4 People on the Move
Marcin Weryk Joins Coalition as Head of Business Development
Coalition, a cyber insurance and security company, announced the addition of Marcin Weryk as head of business development. Weryk brings more than 15 years of insurance industry experience as a cyber and technology E&O underwriter managing teams at global carriers, most recently at XL Catlin.
Coalition announced in May that it raised $90 million in equity capital to fuel its rapid growth and expansion. As head of business development, Weryk will support this growth by driving the company’s distribution strategy.
“We are very pleased to welcome Marcin to our team. He is a trusted and respected leader in insurance,” said Shawn Ram, head of insurance, Coalition.
“Marcin has spent his career collaborating with brokers to help manage their clients’ technology risks. His insurance industry experience and market relationships will help us strengthen and expand our service to brokers globally.”
“For cyber insurance to be successful as a solution, cybersecurity needs to be integrated with policies to help clients mitigate risk every day, not just when an incident occurs. Coalition’s technology focus with highly trained cybersecurity experts and suite of tools and services offer a completely new approach to the role of a cyber insurer,” Weryk said.
“Coalition is deeply invested in solving cyber risk, not just insuring it. I believe in this mission and look forward to helping brokers protect businesses in a whole new way.”
Weryk was most recently vice president and head of cyber risk for Western and Southern U.S. at XL Catlin.
Hiscox Names Adam Petrone Senior Vice President and Regional Executive
Specialist insurer Hiscox announced the appointment of Adam Petrone as senior vice president and northeast regional executive in the US. In his new role, Petrone will lead the Northeast Region underwriting team in Manhattan, where he is based. He will report to Bob Gadaleta, head of Field for Hiscox USA.
“The contributions Adam has made to both operations and distribution have been instrumental to our growth,” Gadaleta said. “We’re excited for Adam to lead the Northeast Regional underwriting team and look forward to his continued success at Hiscox.”
Prior to his appointment, Petrone served as vice president of Field Management and led a number of strategic initiatives for the Field Leadership team. He began his career at Hiscox in 2009.
Ryan Specialty Group Europe Hires Will Gay and Expands European Capabilities
Ryan Specialty Group Europe announced that it is continuing to expand the underwriting capabilities of RSG Transactional Risks Europe (RSG TRE) with the hiring of Will Gay.
RSG Transactional Risks Europe is a specialized managing general underwriter focused exclusively on providing transactional insurance solutions to the mergers & acquisitions community.
Gay will focus on Commercial Tax Liability insurance, alongside Kerry Westwell, Head of Tax at RSG TRE. Gay is a senior tax lawyer and joins RSG TRE from private practice where he has spent 16 years advising clients on a full range of tax matters.
Peter McKenna, managing director of Ryan Specialty Group Europe, commented, “Will Gay will enhance our underwriting capabilities in Tax W&I and will support further growth of RSG’s transactional risk practice in Europe.”
RSG Transactional Risks Europe comprises 22 professionals across London and Barcelona.
McGriff Hires Kieran Hughes as SVP and Senior Claims Counsel, Executive Risk Advisors Group
McGriff announced the hiring of Kieran Hughes as a senior vice president and senior claims counsel in its Atlanta-based Executive Risk Advisors group.
McGriff comprises McGriff, Seibels & Williams, Inc. and McGriff Insurance Services, Inc., and is a full-service insurance broker providing risk management and insurance solutions.
Hughes joins McGriff after nearly 17 years at AIG, where he served as vice president of Financial Lines Claims. He managed directors & officers (D&O) liability claims for national and multinational accounts and handled accounts in the private and nonprofit sectors as well.
His responsibilities included shareholder class actions, stakeholder actions, and collective actions, including securities cases in foreign jurisdictions, derivative cases, mergers and acquisitions, and employment practices liability claims.
Prior to joining AIG, Hughes worked for 17 years as an attorney defending professional malpractice, medical malpractice, and general negligence cases.
“We are thrilled to have Kieran join our Executive Risk Advisors team. His extensive legal background and experience resolving executive lines claims will be a tremendous asset for us and our Executive Risk clients,” said David Sellars, co-leader of McGriff’s Executive Risk Advisors group. “A proven and creative problem solver, Kieran excels at getting to the heart of a matter quickly and then seeing it through to resolution.” &