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10 October 2024news

Starwind Specialty creates new environmental unit

Starwind Specialty Insurance Services, a division of CRC Group, announces the launch of its new environmental unit, led by Mike Padula.

In this role, Padula will spearhead the development of a comprehensive suite of environmental products, ensuring Starwind stays at the forefront of emerging trends and continues to excel in the marketplace, the company said.

“With his extensive expertise in environmental risks, Padula will focus on delivering profitable underwriting results while supporting Starwind’s growth and innovation,” Starwind said in a statement.

An industry veteran with more than 25 years of experience, Padula has held diverse roles across environmental consulting, claims, and underwriting. Most recently, he served as the head of US environmental operations at a leading specialty insurance and reinsurance firm. His unique background, blending claims insight, technical consulting, and underwriting, equips him to craft tailored programs and products that will support Starwind's trading partners, the company added.

“Bringing Mike on board reinforces our commitment to building a strong foundation for Starwind’s future,” said Starwind Specialty president Brian Norman. “His proven success in specialty business and his depth of expertise will be critical as we drive innovation and strengthen our competitiveness in the environmental sector.”

Padula shared his enthusiasm for the role, stating, “I’m excited to join the Starwind team and contribute to their vision of delivering cutting-edge solutions. The focus on innovation and flexibility, combined with Starwind’s commitment to excellence, makes this an incredible opportunity.”

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