CAC Specialty Hires Jordan B. Tamchin to Lead its Tax Insurance Practice
Dec 1, 2019
CAC Specialty announces the expansion of its Transactional Liability Practice with the appointment of Jordan B. Tamchin, Esq. as Senior Vice President and leader of its Tax Insurance Practice.
Most recently, Tamchin was Vice President, Tax Insurance Counsel for Concord Specialty Risk, a part of Ryan Specialty Group’s RSG Underwriting Managers, where he underwrote a wide range of tax risks for corporations and private equity funds.
“CAC Specialty has shown a commitment to building a unique risk-transfer platform for its clients, which is already driving impressive growth,” said Tamchin. “The focus on innovative and sophisticated risk-transfer solutions is the perfect complement for a forward-thinking tax insurance practice, and I’m very excited for the opportunity to join this extraordinary team.”
Prior to Concord Specialty Risk, Tamchin was a tax attorney at Simpson Thacher & Bartlett LLP, where he represented multinational corporations and private equity funds on the tax aspects of mergers and acquisitions, joint ventures, spin-offs, and capital market transactions. In addition, Tamchin was a tax advisor in the M&A tax group at PricewaterhouseCoopers LLP where he performed tax due diligence and structuring on behalf of his private equity and corporate clients.
“We understand that, as our clients face an increasing array of technical risks, they demand more sophisticated solutions from their risk advisors,” said David Payne, Chief Revenue Officer. “Jordan is a great addition to our team to assist our clients deal with the growing complexities and uncertainties of tax liability.”
Tamchin will be joined by Debra Aboodi, also an experienced tax attorney who previously practiced at Cravath Swaine & Moore LLP.
“Tax insurance is the fastest-growing segment of the transactional liability insurance market, and at Jordan’s direction we will immediately be thought of as the leader in the space,” said Michal Wakefield, Transactional Liability Practice Leader. “He’s the perfect fit to launch this dedicated practice and deliver creative solutions across the spectrum of tax risk.”
From simple risk needs to solving the previously unsolvable, CAC Specialty’s M&A Solutions Group delivers best-in-class asset protection and value creation for its corporate and sponsor clients. As part of the M&A Solutions Group, the Transactional Liability Practice focuses on representation & warranty, tax, and contingent risk insurance, from high-touch service in traditional placements to crafting bespoke solutions for unique risks.