Two insurance companies have made important leadership changes this week to boost their growth and sharpen their skills in a competitive market.
CAC Group, known for brokerage and risk advisory services, has promoted Bruce Denson Jr. to chief strategy officer. Denson has been with CAC and its predecessor, Cobbs Allen, for over 20 years. He has played a key role in expanding the company’s reach and increasing revenue. Now, in his new role, he will focus on carrying out the company’s long-term growth plans. He will report to John Ludwig, the president and chief growth officer, and act as a bridge to connect talent and opportunities within the company.
Erin Lynch, CEO of CAC Group, highlighted that Denson has been a driving force in the company’s development and will help guide its future expansion. Denson said the company aims to speed up its strategy to create more value for clients, partners, and employees alike.
At the same time, Paragon Insurance Holdings, a managing general agency, has brought on Maheswaran Sudagar as its chief actuary. Sudagar comes to Paragon from Crum & Forster, where he was senior vice president and lead actuary. He brings over 20 years of experience in actuarial roles across multiple regions including North America, Europe, Australia, and Asia-Pacific.
Sudagar will oversee pricing, predictive analytics, portfolio management, and regulatory compliance for Paragon. He will also collaborate closely with underwriting, finance, product, and analytics teams. Paragon currently manages more than 25 active programs in property and casualty insurance. The company believes Sudagar’s expertise in advanced pricing and portfolio management will help it grow and better serve brokers, carriers, and reinsurers.
These appointments show how both firms are strengthening their leadership to improve their services and compete more effectively in the insurance market.