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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

    • United States
    • Insurance
    • 1 - 100 Employee
    • Senior Vice President, Excess Casualty
      • Dec 2022 - Present
    • United States
    • Insurance
    • 700 & Above Employee
    • Senior Vice President - MGA Programs
      • 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

    • United States
    • Insurance
    • 1 - 100 Employee
    • Head of Insurance Programs - PA/MGA Client Group
      • 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

    • Chief Underwriting Officer - Casualty Programs
      • Mar 2002 - Feb 2008

Education

  • New York University
    Bachelor of Science - BS, Finance

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