SKCG Group, an insurance and risk management advisory firm in the United States, has announced that it has hired insurance industry veteran Wayne C. Siebner to enhance its global hedge fund and private equity fund practice. Siebner will serve as Senior Vice President and Manager of Executive and Professional Liability and will focus on Directors and Officers and Errors and Omissions Insurance. Hedge funds and asset management firms purchase this risk management tool to protect themselves from costs stemming from SEC investigations and investor lawsuits.

“Wayne’s 32 years of industry experience complements SKCG’s long history of providing sophisticated advice on D&O and E&O Insurance products and services across a broad spectrum of public, private and not-for-profit commercial and financial service industry sectors,” said Thomas Kozera, CEO of SKCG Group.

“Asset managers tell us that their institutional investors want stronger, more comprehensive risk management controls in place and that having comprehensive E&O/D&O coverage is an essential part of those controls. The addition of Wayne’s experience and contacts will help us enhance this key segment of our business at a time where demand for this risk management tool is on the rise,” said Richard S. Canter, COO of SKCG Group.

Siebner most recently worked at Arthur J. Gallagher Risk Management Services, where he held a number of managerial and business development positions, the most recent being Area Executive Vice President for their financial products, corporate accounts and marketing units.