Last week, EFG Companies announced a new addition to its executive team as part of the company’s focus on wealth creation and business expansion for its clients.

Now part of EFG is Chad Chaffin, who will serve as vice president of risk and reinsurance.

According to a news release, Chaffin brings more than 20 years of experience in underwriting, production, risk management and product development to his role. He will be responsible for all reinsured client underwriting positions and risk exposure.

Chaffin recently served as vice president of P&C underwriting with BCS Financial Corp. where he developed a cyber and privacy liability program for Blue Cross and Blue Shield companies.

“I am excited to join the team at EFG Companies and serve at the forefront of an unprecedented level of change in the retail automotive industry,” Chaffin said in the news release. “My number one goal as vice president of risk and reinsurance is to apply my insight and experience to further enhance EFG’s wealth building services for its clients.”

Chaffin previously served at Beazley USA, Chubb Corp., American International Group (AIG) and Allstate, as well as the co-creator of a proprietary method of online insurance sales for FindInsuranceServices.com.

He is a registered professional liability underwriter (RPLU) and is a chartered mutual fund counselor (CMFC).

“At EFG, we recognize that our people make the difference when it comes to delivering on our promise to provide clients with the best possible resources, innovation, and client engagement,” said John Pappanastos, president and chief executive officer of EFG.

“That’s why we significantly invest in finding and developing our talent. Chad’s critical skills and experience will be well utilized in our ongoing efforts to expand our clients’ business and meet their financial goals,” Pappanastos went on to say.