Concert brings in Sweeney as chief credit officer

By Chris Munro

March 12 - (The Insurer) - Concert Group has added to its management team with the hire of Thomas Sweeney as chief credit officer.

In his new role, Sweeney will oversee all aspects of Concert’s credit risk, including for its admitted carrier Concert Insurance Company, its surplus lines insurer Concert Specialty Insurance Company and newly launched risk retention vehicle Harmony Re.

Sweeney brings more than 20 years of P&C finance and corporate development experience to Concert.

He will report to the company’s CEO John Hendrickson.

“Tom has played a key role over the last 12 months as we’ve worked to execute our plan for profitable, sustainable growth,” said Hendrickson.

“While every aspect of an insurance company’s operations must function at the highest level, demonstrating that credit is expertly managed is one of the hallmarks of a leading carrier,” the executive added.

Sweeney’s arrival comes after Concert announced in December that Scott Stosek had been promoted to finance director and Harmony Re CFO.

Concert was founded in 2021, with the hybrid fronting carrier initially backed by capital from individual founders including Strategic Risk Solutions CEO Brady Young, along with Century Equity Partners and WT Holdings.

To date, Concert’s book has predominantly been focused on medium- and long-tail lines of casualty business written on a surplus lines basis, although the company is now working to develop a portfolio of property risks.