“Celebrating the achievements of our colleagues isn’t just about recognition; it embodies CAC’s approach to business, our values, and above all, our mission to help clients solve complicated risks,” said Michael Rice, CEO of CAC Group. “This award highlights the importance of best-in-class talent utilizing passion, creativity and problem-solving to redefine how companies manage risk. Congratulations to all the Power Broker winners and finalists for their outstanding contributions.”

Following are the CAC Specialty R&I 2024 Power Brokers winners and finalists:

Winners:

• Vannessa Smith, Cyber
• Nathan Wonder, Renewable Energy
• David Barnes, M&A
• Thomas Bonfiglio, M&A
• Lauren Carroll-Allan, Renewable Energy
• Matthew Movafaghi, Specialty
• Vara Cybart, Technology

Finalists:

• Dameion Baker, Traditional Energy
• Jordan Tamchin, Specialty
• Geraldine Kerrigan, Utilities

To review the complete list of Power Brokers, visit the Risk & Insurance website.

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About CAC Specialty

CAC Specialty is a leading specialty insurance broker and advisor that provides expertise and placement capabilities across the spectrum of insurance and capital markets. CAC delivers customized solutions for a wide range of risks, serving both large corporations and small-to-medium enterprises. As an employee-controlled company, we house top industry talent dedicated to meeting our clients’ comprehensive risk management needs.

Media Contact:
Kelsey Munger, KemperLesnik
Kelsey.Munger@KemperLesnik.com

The post CAC Specialty Brokers Honored with Risk & Insurance’s Power Broker Award appeared first on CAC Group.

Erica Kasperkowiak will assume the position of Senior Vice President, Private Equity HCR Growth Lead, focusing her efforts on leading business development to support the practice’s expansion. This transition coincides with sponsors and portfolio companies facing greater challenges in the PE sector, increasing demand for expertise and innovative solutions.

“We are deeply grateful to Erica for all of her contributions to the team and for building our practice to its robust position today,” remarked David Payne, Chief Revenue Officer at CAC Specialty. “Her efforts generated substantial value for portfolio companies, investors, and employees, supporting companies in their post-close transformations and addressing critical employee benefits challenges and optimization opportunities. We look forward to accelerating the practice’s growth through her business development initiatives.”

Additionally, CAC Specialty welcomes Brian Clay as Executive Vice President and Practice Leader of Private Equity HCR. In this role, Clay will lead the team providing transaction advisory services to Private Equity clients and their portfolio companies, focusing on employee benefits support and identifying cross-portfolio value-creation opportunities.

“Brian’s appointment underscores CAC’s ongoing investment in industry best talent as well as targeted strategic sectors,” said Payne. “His expertise will further our mission of facilitating deals and operating with the speed and precision that our clients value most.”

In his previous role at an insurance brokerage, Clay built an employee benefits team in the Private Equity space to address transactional risks through due diligence and ongoing insurance management. He also excelled in numerous leadership positions at other leading national and global brokers during his 20 years in the insurance industry.

“The human capital risks and employee benefits challenges in Private Equity are an opportunity for us to support the transformation of portfolio companies. The need for a proactive, strategic, problem-solving partner and specialized employee benefits broker is critical,” noted Clay. “The Private Equity team at CAC Specialty has seen tremendous success, and I’m grateful for the opportunity to build upon the standout work of this practice.”

# # #

About CAC Specialty

CAC Specialty is a leading specialty insurance broker and advisor that provides expertise and placement capabilities across the spectrum of insurance and capital markets. CAC delivers customized solutions for a wide range of risks, serving both large corporations and small-to-medium enterprises. As an employee-controlled company, we house top industry talent dedicated to meeting our clients’ comprehensive risk management needs.

Media Contact:
Kelsey Munger, KemperLesnik
Kelsey.Munger@KemperLesnik.com

The post CAC Specialty’s Private Equity Human Capital Risk Practice Expands Leadership Team appeared first on CAC Group.

Cirrus was created to help renewable energy project developers consider long-term insurability in order to develop more resilient projects. Many renewable energy project developers lack in-house risk managers and often sell projects before construction, leaving the insurance needs of projects overlooked. Cirrus fills this gap by providing comprehensive analytics, modeling, risk mitigation and insurance market intelligence tailored specifically for renewable energy projects. Cirrus reports provide crucial insight into expected pricing, terms and conditions that might impact early-stage design decisions.

