Utilized Underwriters’ United Threat division names CFO

United Threat, a division of Utilized Underwriters, has appointed Jay Cahill as its new chief monetary officer, efficient Could 1, 2024.

The announcement was made by Dan Malloy, CEO of United Threat, who emphasised that Cahill’s appointment aligns with the corporate’s ongoing development and increasing enterprise operations. He described Cahill’s expertise and experience as an ideal match for his or her present trajectory in reinsurance, capital markets, and MGA transactions.

“We’re rising fairly quickly in our market sectors, calling upon a extremely skilled monetary chief within the position of CFO. Jay Cahill’s monitor file and straight related accomplishments commend him to us and to an trade section by which he has change into extensively recognized and admired. We welcome him,” Malloy acknowledged.

Key participant in insurance coverage panorama

Cahill joins United Threat after serving as managing director of underwriting for Awbury Insurance coverage Ltd., the place he performed a pivotal position in increasing reinsurance operations and bringing in over $3 billion in new reinsurance, based on a media launch.

With greater than 25 years of expertise in reinsurance and finance, Cahill brings experience in banking, personal fairness, enterprise investing, and reinsurance. Earlier than his position at Awbury, he served as SVP of underwriting and world head of credit score and monetary traces at Renaissance Reinsurance Ltd. (RenRe), the place he was instrumental in constructing “from scratch” one of many main unbiased mortgage reinsurance enterprise within the trade, it was acknowledged. He additionally managed specialty traces in Bermuda and oversaw all credit score and monetary traces globally.

Commenting on his new place, Cahill expressed his enthusiasm for the alternatives forward.

“United Threat’s entrepreneurial engine, market savvy, {and professional} employees are outstanding,” he stated. “Its method of providing its staff an opportunity to take part meaningfully in transactions and to share within the outcomes has taken maintain and effected enterprise development that’s spectacular, notably within the agency’s specialty reinsurance assumed portfolio that I hope to advance as CFO.”

Cahill started his profession in personal fairness and funding banking at TA Associates, UBS Warburg Dillon Learn, and Barclays World Buyers, now BlackRock. He holds a Grasp’s diploma in Monetary Engineering from the College of California, Berkeley, and a BA magna cum laude in Laptop Science from Boston School. He has additionally lectured at Columbia College on insurance coverage matters.

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