CAC Specialty forms specialty environmental risk and insurance group
Integrated specialty insurance brokerage and investment banking business CAC Specialty has appointed Gregory Schilz as executive vice president to lead the firm’s newly-formed Environmental Practice Group, along with senior vice presidents Grant Nichols and Brian Lu.
The group is a national practice focused on crafting risk management solutions for clients who own, purchase, develop, and operate properties and assets that have, or could have, pollution-related exposures.
Schilz joins CAC Specialty’s San Francisco office and brings over 30 years of experience as a specialty environmental broker. He has served clients on a global basis, placing over 3,000 PLL policies in his career while pioneering the use of cost-cap insurance.
“I am excited to join a firm that is dedicated to delivering specialized services in supporting clients for successful outcomes,” Schilz said. “The CAC platform enables us to put clients and their needs first, utilizing cutting edge products and services. We are excited to be part of an organization committed to changing the industry and re-thinking what is possible for our clients.”
Nichols is based in Miami and will focus on business development and advising many of the same developer and private equity clients he worked with as an environmental attorney. Nichols has a background in creating out-of-the-box risk management solutions for particularly complex environmental exposures. He also has a focus on developing insurance policy language to match the contractual liabilities incurred by his clients with continually-developing environmental case law.
Lu is based in New York and has over 15 years of experience as an environmental expert, first in senior underwriting roles, and, for the past decade, as an environmental broker. Lu works extensively with the environmental specialty insurance markets helping to craft bespoke, cutting-edge environmental risk transfer products for complex transactions and Fortune 500 clientele. Lu has worked in the energy sector, manufacturing industry and real estate field; he has a focus on devising risk solutions for large, global risks into single, consistent, and harmonious risk management programs.
“We are thrilled to welcome Greg, Grant and Brian to CAC Specialty,” said Paul Sparks, chairman of CAC Specialty. “CAC hires exceptional people and empowers them to provide world-class client service. We firmly believe that specialized talent delivers the best outcomes and experience for our clients. Our investment in a premier environmental team reflects our continued commitment to bring resources that make a difference for our clients.”
Get all the latest re/insurance industry news with our daily newsletter - sign up here.
World Bank $225m cat bond transaction insures the Philippines against natural disaster
Swiss Re outlines plans for further growth in reinsurance
US P&C industry underwriting income up by 13 percent
Munich Re closes $200m oil & gas securitisation financing
Shipping industry likely to face increasing insurance costs in 2020
HDI Global USA appoints new CEO
Global Aerospace appoints group general counsel
Apollo Syndicate Management continues actuarial build-out with senior hire
Iotatech appoints industry veteran to Strategic Advisory Council
Verisk launches new home inspection customer collaboration tool
