|[February 18, 2014]
IFG Companies Announces New Senior Vice President & Chief Risk Officer, Christopher M. Lewis
HARTFORD, Conn. --(Business Wire)--
IFG Companies has announced that Christopher M. Lewis has joined as
Senior Vice President and Chief Risk Officer ("CRO"). As CRO, Chris will
be responsible for developing and overseeing IFG's risk management
policies to ensure that IFG's insurance business risks, operational
risks and financial risks are appropriately monitored and controlled in
support of IFG's business goals. Additionally, as IFG prudently expands
its property underwritings, Chris will oversee catastrophe modeling and
accumulation management. In addition, Chris will be involved in
formulating strategic plans, evaluating the potential risks and rewards
of new business opportunities, and developing capital management
strategies, including those employing ceded reinsurance.
"At a time when IFG is poised to open new offices and is contemplating
entering new lines of business, it is appropriate to create the position
of CRO. We are particularly pleased that Chris will bring the right
experience, thoughtfulness, intellect and cautiousness for the CRO
role," said Bob Linton, Chairman of IFG Companies.
Chris joins IFG mostly recently from The Hartford Financial Services
Group, where he served as Senior Vice President and Enterprise Chief
Insurance Risk Officer. There, among other things, he quantified and
helped manage enterprise risk, managed the ceded reinsurance portfolio
and developed risk management processes for The Hartford. Chris also
oversaw the development of new economic (Solvency II) capital models,
assisted in regulatory public policy matters and supported the various
business segments. Prior to this, Chris was Senior Vice President,
Enterprise Capital Planning and Analysis, and Chief Risk Officer of the
Property & Csualty Operations of The Hartford. Chris began his career
with The Hartford as Vice President, P&C Capital Management, and
thereafter became the Chief Financial Officer for The Hartford's
Personal Lines and Small Business Segments.
Chris began his career as a Senior Economist in the Office of Management
and Budget ("OMB") for the White House, where he developed
option-pricing models for pension insurance and other fiscal areas,
served on task forces, drafted legislation for OMB, and drafted portions
of the President's Budget. Thereafter, he moved to the Office of Federal
Housing Enterprise Oversight as a Senior Financial Analyst. Following
government service, Chris served as a Risk Management Consultant with
Ernst & Young and later Global Head of Advisory Services for Fitch Risk
Chris holds a Bachelor of Arts degree in International Finance and a
Master in Arts degree in Economics from the University of Connecticut.
Chris also pursued post graduate study at Princeton University.
Founded in 1985, IFG Companies is one of the largest privately
held insurance groups in the United States. IFG provides
property-casualty insurance on both an Excess and Surplus Lines
(non-admitted) basis and an admitted basis.
Coverages are underwritten by IFG's affiliated insurers: The
Burlington Insurance Company, First Financial Insurance Company,
Alamance Insurance Company and Guilford Insurance Company.
All hold an A (Excellent) IX rating from A. M. Best Company.
IFG has five principal business units: Brokerage, Binding
Authority, Submit, Property and the newly formed Professional Lines:
Brokerage: underwrites general liability insurance for
businesses of all sizes on a transactional basis including for
distributors, importers, manufacturers, wholesalers, habitational,
vacant buildings, retail and service-related industries.
Binding Authority: offers coverage for an extensive, yet
focused list of classes of business written exclusively through
Submit: underwrites referral business on a transactional basis
primarily from IFG's Binding Authority unit and from
individually submitted accounts for general liability, property,
inland marine and package products coverages for small to medium-sized
businesses (e.g., artisan contractors, distributors, importers,
wholesalers, manufacturers, office/habitational risks and
Property: underwrites property insurance for small to large
businesses such as the amusement, recreational, education, financial,
government sectors, habitational, health, office/professional,
mercantile/retail, trade/services and vacant buildings.
Professional: plans to offer a full suite of Management (D&O)
and Professional (E&O) Liability products for small to mid-sized
businesses, to be available later in 2014.
Because we're committed to get the job done by providing you with:
• The products you need,
• The service you require,
• The quality you expect, and
• The professionalism you deserve.
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