Manager Insurance

Location:

Posted:

July 02, 2010

THOMAS W. STEWART

*** *. ******* ***** ********* Heights IL 60004 847/804-4435 ************@*****.***

SKILLS SUMMARY

Workers’ Compensation insurance company executive with 25 years industry experience. Strong strategic

planner and business builder capable of organizing others toward completing objectives. Proven leadership skills

with a reputation for honesty and integrity. Specific expertise in risk management, underwriting, sales,

distribution and claim management.

EXPERIENCE

Diamond Insurance Company, Schaumburg, IL 1996 to 2009

President and Chief Executive Officer

• Formed Diamond Insurance Company and created the business model for a one-of-a-kind workers’

compensation insurer. Became the first regional carrier specializing in healthcare risks.

• Expanded the company from a one state operation to a 14 state platform diversifying underwriting risk.

• Lifetime written premiums over $300 million with peak annual written premium of $54 million.

• Member of the Board of Directors leading the Executive Committee and Reinsurance Committee. Planned

and led all company Board strategy meetings while maintaining responsibility for executing business plans.

• Developed the distribution system and sales strategies using independent agencies. Originated and

cemented close relationships with brokers that submitted an average of 1,000 accounts annually.

• Transformed the company from third party claim administration by building out an internal claim operation.

Led a liability reduction initiative that dropped open claims from 2,500 to 450 in 4 years saving more than $40

million in case and IBNR reserves.

• Created underwriting strategies successfully filing and using more than ten different pricing plans.

• Accomplished public speaker for a wide span of workers’ compensation issues. Presented to state trade

associations, insurance brokerage conferences and legislative planning groups.

• Transitioned the company to a virtual operating model with all employees operating at remote locations. First

year cost savings exceeded $500,000 while making the business more scalable and efficient.

• Led capital raising initiatives including private equity investment and full sale of the company. Received

letters of intent ranging from 1.5x to 2.0x book value.

EBI Companies, Lisle, IL 1989 to 1996

Branch Manager 1991-1996 Loss Control Manager 1989-1991

• P&L responsibility for a $30 million Branch with a diverse book of business.

• Consolidated two branches and integrated the people, business practices and agency plant.

• Actively involved with the management team, performing service reviews and audits of other branches.

Education

Insurance Institute of America – Associate Risk Management,

Northern Illinois University, B.S. in Safety and Health - DeKalb, Illinois