“We are honored to be recognized as a Risk Management Innovation honoree. Cirrus Advisers is a driving force behind the evolution of risk management practices, contributing to the sustainability and success of renewable energy projects as insurance market conditions change,” said Sara Kane, Executive Vice President and Leader of the Power & Renewables team at CAC Specialty, and one of the co-founders of Cirrus. “This award underscores the positive impact that we are making in the industry in filling an important gap in project development considerations.”

Cirrus is focused on delivering unique reports offering invaluable insights, allowing project developers to navigate cost-benefit analyses and make decisions that influence the long-term success of their endeavors. Cirrus also provides bespoke consulting engagements at the intersection of renewable energy and insurance.

Honorees, including Cirrus Advisers, will be featured in the October 2023 issue of NU Property & Casualty magazine and showcased online at PropertyCasualty360.com.

For more information about Cirrus Advisers and its innovative risk management solutions, please visit https://cirrusadvisers.com/.

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About CAC Group

CAC Group is a leading national insurance brokerage specializing in risk management. Comprising CAC Specialty and Cobbs Allen the entity provides commercial insurance, employee benefits, and personal insurance solutions to clients. With a legacy spanning 135 years, Cobbs Allen is a pioneer in property & casualty and employee benefits brokerage, while CAC Specialty is an industry-leading specialty broker.

Media Contact:

Kelsey Munger, KemperLesnik

Kelsey.Munger@KemperLesnik.com

The post CAC Specialty’s Cirrus Advisers Named a Risk Management Innovation Honoree by the 2023 PropertyCasualty360 Insurance Luminaries Program appeared first on CAC Group.

This recognition reaffirms CAC Group’s market leadership, highlighting the company’s diverse risk advisory and placement approach, as well as its dedication to client service and retention. The company’s industry-leading talent is instrumental in its ongoing growth and success, resulting in noteworthy margins and profits over the past year.

“We’re honored to receive this prestigious award,” said Michael Rice, CEO of CAC Group. “Despite challenging macroeconomic and insurance market conditions, CAC Group consistently delivers innovative insurance solutions that empower our clients to build resiliency and thrive. Our recognition as Inside P&C’s 2023 Retail Broker of the Year affirms that CAC Group consistently improves outcomes for clients through our specialized expertise, execution certainty, and deep-seated relationships.”

The award was announced at the Inside P&C Honors event on September 27 at Guastavino’s in Manhattan.

# # #

About CAC Group

CAC Group is a leading national insurance brokerage specializing in risk management. Comprising CAC Specialty and Cobbs Allen the entity provides commercial insurance, employee benefits, and personal insurance solutions to clients. With a legacy spanning 135 years, Cobbs Allen is a pioneer in property & casualty and employee benefits brokerage, while CAC Specialty is an industry-leading specialty broker.

Media Contact:
Kelsey Munger, KemperLesnik
Kelsey.Munger@KemperLesnik.com

The post CAC Group Awarded Inside P&C’s 2023 Retail Broker of the Year appeared first on CAC Group.

“CAC Specialty’s inclusion on the Fast 50 is a great honor for every member of our team – both locally in Denver and nationwide,” said Michael Rice, CEO of CAC Group, which encompasses Cobbs Allen and CAC Specialty. “Businesses in Denver continue to navigate a rapidly changing risk landscape. We are focused on working side-by-side with these organizations, identifying risk and insurance solutions to help them stay on course and continue to grow and thrive. This partnership with our clients is what has helped us grow so quickly.”

Between 2020 and 2022, CAC Specialty experienced substantial growth in revenue, industry- leading talent, geographic presence, and client base. CAC Specialty’s success stems from a deliberate strategy of developing expertise in specialized industries, products and programs. Specialized industries include healthcare, natural resources, and technology, with product offerings in contingent risk, surety, and executive liability. The firm’s proactive approach to rising demand for advisory-focused services positions it for continuous growth.

Denver Business Journal will reveal the rankings at an exclusive Fast 50 cocktail reception on Thursday, October 19 at Kevin Taylor’s at the Opera House.

