CAC Specialty Bolsters Financial Lines Practice with New Senior Vice President Tom Power as Leader of Financial Institutions GroupAugust 22nd, 2022
CAC Specialty is pleased to welcome Tom Power as Senior Vice President and leader of CAC’s Financial Institutions Group. Tom’s experience working with financial institutions make him a valued asset to the team and our clients.
Tom is joining CAC Specialty with over 14 years of experience working with financial institutions. He began his career in operations at Citigroup Smith Barney, where he assisted in managing order flow. Then, Tom transitioned to AIG as a major accounts team leader within their Financial Institutions Group. While with AIG, Tom continued to take roles of increasing responsibility, culminating in him becoming the head of AIG’s Financial Lines team in the southeast.
Throughout his time with Citigroup and AIG, Tom has built a diverse background in the insurance industry working on a variety of product sets like D&O, E&O, fidelity and employed lawyers. He is also a valued resource for financial institutions such as banks, asset managers, securities and insurance companies.
“Tom is an important addition to our Financial Lines team,” said Darren Sonderman, Executive Vice President and Co-leader of CAC Specialty’s Financial Lines Practice. “We are excited to bring in someone who has led at every level with such varied experience.”
About CAC Specialty
CAC Specialty is an integrated specialty insurance brokerage business 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. We serve a variety of clients, including large corporations, small and medium-sized enterprises, private equity sponsors and portfolio companies, and fund managers.