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CapSpecialty, a wholly-owned subsidiary of Alleghany Corporation, announced that Jack Sennott is stepping down from his roles as CEO, president and chair, effective Aug. 31.

Alleghany has named Adam Sills, currently CapSpecialty’s head of Specialty Underwriting, as president and CEO.

“Over the course of the past 20 years, Jack held several important roles for Alleghany, including CFO of Darwin Professional Underwriters, CFO of Alleghany and most recently CEO of CapSpecialty. In each role, Jack made a meaningful difference and added significant value. I want to thank Jack for his leadership and many contributions and, in particular, his leading CapSpecialty’s transformation to a preferred specialty casualty and surety insurance provider for small and midsize businesses across the U.S.,” said Joe Brandon, president and CEO of Alleghany Corporation. “We wish Jack all the best in his future endeavors.”

“After being a part of Alleghany for most of the past 20 years, it is time for me to write a new chapter in my career,” said Sennott. “It has been my privilege to serve as CEO of CapSpecialty and in my prior roles for Alleghany. I am very proud of what we have accomplished at CapSpecialty, and I know the company will not skip a beat with Adam at the helm. I wish the team every success.”

Sills has served as CapSpecialty’s head of Specialty Underwriting since 2019, where he has been responsible for the production and profitability of the company’s underwriting operations for Professional Liability, Healthcare and Specialty Casualty, as well as Marketing and Distribution and Operations. He joined the company in 2013, after spending five years at Allied World and four years at Darwin Professional Underwriters. He started his career as a D&O underwriter for the Travelers.

Source: CapSpecialty