# # #

About CAC Group

CAC Group is a leading national insurance brokerage specializing in risk management. Comprising CAC Specialty and Cobbs Allen the entity provides commercial insurance, employee benefits, and personal insurance solutions to clients. With a legacy spanning 135 years, Cobbs Allen is a pioneer in property & casualty and employee benefits brokerage, while CAC Specialty is an industry-leading specialty broker.

Media Contact:

Kelsey Munger, KemperLesnik

Kelsey.Munger@KemperLesnik.com

The post CAC Specialty Named to Denver Business Journal’s 2023 Fast 50 List appeared first on CAC Group.

“It’s a great honor to once again be recognized by Insurance Journal as a leader in the brokerage landscape,” said Bruce Denson, President of CAC Group. “Our exemplary team of specialists continues to serve CAC clients, driving our organization towards continuous revenue growth. With structured solutions and the latest technology, we are proud to provide tailored, individualized coverage that stands out among the crowd.”

Insurance Journal’s annual ranking is based on total agency revenue for agencies whose business is primarily retail, not wholesale.

About CAC Group

CAC Group is a leading national insurance brokerage specializing in risk management. Comprising CAC Specialty and Cobbs Allen the entity provides commercial insurance, employee benefits, and personal insurance solutions to clients. With a legacy spanning 135 years, Cobbs Allen is a pioneer in property & casualty and employee benefits brokerage, while CAC Specialty is an industry-leading specialty broker.

Media Contact:

Kelsey Munger, KemperLesnik
Kelsey.Munger@KemperLesnik.com

The post CAC Group Takes #25 Spot on Insurance Journal’s 2023 Top 100 P/C Agencies appeared first on CAC Group.

The Inc. 5000 list, published annually by Inc. Magazine, recognizes companies that have demonstrated outstanding growth and success over the past year. CAC Group’s inclusion in this list highlights the firm’s commitment to excellence and positions CAC Group among the most prominent players in the U.S. business landscape.

“We are thrilled to be ranked among the fastest-growing companies in the nation,” said Michael Rice, CEO of CAC Group. “This accomplishment highlights the commitment of our team, which consistently provides advanced insurance solutions and unparalleled service, ensuring our clients’ satisfaction and protection.” 

CAC Group’s ability to navigate complex challenges and deliver innovative strategies to its clients has solidified its position as a top performer in the brokerage sector. Inc. Magazine’s recognition of CAC Group further underscores its position as an industry leader and reinforces the company’s dedication to continued growth and success.

About CAC Group

CAC Group is a leading national insurance brokerage specializing in risk management. Comprising CAC Specialty and Cobbs Allen the entity provides commercial insurance, employee benefits, and personal insurance solutions to clients. With a legacy spanning 135 years, Cobbs Allen is a pioneer in property & casualty and employee benefits brokerage, while CAC Specialty is an industry-leading specialty broker.

Media Contact:

Kelsey Munger, KemperLesnik
Kelsey.Munger@KemperLesnik.com

The post CAC Group Named to the 2023 Inc. 5000 List of America’s Fastest-Growing Private Companies appeared first on CAC Group.

CAC Group’s strategic approach to risk management and tailored client products have set it apart in the market. The company’s ability to adapt to evolving industry trends and anticipate clients’ needs has been instrumental in its growth.

“We are delighted to be recognized among the top 100 largest brokers,” said Michael Rice, CEO of CAC Group. “This accomplishment is a testament to the hard work and dedication of our exceptional team who consistently go above and beyond to provide our clients with top-notch solutions.”

Business Insurance’s Directory of Brokers serves as a comprehensive ranking, evaluating and celebrating the most prominent players in the insurance brokerage sector.

# # #

About CAC Group

CAC Group is a leading national insurance brokerage specializing in risk management. Comprising CAC Specialty and Cobbs Allen the entity provides commercial insurance, employee benefits, and personal insurance solutions to clients. With a legacy spanning 135 years, Cobbs Allen is a pioneer in property & casualty and employee benefits brokerage, while CAC Specialty is an industry-leading specialty broker.

Media Contact:
Kelsey Munger, KemperLesnik
Kelsey.Munger@KemperLesnik.com

The post CAC Group Continues Upward Trajectory, Climbing Three Spots Among the Top 100 Largest Brokers of U.S. Business appeared first on CAC Group.

