Steven Assennata
Senior Vice President, Excess Casualty at Old Republic Specialty Insurance Underwriters- Claim this Profile
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Bio
William (Bill) Teed
Steve is extremely knowledgeable about Programs and all lines of business. He is a pleasure to work with and I would strongly recommend him for multiple roles in insurance business.
William (Bill) Teed
Steve is extremely knowledgeable about Programs and all lines of business. He is a pleasure to work with and I would strongly recommend him for multiple roles in insurance business.
William (Bill) Teed
Steve is extremely knowledgeable about Programs and all lines of business. He is a pleasure to work with and I would strongly recommend him for multiple roles in insurance business.
William (Bill) Teed
Steve is extremely knowledgeable about Programs and all lines of business. He is a pleasure to work with and I would strongly recommend him for multiple roles in insurance business.
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Experience
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Old Republic Specialty Insurance Underwriters
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United States
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Insurance
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1 - 100 Employee
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Senior Vice President, Excess Casualty
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Dec 2022 - Present
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IAT Insurance Group
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United States
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Insurance
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700 & Above Employee
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Senior Vice President - MGA Programs
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Oct 2019 - Oct 2022
In this senior leadership role, I lead and develop all strategic planning, implementation, and oversight of a $600 million book of business within the MGA programs business unit, achieving profitability targets through execution of innovative new business development initiatives. I also direct a team of underwriters overseeing their coaching, training, and development. To keep current of insurance marketplace conditions and trends, I continuously implement in-depth analyses which also enables me to continuously identify opportunities for process improvement, business intelligence implementation, resource optimization, and increased underwriting discipline. • I achieved an ultimate loss ratio in the low 50s on active program oversight. • Significantly improving underwriting results, I implemented new program monitoring, renewal, and new business processes. • I have been recognized for enhancing the company's visibility in the insurance programs marketplace. Show less
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Munich Re America
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United States
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Insurance
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1 - 100 Employee
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Head of Insurance Programs - PA/MGA Client Group
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Feb 2008 - Oct 2019
As the head of insurance programs, my responsibility was to drive the management of a $350 million book of primary insurance programs and alternative market reinsurance business within the MRSI programs division. In this role, I delivered the strategic planning and implementation of innovative programs, customized insurance solutions, and new business development initiatives that continuously met profitability targets. By weaving a customer-focused culture into the training programs, I developed top-performing teams. I also created unique cross- and up-selling strategies to facilitate business retention and new sales.• Credited for growing client group exponentially, I boosted gross written premiums from $60 million in 2008 to $350 million in 2019.• I achieved an ultimate loss ratio in the mid-50s on active programs managed. • I secured the largest insurance program in the company history valued at $200 million. Show less
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Chief Underwriting Officer - Casualty Programs
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Mar 2002 - Feb 2008
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Education
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New York University
Bachelor of Science - BS, Finance