CAC expands transactional liability business with swathe of new hires
Specialty insurance brokerage CAC Specialty has unveiled a series of new hires to expand its presence in the transactional liability insurance market.
The new hires specialise representation and warranty insurance, tax insurance, and contingent risk insurance, and reflect CAC's substantial investment in this fast-growing market.
Alex Luxenburg specialises in representation and warranty insurance. Prior to joining, Luxenburg underwrote representation & warranty insurance and held leadership positions with Hamilton Insurance and Chubb, before which he practiced law at Paul, Weiss, Rifkind, Wharton & Garrison.
Jessie Friend also specialises in representation and warranty insurance, with an emphasis on insured-favorable policy language. Previously, Friend served as a corporate and securities associate with a focus on representation and warranty insurance, emerging companies and M&A with Pillsbury Winthrop Shaw Pitman.
Shai Silverman will focus on contingent risk insurance. Silverman joins CAC Specialty after years of experience as an appellate litigator, practicing law at the firms of Wiggin and Dana, Mayer Brown, and Sullivan & Cromwell. He also served as a law clerk on the United States Court of Appeals for the Fifth Circuit.
Jessica Kirk specialises in tax insurance and joins CAC Specialty after practicing law at Holland & Knight (formerly Thompson & Knight). At the law firm, she advised and represented clients with respect to a wide range of tax matters.
Finally, Bruce Laney joins from Chambliss, Bahner & Stophel and Elarbee, Thompson, Sapp & Wilson, where he was a labor and employment paralegal.
“We are growing both with and ahead of the fast-moving transactional liability insurance market,” said Michael Wakefield (pictured), CAC Specialty’s transactional liability practice leader. “There are more opportunities than ever before to solve simple and complex challenges for our clients with insurance. Our team of twelve experienced professionals is at the forefront of each area of specialisation, and we’re excited to leverage this investment for our clients’ benefit.”
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