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Both executives will report to Jim Wallace, head of E&S property. -
Its PE owners have been exploring strategic options since May last year.
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The company posted favorable development in the last quarter of 2023.
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The executive was most recently president of Vouch Specialty.
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The business will be led by Alex Kirkby, new head of marine and energy.
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David Arick will design and implement Sedgwick’s risk management solutions.
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The firm’s Q4 GWP grew over 21% fueled by surety, transactional E&S and captives.
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Bill Fahrner most recently served as CUO at Joyn Insurance.
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The Coalition Cyber Threat Index predicts a jump in exploit-based cybercrime this year.
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Twia’s actuarial and underwriting committee made the recommendation last week.
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The company’s book is being run off by Boost Insurance.
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The company would ideally like to target a minority investment.
