#United States #Chicago #Hub International #Tax Liability #Chris Tassone

HUB International Names Chris Tassone as Managing Director of Tax Liability Practice

In a strategic move to strengthen its insurance offerings, Hub International Holdings, Inc. has recently appointed Chris Tassone as the Managing Director of its tax liability insurance practice for North America. This appointment comes as the firm seeks to expand its tax insurance capabilities across the United States and Canada, addressing the rising demand for specialized insurance solutions in the realm of taxation.

Chris Tassone brings an impressive background to HUB, boasting over a decade of extensive experience in tax law and consulting with one of the Big Four accounting firms. His unique qualifications stem from his practical experience as a tax attorney alongside a well-rounded understanding of the insurance market, a combination that sets him apart in the field of tax liability.

Role and Responsibilities

As the new Managing Director, Tassone will collaborate closely with clients as well as their legal and accounting teams. His primary focus is to identify potential tax exposures and subsequently structure tailored insurance solutions that effectively transfer these risks to the insurance market. Reporting directly to Sumit Agarwal, the Managing Director and Head of Transactional Risk for North America, Tassone's insights and expertise will be invaluable in navigating complex tax-related issues confronted by clients.

Sumit Agarwal praised Tassone's appointment, expressing confidence in his ability to navigate intricate tax scenarios. Agarwal highlighted that Chris's vast technical knowledge in areas such as tax credits, mergers and acquisitions (MA) transactions, and renewable energy projects will be instrumental as HUB aims to enhance its Transactional Risk Practice, responding to the growing market need for addressing complex tax risks.

Enhancing Transactional Risk Practice

Tassone's recruitment underscores HUB's ongoing commitment to developing its Transactional Risk Practice, which is increasingly crucial as clients seek insurance resolutions that mitigate the impact of complex tax exposures in MA and other strategic business dealings. This focus aligns with the evolving landscape of tax legislation and the need for businesses to navigate these changes efficiently and effectively.

Prior to joining HUB, Tassone honed his skills at Taft, Stettinius & Hollister LLP, where he was a partner specializing in tax. In his previous role, he worked extensively with clients in navigating tax controversies, managing renewable energy tax credits, and advising on various strategic transactions. His experience also includes a significant position as a tax consultant in the Credits and Incentives group at Ernst & Young's National Tax Department.

Additionally, Craig currently holds a leadership position as the chair of the Ohio State Bar Association’s Taxation Committee, highlighting his commitment to the field and allowing him to remain at the forefront of tax legislation and practices.

Educational Background

Chris Tassone is academically well-equipped, holding a Juris Doctor (JD) degree from The Ohio State University Moritz College of Law, complemented by a Bachelor of Arts from the University of South Carolina. This solid educational foundation, coupled with his extensive professional experience, positions him as a pivotal player in HUB's endeavors to offer cutting-edge tax liability insurance services.

Conclusion

In conclusion, the appointment of Chris Tassone marks a significant step for Hub International as it seeks to bolster its tax liability insurance capabilities. His expertise, coupled with HUB’s commitment to providing tailored solutions for clients, promises to enhance the firm's position in the insurance landscape. As the demand for refined tax insurance grows, so does HUB’s determination to equip itself with the best professionals to meet the dynamic needs of its clientele in this complex field of risk management.