Applied Underwriters’ United Risk Division hires Jay Cahill as CFO

United Risk Global, the international property and casualty insurance underwriting and distribution platform, and division of Applied Underwriters, has appointed Jay Cahill as Chief Financial Officer (CFO), effective May 1, 2024.

The appointment was announced by the firm’s Chief Executive Officer (CEO), Dan Malloy.

Malloy commented: “We are growing quite rapidly in our market sectors, calling upon a highly experienced financial leader in the role of CFO. Jay Cahill’s track record and directly relevant accomplishments commend him to us and to an industry segment in which he has become widely known and admired. We welcome him.”

Cahill, commented on his new role: “United Risk’s entrepreneurial engine, market savvy, and professional staff are remarkable. Its approach of offering its team a chance to participate meaningfully in transactions and to share in the outcomes has taken hold and effected business growth that is impressive, notably in the firm’s specialty reinsurance assumed portfolio that I hope to advance as CFO.”

A renowned veteran across the sector, Cahill has worked in reinsurance and finance for more than 25 years.

In particular, he has expertise in banking, private equity, venture investing, and reinsurance, as a risk analyst, underwriter, and investment professional.

He most recently served as Managing Director at Awbury from 2021 to 2024, where he was responsible for ceded reinsurance and third-party capital, specialty, professional lines and property retro underwriting and new business development.

Before he joined Awbury, Cahill served as Senior Vice President of Underwriting and Global Head of Credit and Financial Lines at Renaissance Reinsurance Ltd (RenRe).

In the earlier days of his career, he worked in private equity and investment banking at TA Associates, UBS Warburg Dillon Read, and Barclays Global Investors, now known as BlackRock.

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