Former Tower Group Exec Joins Capacity Coverage Co. of New Jersey

Capacity Holdings Group and Capacity Coverage Company of New Jersey Inc., a N.J.-based retail and wholesale insurance brokerage, hired Gary Maier as senior executive vice president.

In his new role, Maier will concentrate on external and internal strategic initiatives that drive growth and profitability. His responsibilities include identifying new customer and market segments, developing new business opportunities through strategic business alliances and joint ventures, and collaborating with the other senior executives at Capacity to enhance the firm’s strategic and operational planning and execution processes.

Maier has over 25 years of experience in underwriting, marketing, distribution, products, acquisitions and corporate development. Before joining Capacity Group, he served from June 2005 to September 2013 as executive vice president of Tower Group Inc. in New York. He served in a variety of positions at Tower, including chief underwriting officer, and for the past several years he managed U.S. marketing and distribution and corporate development.

Prior to Tower Group, Maier served as senior vice president and chief underwriting officer of OneBeacon Insurance Group in New York. In his role at OneBeacon Insurance Group, Maier managed their largest territory which was the New York and New Jersey regions. Maier also previously served in key executive positions at Chubb Insurance Group, including most notably as senior vice president and chief underwriting officer of Chubb Insurance Group’s National Brokerage Commercial Customer Group Business, and as chief underwriting officer of the commercial lines for the Mid-Atlantic region.

Based in Mahwah, N.J., Capacity Holdings Group is ranked among the 50 largest brokerages nationwide.

Topics New York New Jersey