CAC Specialty has formally launched its healthcare division and appointed J. Kevin Carnell as its executive chairman. CAC Specialty says the new division will enhance the senior living practice CAC Specialty launched earlier last year — the first installation of its bid to build a nationwide healthcare-specific risk advisory division. Based in New York, Carnell will be responsible for staffing and growing the division, as well as providing counsel on the implementation of alternative risk financing programmes, captive insurance company formation and reinsurance negotiation. Carnell has more than 30 years experience in the insurance industry. During his career, he has managed a variety of US hospital insurance programmes. He joins CAC Specialty from US insurance advisory firm RCM&D, where he most recently served as healthcare division director and chief legal officer for union risk advisors. CAC Specialty says Carnell is “recognised in the healthcare sector, helping clients navigate complex financial and operational risks through long-term risk financing vehicles.”
