Jan 10, 2025 (MarketLine via COMTEX) --
US-based insurance broker CAC Group has named Erin Lynch as its new CEO, effective in the first quarter of 2025.
Currently serving as CAC SpecialtyaEUR(TM)s natural resources practice president, Lynch will succeed Mike Rice, who is set to take on the role of vice-chairman.A
Before joining CAC Specialty in 2021, Lynch was global energy practice president at Beecher Carlson.A
Commenting on the new role, Lynch said: aEURoeI am honoured to serve as the next CEO of CAC Group.AA
aEURoeUnder MikeaEUR(TM)s leadership, CAC Group has established a strong foundation built on best-in-class service for our clients, delivered by the best talent in the business.aEURAA
In the role of vice-chairman, Rice will oversee board responsibilities and growth initiatives.AA
CAC Group executive chairman Paul Sparks said:AaEURoeMike played a major role in developing the vision for CAC and has provided significant influence and leadership at our firm. He was instrumental in aligning CAC Group as one brand, while building it to become a destination for top talent in the insurance industry.AA
aEURoeAs a result of MikeaEUR(TM)s hard work and steadfast adherence to our values and vision, CAC GroupaEUR(TM)s performance has been extraordinary. We are extremely grateful for his contributions, and we look forward to his continued involvement with the company.aEURA
In October 2024, CAC Group unveiled CyberPeril Pro, a new cyber insurance solution tailored to the energy and utility sectors.A
This offering is designed to fill coverage gaps and provide a more flexible approach to managing cyber risks.A
It enables clients to avoid the complexities of exclusion buybacks or the necessity to self-insure against cyber-related property and casualty losses.A
At the same time, CAC Specialty also appointed Sandra Imbriani as executive vice-president of the Natural Resources division to spearhead the newly established utilities practice group.AA
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