CAC Specialty, a specialty insurance brokerage and investment banking platform recently established by Cobbs Allen, has appointed Colin Daly as Executive Vice President and Co-leader of the firm’s Financial Lines Practice (FLP).
A founding member of JLT Specialty US, Daly was key in shaping its US business. He also formed and grew the firm’s Financial Lines Group nationally.
Prior to JLT, he served as the national leader of Aon’s Financial Services Group.
As Co-leaders of CAC’s FLP, Daly and Darren Sonderman will take control of attracting talent, clients, and carrier partners that will mutually develop solutions in the D&O, Cyber, E&O, EPL, Fidelity, Fiduciary and Kidnap, Ransom & Extortion Liability product lines.
“I am very excited to be working with Darren and a team with such unbelievable talent and experience,” said Daly.
“In a very short amount of time, CAC Specialty has become the brokerage firm of choice for highly successful D&O and Cyber professionals. Given the current market conditions, there is no time like the present to have an experienced brokerage option with individuals that have always put clients first.”
They will also work closely with CAC’s Mergers & Acquisitions Practice in order align transaction liability products, due diligence and restructuring offerings with FLP clients.
“Colin is a proven leader given his past success of managing a large national practice with one of the largest brokerage firms in the world and then taking that experience and successfully building one of fastest-growing financial lines brokerage businesses,” said Paul Sparks, Chairman of CAC Specialty.
“This is a people business and it is tremendously exciting to be teaming up with Colin and dozens of other professionals that are the best in the business,” added Sonderman.
“It is a privilege to have the opportunity to innovate and partner with highly successful professionals in the insurance brokerage, investment banking and analytics arena; to bring unparalleled risk management value to our clients.”