Concord Specialty Risk hires exec for R&W insurance practice

Concord Specialty Risk, a transactional risk insurance and loss mitigation specialist which is a part of Ryan Specialty Group's RSG Underwriting Managers, has appointed James Grayer as executive vice president of representations and warranty (R&W) insurance, based in New York.

Grayer had resigned as a partner at Kramer Levin Naftalis & Frankel. He has over 25 years of experience as a mergers and acquisitions attorney.

"Because of the growth that reps and warranties insurance is experiencing, combined with the subtle shifts in M&A negotiations, due diligence reporting, and policy terms, we sought the best legal talent available," said David De Berry, CEO of Concord Specialty Risk. "We partnered with Greenwich Executive Group, a top recruiter for this niche industry, and found precisely the right candidate."

Kenneth De Berry, president of Concord Specialty Risk, added: "James' insurance experience, stellar reputation, and knowledge of a broad array of industries including health care, medical devices, education technology, branded consumer products, apparel manufacturers, etc., will bolster our ability to service our insureds and their counselors."

Grayer said: "Concord is well positioned in a niche industry that is likely to see growth in Reps & Warranty Insurance with expansion into other products that facilitate mergers and acquisitions.

"I am excited to be working with the best and the brightest, and together we will strive to capture this anticipated growth and expansion. I’m thrilled to be joining the outstanding team at Concord."

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