CGSC North America Nabs 3 Senior Executives

February 23, 2015

Wholesale broker CGSC North America has made three senior appointments in its business development, partnerships and marketing operations. All three will report to Tom Ruggieri, who last October became CEO of CGSC North America, which is part of Cooper Gay Swett & Crawford.

William K. (Wim) Ludington joins as executive vice president for Carrier Management and Alternative Markets. He will provide carriers with one point of contact for strategic partnership opportunities related to the $2.5 billion in premium sourced by CGSC from retail brokers in North America.

In addition to supporting more than 20 managing general agents, underwriters and programs that are available to wholesale brokers and underwriting managers, Ludington will develop partnerships and new business opportunities by accessing alternative sources of insurance capital via structured products such as catastrophe bonds and insurance linked securities.

He joins from Canaccord Genuity Inc. where he was head of the U.S. Structured Products sales team and has held positions at Marsh, JPMorgan, UBS, and CapRok Capital.

Mason Power joins as chief marketing officer (CMO), responsible for marketing infrastructure and tactics and building further brand awareness of CGSC’s products and services.

Power was previously CMO at Agencyport, ran global sales, marketing and customer relationship management for Advisen and was a board director at Web Connectivity. In his new role he will help modernize the company’s software and its use of data and analytics.

Having started his career at Bloomberg LP, Power worked in publishing for and most recently served as CMO of private equity software provider iLEVEL which is backed by The Blackstone Group and The Carlyle Group.

Mark Smith joins as senior advisor to both Tom Ruggieri, CGSC North America’s CEO, and to the company’s Executive Management Committee. Smith will focus on developing new markets and strengthening the company’s existing capabilities across over a dozen product and industry-specific practice areas.

Prior to joining CGSC North America, Smith was managing director and a member of the Executive Committee for RT Specialty. He began his career as a casualty underwriter for Facultative Group and has held positions as president of AmWINS Brokerage and president and CEO of Stewart Smith Group.


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