Ambac to launch Tara Hill

Insurance holding company Ambac Financial Group is partnering with Peter McKeegan to launch Tara Hill Insurance Services, a program administrator specializing in Management and Professional Liability. Tara Hill will be part of Cirrata Group, Ambac’s insurance distribution division. McKeegan will serve as Tara Hill’s chief executive officer.

Tara Hill will develop an Excess & Surplus portfolio with a focus on private Management Liability and Miscellaneous Professional Liability coverages for small to medium sized risks. Tara Hill provides E&S products distributed exclusively through wholesale brokers.

Prior to forming Tara Hill, McKeegan held leadership roles at Hallmark Financial, Ironshore, American Safety, Arch Insurance, and AIG in addition to starting new programs at ANV Global Services and Axcelera Specialty Risk.

“Peter McKeegan has a stellar reputation and a top-notch track record in this space. We are excited to support him and to leverage Cirrata’s infrastructure and expertise as he builds Tara Hill into a specialty program administrator.” – Naveen Anand, president of Cirrata Group.

“Tara Hill is the culmination of decades of underwriting experience. I am thrilled to partner with Ambac’s Cirrata Group on this endeavor and thankful to be able to work with their experienced team to bring this highly customized product to market. The combination of Cirrata Group and the Tara Hill team provides us with strong momentum right out of the gate.” – Peter McKeegan.