Highlights from our first Impact Day include volunteer projects in Birmingham, Denver, Houston, New York and Atlanta, with more than 125 colleagues participating. Looking ahead, we aim to expand Impact Day to encompass all CAC/CAH offices, creating regional volunteer events where employees can support local community organizations. We want every employee to have the opportunity to engage and take action in support of underrepresented and marginalized groups within our communities. 

We are thrilled by the success of our inaugural Impact Day and appreciate your continued support and participation. Stay tuned for future Impact Days and join us in creating positive change!

The post CAC Specialty & Cobbs Allen Celebrate Inaugural Impact Day 2023 appeared first on CAC Group.

CAC’s Intellectual Property Portfolio Insurance solution, developed by Andrew Mutter, David Barnes, Megan O’Hara Easley and Shai Silverman, is a collaboration with carriers to establish an insurance structure that ensures the cashflow value of high-quality IP portfolios for a negotiated term of years. This enables lenders to offer lower-cost loans supported by the policy, unlocking more capital to the benefit of patent holders and innovators.

“This distinction showcases our established position as a thought leader and front-line innovator in the Contingent Risk Insurance space,” said Andrew Mutter, Co-Head of Contingent Risk at CAC Specialty. “CAC’s Intellectual Property Portfolio Insurance helps owners of high-value IP assets better leverage these assets to bring forward capital for further investment in such things as research and development, M&A, and operations expense.”

“This is an innovation that supports further innovation,” said David Barnes, who co-leads the group with Mutter. “Our product rewards high-quality intellectual property by lowering the cost of capital, encouraging the development of even more high-quality innovations.”

With over 70 nominations from which Business Insurance named 12 winners, those awarded an Innovation Award scored highly in a very competitive field. Profiles of the winners will be featured in the September issue of Business Insurance and recognized at the U.S. Insurance Awards on July 19 in New York.

About CAC Specialty

CAC Specialty is an integrated specialty insurance brokerage focused on providing expertise and placement capabilities across the spectrum of insurance and capital markets. CAC is an employee-controlled company focused on providing the best talent in the industry to serve its clients’ risk transfer needs. We serve a variety of clients, including large corporations, small and medium-sized enterprises, private equity sponsors and portfolio companies, and fund managers.

The post CAC Specialty’s Contingent Risk Group Awarded Business Insurance Innovation Award appeared first on CAC Group.

CAC Specialty’s Rising Stars for 2023 are Michael Wakefield and Robert Regueiro, both in the specialty practice, and Vara Pikor Cybart, in M&A.

“We are immensely proud of our Rising Stars,” said Michael Rice, CEO at CAC Specialty. “This award is a testament to their outstanding achievements and expertise in the industry, and we take great pleasure in having such talented professionals on our team. “

To review the complete list of Power Brokers and Rising Stars, visit the Risk & Insurance website.

About CAC Specialty

CAC Specialty is an integrated specialty insurance brokerage business focused on providing structuring expertise and placement capabilities across the spectrum of insurance and alternative capital markets. We serve a variety of clients, including large corporations, small and medium-sized enterprises, private equity sponsors and portfolio companies, and fund managers.

The post CAC Specialty’s Wakefield, Regueiro and Cybart Named Rising Stars from Risk & Insurance’s Power Brokers appeared first on CAC Group.

“We are incredibly honored to see our brokers receive this designation,” said CEO Mike Rice. “The Power Broker award is the highest marker of success in our industry. These wins only reinforce what we already knew—that our brokers are the best in the business. I want to congratulate the CAC Specialty team and our Power Broker Winners and Finalists for providing industry leading insight and service to our wonderful clients.”

CAC Specialty’s Power Brokers and Finalists are represented in the following categories: Environmental, Renewable Energy, Specialty, Traditional Energy and M&A.

Power Brokers:

• John Kim: Environmental
• Susan Garrard: Renewable Energy
• Sara Kane: Renewable Energy

Finalists:

• Michael Wakefield: Specialty
• Robert Regueiro*: Specialty
• Lindsey Carl: Traditional Energy
• Alan Peterson*: M&A
• Vara Pikor*: M&A

To review the complete list of Power Brokers, visit the Risk & Insurance website.

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