Russell Wright

Director at ASSETSURE LIMITED
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Experience

    • United Kingdom
    • Insurance
    • Director
      • Jan 2017 - Present

      Internet marketing Lloyds Coverholder. Specialising in Cycle Insurance, Art and Jewellery Insurance. Internet marketing Lloyds Coverholder. Specialising in Cycle Insurance, Art and Jewellery Insurance.

    • Director
      • Jan 2008 - Present
    • Germany
    • Insurance
    • 700 & Above Employee
    • Head of Global Run-Off
      • Jan 2007 - Jan 2008

      A role created to identify and quantify all business within the company that was ‘discontinued’. To create a business plan that would facilitate the release of capital trapped in these operations and build a ‘run off’ organization with clear goals and delivery milestones providing transparency and accountability. · All ‘discontinued operations’ financial information was extracted and migrated to a single profit & loss and balance sheet. · Created a business plan which identified a potential reduction in claims, reinsurance liabilities and administration costs to the group of some €300m over a four year period on total liabilities and assets of some €7bn. · A cross-functional Reserve Risk Unit was created with clear accountabilities and objectives. Show less

    • CIO
      • Dec 2005 - 2006

      Management responsibility for the strategy, coordination, communication and control of all information technology activities, working with center and regional management to agree and implement IT initiatives that integrated, supported and improved business operations in each country, targeting optimum efficiency, effectiveness, and cost avoidance/reduction. · Planned, communicated and executed the integration of systems within Munich and London producing a P & L statement and balance sheet for the new organization.· Implemented a Sarbanes Oxley compliant environment using a modular approach, which facilitated a common and consistent method of operation across Europe and the US, increasing the transparency of the business as well as reducing audit costs.· Part of a management team that created a subsidiary Managing Agency for Aviation business in the USA. This unit took four months to implement and was producing $100m of revenues by July 2007. Show less

    • Managing Director IT&Operations
      • Jun 2002 - Dec 2005

      Management board member tasked with creating Allianz Marine & Aviation from many other operating group entities, and implementing global systems and processes geared to improving efficiency and effectiveness, making the division underwriter of choice within its chosen market.· Aviation and Marine business became a transparent and fully managed entity within the group by 2003. · A multi language/regulatory/currency system was implemented across all domains within budget and time, which greatly improved the Companies efficiency and the product lines transparency enabling better decision-making.· Created a B2B system enabling broker ownership of small accounts from rating through to policy documentation. New business and retention rates increased with a reduction in cost and no adverse effect on a healthy loss ratio. Later nominated for an Industry award.· Show less

    • United Kingdom
    • Primary and Secondary Education
    • General IT Manager Executive Director
      • Feb 1993 - Jun 2002

      Responsible for all non-US St Paul Operations and IT. Part of an executive board set up to grow the company on a global basis. · Implemented common applications globally, which was fully auditable both at a local and corporate level. $1b of additional revenues were achieved by the company over a seven year period and all of this data was processed through secure corporate systems. · Designed and implemented an E-environment which achieved $50m of profitable (sustainable) business. This system not only allowed for a full B2B and B2C capability but also enabled all investments into existing service delivery infrastructure to be maximised. This was nominated for an Industry award. · Developed and implemented a Management Information System which enabled management to introduce processes that facilitated decisive management action to be taken on pricing, reserving and expense control. Show less

Education

  • London School of Computers & Electronics
    Computer Technology
    1984 - 1985

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