CAC Specialty Names New CEO

CAC Specialty names new CEO

There is a new man at the helm of specialty insurance brokerage and investment banking business CAC Specialty.

The company today revealed a new CEO in the form of Michael D. Rice II – an industry veteran who offers more than 25 years’ experience in the brokerage industry. Most recently he was the founding CEO and executive chairman of JLT Specialty USA and was also with Aon for more than 20 years.

“We are delighted that Mike has decided to join CAC Specialty as our chief executive officer,” said Paul Sparks, executive chairman of CAC Specialty. “His unmatched talent, industry experience, and institutional relationships will greatly enhance our growing market presence. Mike’s appointment is a demonstration of our continued, unwavering commitment to build a best-in-class, game-changing industry platform.”

Rice will now head up a team of experienced insurance executives including president Bruce Denson Jr., chief revenue officer David Payne and senior managing director and head of investment banking Jack Leventhal.

“I’m honored to be joining CAC Specialty as its CEO,” Rice said. “I am grateful to the board of directors for their trust in me and for the vision that built this innovative and integrated insurance brokerage and investment banking platform.

“CAC has assembled an incredibly talented group of insurance and investment banking specialists, all of whom are focused on challenging the status quo for the benefit of our clients and our employees. Our foundation is strong, and I could not be more excited about our future.”

RECENT NEWS

The Fundamentals Of Asset-Liability Management

Author: Ricardo Goulart                           ... Read more

Enhancing Shareholder Value Through Fiscal Responsibility

Author: Brett Hurll                            &nb... Read more

The Importance Of Life Insurance In Financial Planning

Life is unpredictable, underscoring the cardinal rule within the realm of finances, "expect the unexpected.” Life insu... Read more

How Insurance Companies Determine Premiums

Decoding the labyrinth of how insurance companies determine premiums isn't as daunting as it seems. Essentially, insuran... Read more

Different Types Of Insurance And Their Benefits

Engaging with the intricate world of finance presents an age-old certainty - "Different types of insurance and their ben... Read more

Machine Learning In Risk Assessment For B2B Loans

Risky business, and even riskier decisions – that's where machine learning in risk assessment for B2B loans finds a pl... Read more