Atlanta-based Beecher Carlson Holdings Inc. has formed a Executive Liability Practice at its New York office anchored by Steven Anderson, Jack Flug, John Kerns, Jeff Lattmann and Hank Whiting, all former Marsh executives. They join another former Marsh colleague, Jane Hamilton, to expand Beecher Carlson’s lines of management liability products.
Anderson, an attorney highly experienced in negotiating difficult claim situations and placement strategies, will lead the Executive Liability Practice.
Flug, also an attorney with extensive claims experience, will provide product innovation, claims advocacy support and quality assurance.
Kerns will direct the development of risk modeling tools that enable clients to make more informed decisions about financing directors and officers risk.
Lattmann will support clients in developing unique strategies for best differentiating themselves with insurance underwriters.
Whiting will focus primarily on client development, marketing and placement strategies.
“The addition of this group clearly displays Beecher Carlson’s commitment to garner the finest talent in the industry,” Tom Golub, Beecher Carlson president and CEO said. “Their track record is unmatched in this specialized arena. We are excited to have them on our team and both our current and future clients will benefit greatly from their expertise and approach.”
The team – which brings more than 120 years of combined experience – will create and develop advisory and transactional services for preventing, mitigating and financing directors and officers’ liability and related governance risks. These professionals are also experienced in fiduciary liability, employment practices liability and crime-related coverages.
At Marsh, this group was largely responsible for leading the U.S. operations for these specialized liability coverages. Their client base included over 50 percent of the Fortune 100 and more than 25 percent of the Fortune 1000. The team worked extensively with leading companies in the energy, financial institutions, pharmaceutical, retail, technology and telecommunications industries. Each team member has resolved complex coverage matters in situations where financial restatements and corporate governance concerns caused insurance underwriters to consider rescinding or denying coverage for significant claims.
“In looking at alternatives, Beecher Carlson provided the best platform for our team to participate in culture creation while driving a complete commitment to client focused activities,” Steven Anderson, Beecher Carlson executive managing director explained. “It was apparent that Beecher Carlson’s leadership is dedicated to the highest level of speed and service commitment while operating in a flat, non-bureaucratic structure. This was an attraction that we couldn’t pass on.”
The mission of Beecher Carlson’s Executive Liability Practice is to partner with clients in developing advanced risk modeling capabilities to prevent or minimize the impact of directors and officers and other management-related claims on shareholder value, employee satisfaction and long-term growth, while at the same time attracting and maintaining quality independent directors.
The addition of this group provides Beecher Carlson with complementary talents of claims expertise, sales and marketing, broking and financial modeling capabilities central to the placement and performance of directors and officers liability and other management liability products. The Executive Liability Practice will develop a technology platform that enables clients to benefit from real-time and fully transparent access to their program development. It is Beecher Carlson’s commitment that senior leadership within the organization will have direct interaction with accountability for its clients.
Beecher Carlson Holdings, Inc., is a global insurance firm offering insurance brokerage, management liability, captive management and risk management consulting services to its clients. A privately held company headquartered in Atlanta, Beecher Carlson also maintains operations in Burlington, Vt.; Denver; Honolulu; Los Angeles; Nashville; New York; Princeton, N.J.; The Cayman Islands, and Hamilton, Bermuda.
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