Insurance Management

DANIEL P. TOWLE

*** **** **** ****, ******, CT **019

********@*******.***

http://www.linkedin.com/in/danieltowle

Home: 860-***-**** Home Office:

860-***-**** Cell: 860-***-****

SUMMARY

Senior financial, risk, business development and project management

professional with over 20 years experience in insurance, investments and

consulting; MBA from Dartmouth's Tuck School. Held senior corporate roles

at The Travelers, Executive Re/Chubb, and General Re. Greatest strengths

and deepest experience in:

Financial Planning & P&C - Personal & Commercial Enterprise Risk Management

Analysis

Statutory Financial Reinsurance Mergers & Acquisitions

Reporting

Analytical/Modeling Skills Health Insurance Regulatory Compliance

Corporate Finance Life and Annuities Treasury/Cash Management

Strategic Planning Investments SOX

Competitive Analysis Banking Internal Controls

EXPERIENCE

UHY ADVISORS NY, INC, New York, NY

2008 to 2009

Engagement Director, Enterprise Risk Advisory Services,

Insurance/Reinsurance: Sold and managed process improvement engagements

nationwide and across industry in enterprise risk management (ERM),

compliance, operational risk, governance, internal audit and finance with a

specialty in insurance/reinsurance.

. Led project management team of 5 to implement risk validation and

controls testing for a Model Audit Rule (SOX for insurers) engagement for

a large regional P&C Workers Comp carrier in Texas.

. Led governance, planning and implementation kickoff phase of major

compliance initiatives (Model Audit Rule and Solvency II) for U.S.

subsidiary of global European reinsurer.

. Project managed three engagements simultaneously - Cost Reduction,

Budget/Reporting Enhancement and Endowment Process Improvement - for an

elite higher education institution. Uncovered savings of $3.5 million or

8% of client's budget.

. Managed an Enterprise/Operational Risk and Business Continuity/Disaster

Recovery engagement for a services firm.

PARSON CONSULTING, Boston, MA

2007 to 2008

Engagement Director, Insurance Industry and Governance, Risk & Compliance

Practices: Managed process improvement engagements nationwide for

insurance, other financial services and broader industry in enterprise risk

management, operational risk, governance, compliance and finance.

. Designed and modeled an financial forecasting equity risk sensitivity

model for $50 billion life and asset management firm to stress test EPS

and statutory surplus under varying market conditions for internal,

regulatory and rating agency needs.

. Co-developed Insurance Industry and Governance & Risk strategies and

launched marketing and sales efforts that yielded a pipeline of over $16

million in forecasted consulting revenue.

. Managed and implemented a governance engagement for an elite higher

educational institution to optimize the financial planning and management

reporting functions to reduce costs and improve decision-making by the

Board of Trustees and President's leadership team.

PARKER ADVISORS, LLC, Canton, CT

2005 - 2007

President: Assist insurance and reinsurance companies with ERM and specific

risk management, financial and compliance needs.

. Re-engineered mergers and acquisitions related reporting and accounting

processes for $2 billion P&C insurance company by building Access data

warehouse to produce Statutory & GAAP and operating results of $1 billion

divesture

. Implemented variety of investment compliance and risk (investment,

financial and operational risk) projects for Chief Compliance Officer of

$130 billion investment division of multi-line insurer.

. Conducted a proprietary Enterprise Risk Assessment (including risk

analytics) for specialty manufacturer.

. Worked with risk assessment and audit firm (Control Solutions) to deepen

penetration in insurance/financial services on W2 basis.

ROBERT HALF MANAGEMENT RESOURCES, Hartford, CT

2004 - 2005

Account Executive: Consulted with CFO's, Treasurers and Chief Audit

Executives on project and interim staffing needs including risk management,

investment, financial and accounting with emphasis on insurance and

reinsurance industries.

THE KINGSON GROUP LIMITED, Baltimore, MD

2002 - 2004

Principal & Managing Director: Helped launch ERM start-up that targeted

performance enhancement and risk/compliance/investment solutions; Led

insurance and Northeast region practices.

. Completed comprehensive ERM, operational risk and financial review of

large disability insurer in order to construct a granular enterprise Cost

of Risk matrix. Conducted an ERM software review and selection process.

. Sold and implemented COSO ERM gap analysis for chief audit executive of a

global power generation company. Applied proprietary enterprise cost of

risk methodology and developed best practices benchmarking study to

achieve COSO ERM standard.

. Secured an exclusive arrangement with a top 10 U.S. bank to develop ERM

strategic plan for insurance brokerage division.

SS&C TECHNOLOGIES, Windsor, CT

2000 - 2002

Senior Business Development Executive: Hired to lead marketing and

distribution of investment software and outsourcing solutions to P&C and

L&H insurance sectors for financial services accounting and reporting

software company; Products sold included ERM and asset-liability management

tools.

GENERAL RE - NEW ENGLAND ASSET MANAGEMENT, Farmington, CT

1996 - 1999

Vice President, Business Development : Hired to start-up full time

sales and marketing function of investment services, ERM and

asset/liability consulting services to insurance (P&C and L&H), healthcare

and public entity markets for an investment subsidiary of global reinsurer;

Firm managed over $10 billion primarily in fixed income securities.

PARKER CAPITAL CONSULTANTS, Canton, CT

1994 - 1996

President: Created specialty financial services consulting firm that

developed and marketed innovative debt/equity/reinsurance hybrid solutions

across insurance, banking, investment and reinsurance industries.

SHAWMUT NATIONAL CORPORATION, Hartford, CT

1992 - 1994

Vice President, Insurance Industry Group: Structured corporate

finance/credit products and marketed treasury services to insurance

industry for $32 billion asset bank that merged with Fleet Bank. Sold

credit derivative products (swaps, caps, collars, etc).

EXECUTIVE RE, Simsbury, CT

1988 - 1992

Vice President & Treasurer: Managed all financial officer functions

including investments, banking, strategic planning, investor/rating agency

relations and financial reporting/taxes for $100 million asset D&O

liability reinsurance start-up that was sold to Chubb. .

TRAVELERS INSURANCE COMPANIES, Hartford, CT

1980 - 1983 and 1985 - 1988

Management development track with this multi-line insurer that merged with

St. Paul that generates over $20 billion in annual premiums:

Controller, Investment Group

Assistant Director, Head of College & MBA Recruiting

Assistant Director, Financial Planning & Analysis

Senior Underwriter

EDUCATION

AMOS TUCK SCHOOL - DARTMOUTH COLLEGE, Hanover, NH

Graduated 1985

MBA with Finance concentration

WILLIAMS COLLEGE, Williamstown, MA

Graduated 1980

BA, History with Russian/Eastern European concentration

PROFESSIONAL AND OUTSIDE AFFILIATIONS

University of Hartford, former Adjunct Professor of Insurance and Finance

Bentley College, Guest Lecturer, Enterprise Risk Management (ERM)

Global Association of Risk Professionals, Program Committee Member, CT

Chapter

Financial Executives Networking Group, Co-Chairman of Insurance Group

Institute of Internal Auditors, Speaker and Roundtable Chair of Southern

New England Chapter

Professional Risk Managers' Association International, Speaker and Member

Treasury Management Association, Earned Certified Cash Manager (CCM)

designation

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