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.
“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.
