Insurance moves: Builders Insurance, Pharmacists Mutual, Keystone, Patriot, MS Transverse, more

Keystone's new national brokerage leader brings Marsh and Baldwin Group placement experience to 180-plus agency partners - and a Cincinnati claims leadership change folds oversight under the chief legal officer, a structural shift worth watching

Insurance moves: Builders Insurance, Pharmacists Mutual, Keystone, Patriot, MS Transverse, more

Insurance News

By Josh Recamara

Senior leadership changes this week span board governance, claims succession, national brokerage strategy and specialty underwriting.

Builders Insurance elects board chair

Builders Insurance Group has elected David Jasmund (pictured, left) as chair of its board of directors, succeeding Charles "Charley" Potok, who retired after 13 years on the board, including the past three as chair.

Jasmund has served on the Builders board since 2009, chairing its audit committee and serving on its management development and compensation and corporate governance committees.

Jasmund is a founding partner of PCE Investment Bankers, advising middle-market business owners on M&A, ESOP and growth capital transactions. Before that, he co-founded a group of insurance businesses that grew from three employees into an organization employing more than 1,200 people and generating over $700 million in annual revenue. 

The board-level changes at a regional workers' compensation and construction specialist like Builders rarely change day-to-day trading relationships, but Jasmund's background is genuinely relevant to agents placing business with the carrier.

Having personally built an insurance organization to more than 1,200 employees and $700 million in revenue, he brings direct operator experience of the growth and capital pressures Builders itself is navigating, which can translate into board-level support for the kind of underwriting appetite and capacity decisions that matter most to brokers working the construction and workers' comp space in the Southeast.

Pharmacists Mutual names new claims chief in planned succession

Pharmacists Mutual Insurance Group has named Sharon Duez Shaw (pictured, center) vice president and head of claims, joining as part of a planned leadership transition from Peter Lambert, senior vice president, who will retire effective March 31, 2027.

Shaw joins from Vela Insurance, a W.R. Berkley company, where she was chief claims officer, having previously spent 14 years at AXIS Capital in roles including head of global claims strategy and shared services and head of North American claims.

Shaw and Lambert will work together over the next six months to ensure a smooth transition.

For agents placing pharmacy and allied healthcare professional liability business, claims handling quality is arguably the single biggest driver of client retention, since a pharmacist facing a professional liability claim needs both technical expertise and a carrier that understands the specific regulatory and clinical context of pharmacy practice.

Shaw's specialty claims background at AXIS and Vela, rather than a generalist P&C claims career, signals continuity in the kind of specialised claims handling that has been central to Pharmacists Mutual's value proposition, which matters directly to brokers whose clients chose this carrier specifically for that expertise over a broader commercial market alternative.

Keystone hires Baldwin Group executive as national brokerage leader

Keystone Agency Partners has appointed Kevin Meskell (pictured, right) as national brokerage leader, a newly created role focused on deepening carrier relationships and strengthening placement capabilities across Keystone's network of agencies and platform partners.

Meskell joins from The Baldwin Group, where he was national placement leader, having spent his earlier career at Marsh, most recently as US placement leader for Marsh Affinity, and before that as a reinsurance broker at Guy Carpenter.

The hire lands during a period of momentum for Keystone, operating across more than 33 states with over $500 million in revenue and 180-plus agency partners. Founded by Bain Capital in 2020, Keystone took on a majority investment from Warburg Pincus in 2025. 

Meskell's entire career, Guy Carpenter reinsurance broking, Marsh Affinity placement leadership, then Baldwin's national placement function, has been built around exactly the kind of large-scale carrier negotiation that determines what capacity and terms independent agencies inside a network like Keystone can actually access.

For the 180-plus agency partners operating under Keystone's umbrella, a strengthened central placement function means potentially better market access and negotiating leverage on complex or hard-to-place risks than any single agency could secure alone, which is the core value proposition of a national network in the first place.

