Surety Executive with extensive experience in all segments of bond claims, bond underwriting, and operations. Successfully resolved all manner of bond claims including large contract surety claims in all areas of the country through negotiation and litigation. Lead start up contract surety department overseeing all claims and underwriting activities including the development of an agency network and negotiating reinsurance support. Additional experience in insurance company financial operations and property and casualty insurance underwriting.
Forcon International / Construction Management International, LLC, Avon, Ct - Consultant and shareholder of this national consulting and outsource services provider to the Surety, Insurance, Construction, Real Estate Development, and Building Product industries. Oversaw expansion into new construction management services and founded designated division. Managed surety claims on and outsource basis as well as offer direct consultative services to insurers, reinsurers, and business enterprises on issues related to contractor financial crisis and construction project management. Serve as project manager for various engagements directing the efforts of engineers, attorneys, and accountants in connection with surety large losses.
Creative Risk/ Frontier Insurance Group, Windsor, CT - Vice President and Chief Financial Officer, Windsor, CT - Co- founded this $104,000,000 division, which developed and managed multi-line specialty insurance programs marketed through General Agents. Senior manager of division with primary responsibility for all financial operations, financial and statutory reporting, strategic planning, product pricing, technology deployment, and e- commerce. Enabled division to exceed premium sales goals by an average of 40% in each year of operation while reducing its expense load by over 15%. Most profitable division enterprise wide in each year of operation. Selected by Frontier Board of Directors to corporate-wide 25 member Management Council.
Orion Specialty/Orion Capital Company, Farmington, CT - Assistant Vice President and Account Manager - Formed and managed a multi-disciplinary, team-based, Profit Center designed to serve the insurance and surety needs of emerging building contractors. Lead the development of a network of general agents, generating $17,000,000 in gross written property, liability, and surety premium in first 18 months with a fully developed combined ratio of 91.2%, exceeding growth and profitability targets by 35%. Successfully managed the run off of a prior contract surety program underwritten by the company exceeding expectations for cost containment. Duties later expanded to include management responsibility for three additional profit center teams managing multi -line insurance programs with combined written premiums exceeding $58,000,000. 4 total direct reports with overall reasonability for 17 staff professionals. Served as a Business Leader for the selection, development, and implementation of new, automated insurance Policy Management System to be used company-wide. Selected for Orion Corporate Executive Development Program in 1997.
Aetna Casualty And Surety Company, Hartford, CT - Senior Consultant - Managed interdisciplinary team assigned to very large and complex contract surety losses. Received highest rating during all performance reviews. Successfully resolved the second largest contractor default in company history reducing the reserved loss from $410MM to under $200MM. Designated as Business Project Manager for design, development, and implementation of PC-based Bond Claims Adjuster Workstation.
Continental Guaranty And Credit/ Continental Insurance Company, Farmington, CT - Surety Claim Manager - Responsible for the management and resolution of contract surety claims. Maintained control over consistently largest claim volume within the department and managed and trained staff of three professionals. Received highest possible rating on each annual performance review. Selected to attend the Corporate Executive Development Program 1995.
The Travelers Insurance Companies, Hartford, CT
Surety Account Executive Directed the claims activity of 7 regional offices handling smaller claims upon contract and miscellaneous bonds while directly pursuing the resolution of larger bond claims.
Senior Financial Analyst Assigned responsibility for the reconciliation and collection of National Accounts property casualty insurance premiums through negotiation or litigation.
"Issues and Practical Considerations in using Subcontractor Ratification Agreements", Seminar and companion materials, Northeast Surety and Fidelity Conference, Atlantic City, NJ. 2006
"Their Surety and Your Surety", Seminar and companion materials, "Coverings" international trade show for Floor and Tile Industries, Orlando, FL. 2005
"Why Contractors Fail and What Can Be Done About it", Lecture and companion material, Southern Surety and Fidelity Conference, New Orleans, LA. 2003
"The Surety in Default", The Construction Accountant, May 1995
"Construction Surety Bonds In Connecticut", Seminar and companion materials intended for attorneys, engineers, subcontractors, and related specialties. Eligible for continuing education credit from both the A.B.A. and A.I.A. Cromwell, CT., January 1995 and January 1996
"Construction Claim Management", Seminar and Companion materials intended for General and Specialty Trade Contractors. Minneapolis, MN, February 1994