Alleghany appoints Jacobs as new CFO and Sennott as CapSpecialty CEO

Alleghany Corporation has appointed Jack Sennott as chairman, chief executive officer and president of its wholly-owned subsidiary CapSpecialty, an underwriter of commercial property, casualty and surety insurance coverages.

Sennott succeeds former CEO Stephen Sills, who has retired but will retain a financial interest in CapSpecialty.

Sennott previously served as senior vice president and chief financial officer of Alleghany since 2013. Prior to that, he worked in several senior roles at Allied World Assurance Company, including chief corporate strategy officer, and chief operating officer.

The company has also appointed Kerry Jacobs as new senior vice president and chief financial officer of Alleghany, replacing Sennott. Jacobs previously served as Alleghany's vice president of finance and chief risk officer.

Weston Hicks, Alleghany's president and CEO, said: "Jack has been a key member of our executive team and has demonstrated business building skills far beyond those normally associated with the finance chief. He is the right executive to continue to build on the significant momentum already evident at CapSpecialty. I am also pleased that the depth and breadth of Alleghany's management team positioned us well to promote from within the organisation when naming his successor.

"Kerry has held critical roles with increasing responsibility during her five-year tenure at Alleghany. She is a proven leader with strong business acumen, and I look forward to working with her in her new role."

Hicks added: "I want to thank Stephen for his six years at CapSpecialty and wish him well in his retirement. With his long-shared history of working with Stephen and deep knowledge of CapSpecialty's business and culture, Jack was the ideal successor to Stephen."

Get all the latest re/insurance industry news with our daily newsletter -  sign up here.

More of today's news

Chubb pulls back from coal as Greenberg recognises 'reality of climate change'

Liberty Mutual’s Limestone Re heralds a return despite 'challenging ILS market'

Greenlight Re invests in travel insurance MGA Battleface

Miller expands energy facultative reinsurance unit with Skuld hire

Markel launches new cyber cover for businesses of all sizes