CapSpecialty, a wholly-owned subsidiary of Alleghany Corporation, has announced that Jack Sennott is stepping down from his roles as CEO, President and Chair, effective August 31.
Current Head of Specialty Underwriting, Adam Sills, has been named by Alleghany to succeed Sennott as President and CEO.
Sills has served as CapSpecialty’s Head of Specialty Underwriting since 2019, where he has been responsible for the production and profitability of the company’s underwriting operations for Professional Liability, Healthcare and Specialty Casualty, as well as Marketing and Distribution and Operations.
Prior to joining the company in 2013, he spent five years at Allied World and four years at Darwin Professional Underwriters. He started his career as a D&O underwriter for the Travelers.
Sennott said: “After being a part of Alleghany for most of the past 20 years, it is time for me to write a new chapter in my career.
“It has been my privilege to serve as CEO of CapSpecialty and in my prior roles for Alleghany. I am very proud of what we have accomplished at CapSpecialty and I know the company will not skip a beat with Adam at the helm. I wish the team every success.”
Joe Brandon, President and CEO of Alleghany Corporation, commented: ““Over the course of the past 20 years, Jack held several important roles for Alleghany including CFO of Darwin Professional Underwriters, CFO of Alleghany and most recently CEO of CapSpecialty. In each role, Jack made a meaningful difference and added significant value.
“I want to thank Jack for his leadership and many contributions, and in particular his leading CapSpecialty’s transformation to a preferred specialty casualty and surety insurance provider for small and mid-sized businesses across the US. We wish Jack all the best in his future endeavours.”
Brandon added: “We are pleased to appoint Adam Sills as CEO and President. Adam will do a superb job leading CapSpecialty after having been a key member of the senior management team for almost nine years.
“He is an experienced and disciplined underwriter whose deep knowledge of the company and strong industry relationships will serve CapSpecialty and its clients well.”
