Andrew McGuire

Co-Chief Executive Officer at PEAK6 InsurTech
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Location
North Port-Sarasota Area

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Donald Soss

For those that work with Andy, the first thing that becomes apparent is his incredible intelligence. Andy brings a complete background from both the agency and company side to Product Management. Although new to HNW, he has rapidly come to understand this customer segment and created a homeowner pricing platform with a broad range of price points. He has also implemented significant discounts for customers who purchase other products with Fireman's Fund, carry large deductibles, or have solid financials and elaborate mitigation systems to prevent Fire, Water Damage and Burglary. I fell fortunate to work with someone of this high caliber!

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Experience

    • United States
    • Insurance
    • 1 - 100 Employee
    • Co-Chief Executive Officer
      • Oct 2021 - Present
    • United States
    • Financial Services
    • 300 - 400 Employee
    • Managing Director
      • Nov 2020 - Oct 2021
    • EVP NatGen Premier
      • Feb 2012 - Oct 2020

      I’m an industry professional with robust experience throughout all corners and aspects of the business. ══ PRINCIPLES ══ After being given the opportunity I took control of a $700M Home and Auto Personal Lines organization comprised of NYC home office and recently acquired entity in Boston where I built Product Management operations, and designed and implemented new HNW/Affluent products and the brand NatGen Premier. I returned business unit to profitability within two years using all operational levers available. In Chicago I specialized in Organizational Restructuring where I built a new Chicago Product Management Office creating over fifty positions for predictive modelers, actuaries, product analysts, IT specialists, and product managers. I also consolidated P&L accountability under the Product Manager to enable a holistic strategic approach to the market including underwriting, sales, service and claims while managing the Personal Lines office through significant change including an acquisition with little impact to staff and productivity. Taking a strategic initiative on profit and loss management, I built a management system to support teams, including pricing and sales measures by implementing a new multi-variate auto rating plan. I developed and implemented new by-peril multi-variate homeowners rating plan, and redefined risk appetite in the Northeast to fully leverage product portfolio, growing premium 10%. Championing a standardized product design and build process involving technical staff, I enabled the generation of products quicker in order to support aggressive geographic expansion across seventeen states by 2015. ══ SPECIALTIES ══ Operational | Leader | Product |Pricing and Analytics |Underwriting |Reinsurance | IT | Insurance | Pricing | Product Management | Property & Casualty Insurance | Risk Management | Analysis | Commercial Insurance | Competitive Analysis | Claims Management | Professional Liability Show less

    • United States
    • Insurance
    • 400 - 500 Employee
    • Vice President - Product Management
      • Feb 2009 - Feb 2012

      Management, leadership, delivery, and a focus on driving business value with actionable tactics and strategies. ══ PROCESS ══ I was thrilled at the opportunity to be promoted from Director to VP within a year to join a Global Product Management team, leading high-net-worth and affluent homeowners’ business line. I proudly managed 10-person product management team covering 39 states and achieved profitability in a down economy by increasing margin 9 percentage points on $500M homeowners’ book. I changed how CAT capacity was deployed by determining which accounts consumed utilized too much capacity relative to the premium charged and won Allianz Innovator of the Year for initiatives in price segmentation and competitive analysis. Using organizational leadership I staffed a Product Management group of over fifteen talented individuals across multiple states and established clearly defined underwriting protocol to keep high-net-worth and affluent homeowners products aligned across brokers and regions. I drove the initiative for a new collaborative process to build a 3-year financial plan for Personal Insurance division, modeling run rates and price changes based on elasticity impacting renewal and new-business premiums, and evaluated loss-leading segments in each state, against 35 rating elements, changing the underwriting guidelines and pricing to reflect actual risk in those markets. I believe we should build a corporate culture that is data centric, so as live feedback comes in you can change the offering to make it right for the consumers/distributors. That's when you’re able to invest more heavily in the in the offering to maximize the value, making it perform. ══ SPECIALTIES ══ Operational | Leader | Product |Pricing and Analytics |Underwriting |Reinsurance | IT | Insurance | Pricing | Product Management | Property & Casualty Insurance | Risk Management | Analysis | Commercial Insurance | Competitive Analysis | Claims Management | Professional Liability Show less

    • Switzerland
    • Insurance
    • 700 & Above Employee
    • AVP - Commercial Auto Product Management
      • Apr 2006 - Feb 2009

      Assistant Vice President, Auto LOB / Product Manager, Small Business Brought in analytical team to drive underwriting efforts for Small Business Auto, implementing national underwriting policy with well-defined pricing structure. Shifted to Middle/Commercial markets in 2008. - Won Silver Award for Commercial Auto classification model, increasing net premiums 10% - Co-launched BU focused on middle/commercial markets - Presented How to Use Predictive Modeling in Commercial Insurance at Global Motor Symposium ORGANIZATIONAL LEADERSHIP • Created the Auto line of the business product suite, including a tactical deployment of the Auto predictive model. Crafted Property underwriting guidelines, including accumulation management strategy. • Developed initial strategy to measure Customer Lifetime Value in middle/commercial markets. • Collaborated on telematics implementation in North America, identifying the classes of business with the largest benefits. Defined sales quality metrics by state, sales representative, and agency. • Identified market appetite for Package and Mono-Line Auto, which included business types and risk eligibility guidelines. Show less

    • Insurance
    • 1 - 100 Employee
    • Senior Product Consultant
      • Oct 2004 - Apr 2006
    • Agency Manager
      • Sep 1999 - Oct 2004
    • United States
    • Insurance
    • 700 & Above Employee
    • Territory Marketing Representative
      • Feb 1997 - Sep 1999

    • Claims Adjuster
      • Sep 1995 - Feb 1997

      Personal and Commercial Claims

Education

  • Wharton Online
    AI for Decision Making: Business Strategies and Applications, Artificial Intelligence
    2023 - 2024
  • University of Illinois at Urbana-Champaign
    BA, Economics
    1991 - 1995
  • Marist High School

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