US-based insurance coverage dealer CAC Group has named Erin Lynch as its new CEO, efficient within the first quarter of 2025.
Presently serving as CAC Specialty’s pure assets observe president, Lynch will succeed Mike Rice, who is ready to tackle the position of vice-chairman.
Earlier than becoming a member of CAC Specialty in 2021, Lynch was international power observe president at Beecher Carlson.
Commenting on the brand new position, Lynch stated: “I’m honoured to function the following CEO of CAC Group.
“Beneath Mike’s management, CAC Group has established a powerful basis constructed on best-in-class service for our purchasers, delivered by the perfect expertise within the enterprise.”
Within the position of vice-chairman, Rice will oversee board duties and progress initiatives.
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CAC Group government chairman Paul Sparks stated: “Mike performed a serious position in growing the imaginative and prescient for CAC and has offered vital affect and management at our agency. He was instrumental in aligning CAC Group as one model, whereas constructing it to change into a vacation spot for prime expertise within the insurance coverage business.
“Because of Mike’s laborious work and steadfast adherence to our values and imaginative and prescient, CAC Group’s efficiency has been extraordinary. We’re extraordinarily grateful for his contributions, and we sit up for his continued involvement with the corporate.”
In October 2024, CAC Group unveiled CyberPeril Professional, a brand new cyber insurance coverage resolution tailor-made to the power and utility sectors.
This providing is designed to fill protection gaps and supply a extra versatile strategy to managing cyber dangers.
It permits purchasers to keep away from the complexities of exclusion buybacks or the need to self-insure in opposition to cyber-related property and casualty losses.
On the similar time, CAC Specialty additionally appointed Sandra Imbriani as government vice-president of the Pure Sources division to spearhead the newly established utilities observe group.
