Insurance holding company, FedNat Holding Company, has announced the appointment of Patrick McCahill to the newly created role of Chief Operating Officer (COO).
McCahill will be reporting to Michael Braun, FedNat’s Chief Executive Officer (CEO). He will have primary oversight of operations including underwriting, claims and information technology.
Prior to FedNat, McCahill served as President of American Platinum Property and Casualty Insurance Company, a wholly-owned subsidiary of Universal Insurance Holdings, Inc. In that role, he was responsible for all operations and corporate strategy including product line and geographic expansion.
McCahill began his career at Universal with Blue Atlantic Reinsurance Corporation, the company’s in-house reinsurance intermediary. He then went on to serve as Vice President of Product Development for Universal Property and Casualty Insurance Company. Prior to Universal, he served at reinsurance broker TigerRisk Partners.
Braun commented: “We are excited to welcome Patrick to the FedNat management team. FedNat has grown substantially over the past several years as we pursue our strategy of expanding profitably in homeowners markets outside of Florida.
“We look forward to utilizing Patrick’s broad industry experience across property insurance and reinsurance, and his management and leadership qualities, to drive increased efficiency in our operations and continue creating long-term value for our shareholders.”
