Two insurance companies made key leadership hires this week. The moves show how firms are strengthening their teams to grow in a competitive market.
CAC Group Appoints Chief Strategy Officer
Brokerage firm CAC Group has promoted Bruce Denson Jr. to chief strategy officer. He was previously an advisor. This new role completes the company’s executive leadership team.
CEO Erin Lynch said Denson helped shape the company’s direction. He will now help lead its expansion plans. Denson will report to President John Ludwig. His job is to connect market opportunities with company talent.
Denson has been with CAC for over 20 years. He has led geographic expansion and revenue growth before. He said the firm is focused on accelerating its strategy to provide value.
Paragon Hires Chief Actuary
In a separate move, Paragon Insurance Holdings has hired Maheswaran Sudagar as its chief actuary. Paragon is a managing general agency.
Sudagar joins from Crum & Forster, where he was a senior lead actuary. He has more than 20 years of experience in North America, Europe, and Asia-Pacific.
At Paragon, Sudagar will lead all actuarial work. This includes pricing, data analytics, and regulatory compliance. He will work with underwriting and finance teams to support the company’s specialty insurance platform.
Paragon runs over 25 insurance programs. The company said this hire shows its focus on growing with advanced pricing and better portfolio management. Sudagar’s expertise is expected to sharpen the firm’s competitive edge.
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