Richard Edsall Joins Tara Hill as Senior Vice President

Rhea-AI Summary

Tara Hill Insurance Services, a program administrator under Ambac Financial Group (NYSE: AMBC), has appointed Richard Edsall as Senior Vice President. Edsall, formerly with Argo Pro, will manage Tara Hill's new excess & surplus (E&S) portfolio, which targets private management liability and professional liability for small to mid-sized risks. Tara Hill CEO Peter McKeegan highlighted Edsall's strong underwriting background and strategic skills. Additionally, Brian McKeegan joins as a Senior Underwriter from Berkley Professional Liability.

Positive

• Richard Edsall's appointment as Senior Vice President, bringing expertise from Argo Pro, Chubb, Axcelera Specialty, and AIG.
• Launch of new E&S portfolio targeting private management liability and professional liability for small to mid-sized risks.

Negative

• None.

Brian McKeegan named senior underwriter of the newly launched E&S program administrator

NEW YORK--(BUSINESS WIRE)-- Tara Hill Insurance Services (“Tara Hill”), a program administrator owned by Ambac Financial Group, Inc. (NYSE: AMBC), today announced that industry veteran Richard Edsall has joined its team as senior vice president. Edsall, who most recently was senior vice president of commercial management liability at Argo Pro, will be responsible for developing an excess & surplus (E&S) portfolio focused on private management liability and miscellaneous professional liability coverages for small to medium sized risks.

Richard Edsall has been named senior vice president of Ambac-owned Tara Hill Insurance Services. (Photo: Business Wire)

“Rich is an exceptional underwriter who has built profitable books of business across the commercial and financial institutions spaces,” Tara Hill Chief Executive Officer Peter McKeegan said. “He is well known and well respected for his strategic and technical skills. He is an outstanding addition to our team.”

Prior to Argo, Edsall was senior vice president at Chubb, where he managed worldwide directors & officers products for financial institutions. He also previously held senior positions at Axcelera Specialty and AIG.

“I am very excited to be joining Tara Hill and look forward to working with Pete McKeegan and (Cirrata Group President) Naveen Anand in building a best-in-class management liability insurance program,” Edsall said.

Additionally, Tara Hill has named Brian McKeegan as a senior underwriter. He joins from Berkley Professional Liability, where he spent four years as an underwriter. Prior to Berkley Pro, he spent three years as an attorney with Genova Burns.

Tara Hill is part of Ambac’s growing distribution division, Cirrata Group. Its products are distributed exclusively through wholesale brokers, with capacity and claims handling oversight provided by SiriusPoint.

About Tara Hill

Tara Hill Insurance Services, LLC was formed in 2023 by Peter McKeegan with the backing of Cirrata Group, the insurance distribution division of Ambac Financial Group, Inc. (NYSE: AMBC). Tara Hill’s underwriters bring decades of experience underwriting Directors & Officers, Employment Practices Liability, Fiduciary Liability, and Miscellaneous Professional Liability insurance for private insureds. For more information, please visit www.tarahillpro.com

About Ambac

Ambac Financial Group, Inc. (“Ambac”) is an insurance holding company headquartered in New York City. Ambac’s core business is a growing specialty P&C distribution and underwriting platform. Ambac’s common stock trades on the New York Stock Exchange under the symbol “AMBC”. For more information, please visit www.ambac.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240711714906/en/

Investors:

Charles Sebaski

Managing Director, Investor Relations

csebaski@ambac.com



Media:

Kate Smith

Director, Corporate Communications

ksmith@ambac.com

Source: Ambac Financial Group, Inc.

FAQ

Who was recently appointed as Senior Vice President at Tara Hill Insurance Services?

Richard Edsall was recently appointed as Senior Vice President at Tara Hill Insurance Services.

What new role does Brian McKeegan hold at Tara Hill Insurance Services as of the latest announcement?

Brian McKeegan has been named Senior Underwriter at Tara Hill Insurance Services.

What is the new portfolio focus for Tara Hill Insurance Services under Richard Edsall's leadership?

The new portfolio will focus on excess & surplus (E&S) coverages for private management liability and miscellaneous professional liability for small to mid-sized risks.

Which AMBC subsidiary announced new senior appointments recently?

Tara Hill Insurance Services, a subsidiary of Ambac Financial Group (NYSE: AMBC), announced new senior appointments.

What was Richard Edsall's previous role before joining Tara Hill Insurance Services?

Richard Edsall was the Senior Vice President of Commercial Management Liability at Argo Pro before joining Tara Hill Insurance Services.