Cooper Gay Swett & Crawford (CGSC) has named Peter Gorman as interim chief executive officer of its North American subsidiary Cooper Gay Re following the departure of Ron Carlier.
Carlier was appointed CEO of Cooper Gay Re only six months ago.
Gorman has 22 years of reinsurance market experience and was previously executive vice president of Cooper Gay Re based in New York.
Shaun Hooper, president and CEO of CGSC North America, said the “core vision for the Cooper Gay Re business remains unchanged.”
Hooper became president and CEO of CGSC North America, with responsibility for the wholesale, broking and reinsurance operations, in February as part of a shakeup of U.S. management. Hooper replaced J. Neal Abernathy, CEO since 2006, who the company said left the business to pursue other opportunities.
The Hooper appointment and Abernathy departure came a month after the closing of a deal in which the New York private-equity firm Lightyear Capital took a controlling interest in the firm. The company said that deal would help it make acquisitions and position it for an eventual initial public offering (IPO).
Cooper Gay Re has offices in Atlanta, Miami, New York and San Francisco. Cooper Gay Re provides treaty and facultative reinsurance.
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