Vault

Carmilani named Vault CEO as Williamson steps down

Charles Williamson has stepped down from his role as chief executive of high net worth specialist reciprocal Vault and has been replaced by former Allied World CEO and current Vault executive chairman Scott Carmilani, The Insurer can reveal.

Vault’s E&S platform downgraded following sale announcement

AM Best has responded to the announced sale of Vault Holdings to a private equity consortium led by Cornell Capital by downgrading its E&S platform and placing its reciprocal exchange under review with developing implications.