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Date Created: 12/22/15
FREDERICK R. PARCELLS, CPCU, ARM, ARe firstname.lastname@example.org Haslett, MI 48840 (312) 735-5384 UNDERWRITING / PRODUCT DEVELOPMENT / COMPLIANCE LEADER A successful property/casualty Underwriting Professional with twenty-plus years of diverse and increasingly responsible experience in both field and home office positions. Experience includes multi-program management, product management, product development, production multiline underwriting, compliance, actuarial ratemaking and pricing. A persistent self-starter, with strengths in the generation of profitable new business, development of positive producer relationships, creation of data management system specifications and drafting/revising of ISO/NCCI/proprietary industry-leading policy language for both admitted and non-admitted business. EXPERIENCE ILLINOIS CASUALTY COMPANY, Rock Island, IL 2009 - 2011 Program Manager Reported to C-level officer and oversaw product development [Workers Compensation, General Liability, Automobile Liability, Commercial Property, Umbrella Liability and Liquor Liability coverage forms, endorsements, rules and rates], product compliance, state filings, competitor analysis, introduction of market niche expansions, development and implementation of pricing relativities, creation of IDMS [data management system] specs and underwriter training. Made presentations to Executive Management, producer groups and at all-employee meetings Handled referrals from underwriters involving specialized coverage situations and manuscript policy language Reviewed regulatory, legislative and industry updates for potential impact and implement changes accordingly Identified and developed new coverages and corresponding pricing/pricing relativities Evaluated feasibility of expansion into new states, new classes of business and writing non-admitted business Supervised a program analyst [actuary] and an administrative assistant Active in local Toastmasters chapter MORGAN STANLEY, Riverwoods, IL 2008 - 2009 Financial Advisor Developed and executed structured financial plans enabling clients to accumulate, distribute, preserve, and transfer their wealth. APEX INSURANCE MANAGERS, Chicago, IL 2001 - 2008 Senior Underwriter Combined selective underwriting of surplus lines property, general liability and liquor liability coverages utilizing a profitable mix of rates, deductibles, SIR’s, exclusions, sublimits and policy warrants with persuasive ability to convert submissions into orders. Successfully managed a countrywide broker territory covering five time zones with a seven- year cumulative loss ratio below 45%. Responsible for individual account risk selection, inspection and financial statement review, market intelligence and competitor analysis involving manufacturing, contracting, wholesale, retail, service, habitational & hospitality classes Trained and supervised a junior underwriter and an underwriting assistant INTERSTATE INSURANCE GROUP, Chicago, IL 1997 - 2000 Senior Specialty Executive Underwriter Managed several of Interstate’s key liability programs with full accountability for program success – overseeing production, pricing, coverages, distribution and compliance; also screened, evaluated and developed potential program opportunities into new programs. Responsible for developing and implementing e-commerce products, data interface, rate/form development and filing, competitive strategy, underwriting referrals, program audits, agency appointments/terminations, due diligence, coding, and data mining Supervised $3.5 million in programs while achieving a 31% 3-year loss ratio and earning a positive ROE Placed facultative reinsurance as necessary Accountable for creation of and enhancements to risk purchasing groups CNA INSURANCE GROUP, Chicago, IL 1995 – 1997 Product Consultant Developed, maintained and revised coverage forms for a slot-rated BOP product, which involved teamwork and cooperation from the Legal, State Filing, Information Technology and Industry Segmentation departments. Successfully handled referral underwriting situations from field branch offices. Initiated and administered an informative monthly product-specific e-mail newsletter used by branch underwriters as a training tool. ALLSTATE/NORTHBROOK INSURANCE COS., Northbrook, IL, 1988 – 1995 Senior Underwriter (South Barrington, IL) Senior underwriter/trainer for an Allstate start-up operation that serviced rural independent agents countrywide. Enjoyed 70% annual premium growth in a four-state territory (vs. 30% overall department growth) Original eight-state territory reduced due to successful agency penetration and growth of book of business “Chairman’s Quality Award” winner “Business Insurance Marketing Hero” award recipient Senior Account Underwriter (Chicago, IL) Duties included successful growth and management of a $3.8 million multiline Loop territory involving WC, GL, Auto, Umbrella, Property and Inland Marine coverages. Lead line branch underwriter for workers compensation Frequently consulted by other underwriters, agents, premium auditors, and management “Chairman’s Quality Award” winner EDUCATION Indiana University, Bloomington, IN, Kelley School of Business - MBA Marketing/Finance University of Illinois Urbana-Champaign, IL - BA Finance PROFESSIONAL DESIGNATIONS Associate in Reinsurance Associate in Risk Management Chartered Property Casualty Underwriter ACCOMPLISHMENTS/ACTIVITIES Passed 15 CPCU, ARM and ARe exams in 15 attempts over only 4 years Current Member, Excess/Surplus/Specialty Lines Interest Group Committee, CPCU Society Past President, Chicago Chapter, CPCU Society Past Chairperson, Underwriting Interest Group Committee, CPCU Society Past Member, AICPCU Associate In Underwriting Advisory Committee Who’s Who In Finance and Industry --- Who’s Who In The Midwest Who’s Who In America --- Who’s Who In The World
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