Additionally, Douglas Worman has been named CEO of Alterra U.S. Insurance, adding to his current duties as CEO of Alterra USA, a branch of Alterra’s U.S. Insurance operations. Bryan Sanders, former COO of Alterra Specialty, has been promoted to replace Vaccaro as CEO of Alterra Specialty, another branch of Alterra U.S. Insurance.
“As we continue to grow our complementary U.S. wholesale and retail insurance divisions, it is important that we develop a senior management structure to optimize the value of those operations to our group,” said W. Marston Becker, president and CEO of Alterra.
Vaccaro has 40-plus years of experience in the commercial insurance marketplace, with more than 20 years in the excess and surplus lines segment of the business. This includes senior leadership positions with American Wholesale Insurance Group’s Specialty Underwriting Division, Markel Corporation, Essex Insurance Company, as well as positions at Chubb and Son, AIG and Home Insurance Company, according to Alterra.
Worman has nearly 20 years of U.S. insurance industry experience, holding various positions at AIG, including his role as president and CEO of AIG’s Excess Casualty Group in 2008. Sanders, meanwhile, brings 30-plus years of experience in the insurance industry, specifically as an underwriter at several independent insurance agencies.