Patriot Growth adds Risk Strategies founder to its board

Patriot Growth Insurance Services has appointed Michael Christian, founder and former chief executive of Risk Strategies, to its board of directors.

Christian founded Risk Strategies in 1997 and led it for 22 years, building it from a startup into one of the nation's leading specialty insurance brokerages, having started his career as a California underwriter before senior roles at Alexander & Alexander and Jardine Insurance Brokers.

The appointment continues a period of leadership change at Patriot, which named John Galaviz chief executive in March 2026 after he joined the firm in 2023 as chief financial officer and was promoted to president in 2025. 

Christian built Risk Strategies specifically around specialised expertise, collaboration and strong talent retention. Agency principals evaluating Patriot as an acquirer, or already inside its network, gain a board member who has personally navigated the exact tension every roll-up faces -- how to scale nationally through M&A without diluting the specialist capability and client relationships that made the acquired agencies valuable in the first place.

Cincinnati Financial names successor as longtime claims chief retires

Cincinnati Financial Corporation has announced that Marc Schambow, chief claims officer for its property casualty subsidiaries, will retire in January 2027, capping a nearly 40-year career with the company.

Schambow became chief claims officer in 2020, having previously served as the first claims manager for Cincinnati Specialty Underwriters Insurance Company from 2007 and led the field claims team from 2014, succeeding Martin Mullen in the top claims role.

Todd McMillan, most recently corporate senior vice president and head of liability claims at Safety National Casualty Corporation, will assume executive responsibility for Cincinnati's headquarters and field claims teams.

McMillan began his career in private practice and as staff counsel at GEICO before joining The Hartford in 2003. As part of the transition, executive oversight of claims operations will move to chief legal officer Thomas Hogan, bringing claims and legal functions under one leader. 

Cincinnati Financial has built its brand for decades around its independent agency relationships and consistently strong claims satisfaction scores, so any change at the top of claims leadership is something agents place real weight on. The structural detail here is the more significant one for brokers to note -- folding claims oversight under the chief legal officer, rather than keeping it as a fully standalone function, signals Cincinnati intends to tighten coordination on litigated claims specifically, which could mean faster, more consistent outcomes on disputed and complex claims that agents' clients are most anxious about, though it is also a structure worth watching to see whether it changes turnaround times on more routine claims.

MS Transverse adds three reinsurance and actuarial veterans to its board

MS Transverse has appointed Michael Angelina, Bryan Sanders and Kevin Traetow to its board of directors.

Angelina brings 40 years of actuarial and risk management experience, having served as chief risk officer and chief actuary of Endurance Specialty Holdings and spent more than 16 years at Tillinghast, alongside board roles at Coaction Specialty, Hagerty and RLI. Sanders brings more than four decades in specialty insurance leadership, most recently as chairman of US wholesale and specialty at Markel, and is a past president of the Wholesale & Specialty Insurance Association. Traetow retired from Aon in April 2026 after nearly 40 years in the industry, most recently as US vice chairman of Aon Reinsurance Solutions, having previously co-led Aon's US reinsurance business overseeing more than 900 colleagues.

The appointments continue a broader leadership evolution at MS Transverse, formerly Transverse Insurance Group before its 2023 sale to Mitsui Sumitomo Insurance, which saw Dave Paulsson become chief executive and John Fitzgerald promoted to president in 2024.

As a hybrid fronting carrier, MS Transverse's core business is providing paper and reinsurance structuring for MGAs and program administrators, so this board doesn't touch retail brokers directly, but it matters significantly to wholesale brokers and MGAs placing program business through the platform. Sanders' WSIA presidency and decades in wholesale specialty give the board direct insight into what MGA partners actually need from a fronting relationship, while Traetow's reinsurance placement background at Aon is directly relevant to how efficiently MS Transverse can structure the reinsurance capacity that ultimately determines how much program capacity is available to MGA partners in the first place.

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