Newark, NJ (September 20, 2021) – Bill Cunningham, CEO of IAT Insurance Group, a leading provider of specialty property/casualty and surety products, announced the promotion of Coy Rudd to lead the insurer’s Excess & Surplus business unit as Executive Vice President, E&S. IAT’s E&S unit combines the company’s Excess, Binding and Brokerage products marketed through its wholesale insurance distribution partners.
Rudd previously served as Senior Vice President of Excess Casualty Mid-Market. “Coy oversaw the successful launch of our Excess Casualty Mid-Market unit and has grown that business substantially in the last four years,” said Cunningham. “With his expertise and understanding of the excess and surplus specialty market, aligning our excess, binding and brokerage products under Coy’s leadership will support the continued growth of the specialty business with our wholesale partners.”
IAT E&S is focused on middle and small market accounts in the binding, brokerage and excess casualty surplus lines space. The team collaborates with agents and wholesale broker clients to provide tailored solutions to meet customers’ needs.
Rudd joined IAT in November 2017 bringing 30 years of experience building and growing excess casualty business. Prior to joining IAT, he served as Regional Vice President, East at XL Catlin where he was responsible for the growth of the Excess & Surplus casualty business in the Eastern region for primary and excess casualty. Prior to XL Catlin, Rudd was Vice President, Excess Product Line Manager at Colony Specialty Insurance and his career has included positions at Axis U.S. Insurance, Investors Underwriting Managers and Reliance National Insurance Company, among others. Rudd received his bachelor of science (BS) in Economics from Montclair State University and a master of science (MS) in International Business, Management from Seton Hall University.
About IAT Insurance Group
IAT Insurance Group is a privately owned, specialty insurance company providing property/casualty and surety products for niche markets. IAT goes to market through seven business units – Commercial Transportation, Programs, Inland Marine, Excess & Surplus, Reinsurance, Surety and Management Liability. The IAT Insurance Group companies are rated A- Excellent by A.M. Best. Connect with IAT Insurance Group on LinkedIn and learn more about the company at iatinsurancegroup.com.