William F Cole, ARM

Experience

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  AIG

  Jan 1977 - Jan 1990

  Regional Manager

  Underwrote, marketed and produced business for all National Union professional products such as D&O, EPL, ERISA, K&R, and Misc. E&O. As the Regional Manager I had extensive experience in hiring and training production underwriters in both the Chicago and Cleveland offices. As the Regional Manager I also had considerable opportunities to meet with insured's to assist retail and wholesale brokers in explaining coverage options and getting to better understand their client's respective business models. Transformed the Cleveland office from a branch office into a regional office-this included the consolidation of three states: Ohio, Michigan, and Kentucky. Established new wholesale and retail brokerage relationships and implemented new service standards and marketing plans that increased premiums and improved service levels. Show less

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  RSUI Group, Inc.

  Jan 1990 - Jan 1999

  Vice President

  Recruited to join RSUI to move a small book of D&O business from the New York office of Royal Insurance to their specialty operation in Atlanta, Georgia. Played an instrument role in retaining renewals and increasing premium production. Notably tackled a New York Department of Insurance complaint in which the company’s policy form was allegedly non-compliant with New York regulations; successfully concluded this complaint by conducting extensive research on insurance regulations, and prepared a thorough presentation to the Insurance Department justifying our efforts to be in compliance. As a result of these vigorous efforts, no penalties were assessed to the company even though there were some minor corrections needed in the forms to be 100% compliant. Show less

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  Lakeview Underwriting

  Dec 1999 - Dec 2001

  President

  Brought on to serve as the President and D&O underwriter. Hired and staffed an office of four. Coordinated and managed a 50-state policy filing process. Resolved and reactivated a reinsurance arrangement with Swiss Re that had been abandoned by Swiss Re due to the defection of a key former underwriter; established a 100% treaty with contingent commission built in with Swiss Re.

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  ERC Group

  Apr 2002 - Sept 2002

  Westport Insurance Company part of ERC

  Managed a 50/50 joint venture reinsurance arrangement that was being established with Arch Insurance Company. Monitored the accounts underwritten by Arch to ensure they fit the profile as outlined in the underwriting agreement. Formulated underwriting guidelines and established protocols for separately reinsuring accounts. Negotiated final joint venture agreements. The above mentioned efforts led to over $15M in GWP for ERC.; Brought on to serve as the President of a start up MGU writing primary and excess D&O for both public and private companies, Lawyers Professional Liability as well as Public Officials Liability and served as the lead D&O underwriter. Hired and staffed an office of four. Working with the LPL VP and Claims VP orchestrated and managed the marketing plan for the office that generated over 2,000 new D&O, LPL and Public Official submissions in the first year of operation from wholesalers across the US. This marketing effort resulted in the production of slightly more than $5M in GWP in year one broken down as follows. Close to $3M D&O, $1.9M LPL and the remainder Public Officials Liability. Coordinated and managed a 50-state policy filing process for all three products. Resolved and reactivated a reinsurance arrangement for all three product lines with Swiss Re that they had abandoned due to the defection of a key former underwriter. I established a 100% treaty with contingent commission built-in with Swiss Re. Show less

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  BCS Financial

  Sept 2002 - Sept 2008

  Vice President of Underwriting

  Headed the management and underwriting areas of a $35M (in premium) captive insurance program that focused on providing D&O, E&O, EPL, and various other insurance products. Updated and computerized the manual underwriting process that was previously utilized. Established verifiable pricing parameters that tracked exposure changes for each product in the portfolio. Ensured that proper underwriting controls were in place and instituted changes as requested by the reinsurers. Managed the underwriting of the Professional Liability Program for Blue Cross Blue Shield Plans. Negotiated reinsurance arrangements both domestically and worldwide. Show less

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  Marsh Vice President at FinPro

  Jun 2010 - now

  Team Leader

  Joined Marsh in June of 2010 as a FinPro placement broker. Promoted to South Team leader effective 4/1/2012. Responsible for a staff of five brokers in the placing of D&O/EPL/Crime/Fiduciary and K&R coverage's for the Southeast US region of Marsh.Promoted to Vice President April 1, 2013

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  Marsh & McLennan Companies

  Jun 2010 - now

  QSG Western Team Leader

  Placement and Advisory role for Management Liability Coverages