CAC Specialty Hires Matt Movafaghi to Join its Tax Insurance PracticeSeptember 23rd, 2020
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 service, expertise, and creative thinking to solving each unique risk transfer” said Movafaghi. “I’m very excited for the opportunity to join this forward-thinking team and to provide innovative and sophisticated risk transfer solutions for CAC’s clients.”
Prior to Chevron Corporation, Movafaghi was a tax attorney at Willkie Farr & Gallagher 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.
“We are committed to growing our Tax Insurance Practice with top talent. As our clients face an increasing array of tax technical risks, we understand that they demand sophisticated solutions from their risk advisors,” said Michael Wakefield, Transactional Liability Practice Leader. “Matt is a great addition to our tax team to assist our clients deal with the growing complexities and uncertainties of tax liability.”
“Our corporate clients are increasingly using tax insurance as a risk management tool to not only improve the balance sheet by providing liquidity, but to drive accretive value to earnings by mitigating reserves for uncertain tax positions,” said Jordan Tamchin, Tax Insurance Practice Leader. “With Matt’s tax technical expertise and deep understanding of the inner workings of the corporate tax department, he’s a great strategic fit to deliver unparalleled solutions for our corporate clients.”
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.