers with the same brush, at this stage it is prudent to caution all clients to expect some potential rate increase from […]

Learn more

CAC Specialty Announces Appointment of Carrie O’Neil as Senior Vice President

DENVER, CO – March 9, 2020 – CAC Specialty is pleased to announce the appointment of Carrie O’Neil as Senior Vice President in its Financial Lines Legal and Claims Practice. O’Neil joins CAC with experience on both the brokerage and insurer sides of the insurance industry. Most recently, O’Neil was a Senior Vice President at JLT Specialty, leading the financial lines’ Legal & Claims team. Prior to joining JLT, O’Neil was a product development specialist […]

Learn more

Representation & Warranty Market Update – Q1 2020

Download and review our Q1 2020 newsletter. Contents include: RWI growth in 2019 Range of Deal Sizes Expands Energy Healthcare Cannabis View PDF

Learn more

D&O Price Increases Accelerate in the First Two Months of 2020

Premiums for Directors & Officers liability insurance have generally been increasing for the last 18 months. Primary premiums have increased gradually, approximately 3 – 5% each quarter over the last 5 quarters, though on an annual basis the compounded increase is more dramatic. For companies with no adverse development in their risk profile, primary premiums for D&O programs renewing in the first quarter of 2020 are often 20% or more higher than 2019 first quarter […]

Learn more

CAC Specialty Expands Environmental Practice Group with Addition of John Kim

SAN FRANCISCO, CA – February 18, 2020 – CAC Specialty is pleased to announce the appointment of San Francisco-based John Kim as Senior Vice President within its Environmental Practice Group. With more than 25 years’ experience in the environmental space, John brings an added depth to the Environmental Practice Group – that of a senior-level environmental professional who has worked on large and complex environmental projects and transactions. “John’s decision to join CAC is a […]

Learn more

CAC Specialty and Cobbs Allen Announce Chris Trotter as Chief Financial Officer

CAC Specialty and Cobbs Allen are pleased to announce the appointment of Chris Trotter as Chief Financial Officer and member of the Executive Committee for both firms. In his new role, Trotter will oversee the financial operations of both CAC Specialty and Cobbs Allen, lead the Capital Markets efforts of both companies, liaise with financial partner Fortress Investment Group, and help strengthen Private Equity Sponsor relationships. “We are delighted to add Chris to the team,” […]

Learn more

CAC Specialty Expands Private Equity Focus with Addition of Ned Murphy and Dan Lehmann

CAC Specialty continues to expand its M&A Solutions specialty with the additions of Ned Murphy and Dan Lehmann. Both Murphy and Lehmann join as Senior Vice Presidents with a focus on business development and client service. In their roles, Murphy and Lehmann will work closely with CAC’s M&A Solutions team and Investment Banking platform, focusing on business development and client advisory for Private Equity, Financial Institutions, Fintech and High Net Worth clients across the country. […]

Learn more

CAC Specialty Announces U.S. Vendor Management E&O and Cyber Facility

Technology and cyber risks have become a major factor in vendor management for all companies across all industries.  As our world becomes increasingly interconnected and dependent upon outside third parties to underpin key components of the development, creation, and delivery of goods and services, the inherent risk of a supply-chain or vendor-based technology incident will only grow.  A robust technology-focused vendor management program should include strong indemnification protections, favorable (or no) caps on liability, and […]

Learn more