WILLIAM OWENS

**** ***** ***. ********, ** ****1 • 847-***-**** • ad4fes@r.postjobfree.com

Professional Summary

Senior level insurance specialist with over thirty years of progressively more responsible positions in the commercial insurance industry. An analytically strong individual with the ability to communicate effectively, develop and manage strong production source relationships, provide team leadership and develop and manage both direct and indirect reports into effective team members.

Skills

Team Leadership / Team Dynamics Manger

Effectively interface with all levels of the organization

Organization and Time Management

Adaptive professional able to meet changing demands

Thorough knowledge of reinsurance / insurance industry

Business Relationship Management

Excellent communication and networking skills

Successful special project manager

Work History

Farmers Insurance Barnett-Owens Agency September 2023 – Present

Insurance Agent

Produce WC, AL, GL, Umbrella and Property insurance business for small business in and around the Chicago area. Quoted and produced personal lines coverage for Auto, GL, Umbrella, and Property coverage for business in and around the Chicago area. Provide commercial insurance consulting for the agency owner.

CNA, Chicago, Illinois October 2022 – September 2023

Underwriting Consulting Director, Construction Umbrella and Excess Casualty

Commercial Umbrella and Excess Underwriter providing underwriting for construction accounts in a five-state territory. Underwrite and manage an $8.5M book of lead umbrella and excess coverage for construction business. Provide lead umbrella coverage over unsupported primary and excess over both supported and unsupported primary coverage. Underwrite lead umbrella coverage over supported risk management construction business. New business is anticipated to be $3 million in premium during 2023 and maintain 90% of the renewal book of business.

ALTERNATIVE RISK UNDERWRITING, Schaumburg, Illinois July 2021 – April 2022

Vice President of Underwriting

Provide group captive solutions to mid-sized companies. ARU works with brokers and their prospects to provide an alternative solution to traditional insurance placement. Our members become owners of a group captive enabling them to finance insurance risk in a unique way. Responsible for underwriting new members into five casualty group captive insurance companies to ensure they will be a fit from an underwriting perspective. Manage renewal process of 5 casualty captives.

Worked with management to develop a $5M primary umbrella program to cover the members of three of the captives. This will provide a needed solution for many of our captive members improving their ability to protect their company assets and reduce their overall cost of coverage. Develop a pricing model to project needed premiums for the umbrella on an individual risk basis and the overall captive.

OLD REPUBLIC GROUP, Chicago, Illinois July 2017 – May 2021

Senior Underwriting Manager, Old Republic Allied Management Company

Manage a team of casualty underwriters which analyzes and prices a risk management book of new and renewal Worker’s Compensation (50%), Automobile Liability (40%) and General Liability (10%) business for Old Republic Risk Management. Oversee all new and renewal quotes provided by the team ensuring adequate pricing with proper terms and conditions. The total book of risk-transfer business is worth $62 Million in annual premium (these premiums reflect large deductibles on all lines).

Initially hired to develop and manage a new treaty supported AL / GL risk transfer book of business previously placed in the facultative reinsurance market as well as underwrite and price Workers’ Compensation business. This included developing a liability pricing model, managing the book data and providing live presentations to nine treaty reinsurers. Manage both the Workers’ Compensation and Liability Treaties on an annual basis. Promoted to be the manager of the underwriting group responsible for Workers’ Compensation and Liability Risk Transfer Coverage in February 2018.

Develop team standards with respect to submission questions, meeting quote deadlines, proper file maintenance / documentation and adherence to company guidelines. Track all submission flow within the group and ensure proper adherence to long range goals for profitability, rate change and quote timeliness. Oversaw all training requirements presented to the individuals in the group to ensure understanding of loss rating models and their use. Work with the claims and accounting departments to develop large claim communications, update TPA audit information and persuaded management to obtain new loss data tracking system for the 36 TPA used by Old Republic Risk Management.

SWISS RE, Chicago, Illinois December 2003 – July 2017

Vice President, Casualty Facultative Underwriter

Accountable for underwriting, marketing and developing a book of facultative reinsurance within assigned underwriting territory. Underwriting territory includes Chicago, Detroit, Los Angeles, Minnesota, Nebraska and San Francisco. Majority of the Reinsurance business written with risk management and excess surplus casualty underwriting units of national and regional insurance carriers.

Wrote approximately 20% Workers' Compensation, 60% Auto Liability and 20% General Liability business annually. Developed a book of profitable business worth more than $10,000,000 in annual reinsurance premium since 2003 representing approximately 120 certificates with 40% in new business generated each year. The book consisted mainly of risk management business, public entity including abuse and molestation coverage, with professional liability for educators, public officials and provided EPLI coverage, also much of the business was coverage for umbrella, excess and excess and surplus covers over both admitted and non-admitted paper. Coverage was provided for alternative risks such as captives and pooled risks. We provided coverage both on an excess of loss basis and a pro rata basis. Met or exceeds production goals in all but one year with the exception being 2% below assigned goal. Produced in the top 3 of all casualty underwriters in the country on a consistent basis while maintaining underwriting integrity, pricing and coverage standards.

Led the Worker’s Compensation profitability team comprised of 4 senior underwriters and the head actuary to develop and understand the best process and structure to write profitable Worker’s Compensation reinsurance. The group presented a strategy to produce profitable Workers’ Compensation facultative reinsurance to the head of the Facultative Department. This strategy was adopted by the U.S. Facultative group to produce profitable results in this line of coverage.

Provided the opportunity to work in the London Treaty office of Swiss Re for the 4th quarter of 2013. Analyzed various treaty opportunities within the London territory with an eye towards bottom line profitability. Met with various C-Suite insurance executives to understand the specific customer's treaty needs, underwriting appetite and controls they have in place. Work with our London Actuarial team to develop and present very creative solutions to complex insurance needs.

Prior Experience

Account Executive – ROYAL & SUN ALLIANCE RISK MANAGEMENT, Chicago, IL (2003)

Underwriting Director – KEMPER NATIONAL INSURANCE GROUP, Chicago, IL (2002 - 2003)

Underwriting Account Manager - CNA MAJOR MARKETS, Chicago, IL (1999 – 2002)

Underwriting Consultant – KEMPER MIDDLE MARKETS, Chicago, IL (1997 – 1999)

Senior Underwriting Specialist /Team Leader – ZURICH AMERICAN INS. CO. (1995 – 1997)

Commercial Casualty Underwriting Specialist – KEMPER INS. BROKERAGE, Long Grove IL (1993-1995)

Supervising Underwriter – LIBERTY MUTUAL Including Property, Inland Marine, Workers’ Compensation, General Liability, Automobile Liability and Umbrella, Itasca, IL (1989 – 1993)

Senior Claims Adjuster – Workers’ Compensation, Automobile and General Liability for large commercial customers., Chicago, IL (1987 – 1989)

Education

Bachelor of Arts in Psychology: Concentration in Business

University of Illinois - Champaign, IL

Certifications

CPCU

Licenses

Illinois Producer License Fire & Casualty, 2182027, 10-13-2021, 08-31-2025

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