Steven Schienvar
Managing Director at Risk Settlements- Claim this Profile
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Bio
Experience
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Risk Settlements
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United States
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Insurance
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1 - 100 Employee
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Managing Director
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Feb 2015 - Present
Responsible for the development and promotion Risk Settlements and its innovative solution: Class Action Settlement Insurance (CASI) – the only insurance product that provides coverage for existing class action litigation and settlement risk. Risk Settlements is a risk mitigation consultancy focused on reducing the uncertainty and financial impact of class action litigation and settlement for defendant companies. Through leveraging its industry-leading database, proprietary algorithms… Show more Responsible for the development and promotion Risk Settlements and its innovative solution: Class Action Settlement Insurance (CASI) – the only insurance product that provides coverage for existing class action litigation and settlement risk. Risk Settlements is a risk mitigation consultancy focused on reducing the uncertainty and financial impact of class action litigation and settlement for defendant companies. Through leveraging its industry-leading database, proprietary algorithms and unique approach to settlement design, Risk Settlements helps companies save millions of dollars on intractable class action liabilities through custom tailored risk transfer programs. Show less Responsible for the development and promotion Risk Settlements and its innovative solution: Class Action Settlement Insurance (CASI) – the only insurance product that provides coverage for existing class action litigation and settlement risk. Risk Settlements is a risk mitigation consultancy focused on reducing the uncertainty and financial impact of class action litigation and settlement for defendant companies. Through leveraging its industry-leading database, proprietary algorithms… Show more Responsible for the development and promotion Risk Settlements and its innovative solution: Class Action Settlement Insurance (CASI) – the only insurance product that provides coverage for existing class action litigation and settlement risk. Risk Settlements is a risk mitigation consultancy focused on reducing the uncertainty and financial impact of class action litigation and settlement for defendant companies. Through leveraging its industry-leading database, proprietary algorithms and unique approach to settlement design, Risk Settlements helps companies save millions of dollars on intractable class action liabilities through custom tailored risk transfer programs. Show less
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AIG
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United States
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Insurance
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700 & Above Employee
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President, AIG Re
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Sep 2011 - Jan 2015
Led AIG's assumed treaty reinsurance business globally. Re-underwrote the portfolio, changed the product mix, expanded into new lines of business, developed an innovative insurance product, instituted risk management controls, increased and trained underwriting staff and hired an actuarial and cat modeling team. Changes led to a doubling of the portfolio size to $350M and generated double-digit returns on capital.
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Chief Operating Officer - Global Risk Solutions
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Jan 2010 - Sep 2011
Assumed stewardship of all aspects underwriting, marketing, actuarial and operations globally for AIG's alternative solutions group.
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Chief Underwriting Officer - Risk Finance
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Jun 2005 - Jan 2010
Responsible for the underwriting and implementation of structured and non-traditional insurance programs as well as new product innovation. Developed solutions to enable corporate restructuring and created insurance products to facilitate securitized transactions.
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Vice President - Underwriting
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Nov 1999 - Jun 2005
Designed, marketed and underwrote custom insurance solutions for businesses with complex liabilities.
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Clarendon Insurance
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Greater New York City Area
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Program Manager
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Nov 1999 - Jul 2001
Assessed, developed and managed a wide-ranging portfolio of program business with annual turnover in excess of $100M. Assessed, developed and managed a wide-ranging portfolio of program business with annual turnover in excess of $100M.
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Reliance Insurance
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Insurance
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200 - 300 Employee
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Assistant Vice President
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Dec 1989 - Nov 1999
Provided actuarial analysis for a wide range of insurance products including, construction, financial lines and environmental liabilities. Provided actuarial analysis for a wide range of insurance products including, construction, financial lines and environmental liabilities.
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ISO
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United States
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Insurance
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700 & Above Employee
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Sr Actuarial Analyst
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1987 - 1990
Developed computer models and algorithms to facilitate insurance rate-making. Developed computer models and algorithms to facilitate insurance rate-making.
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Education
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Stevens Institute of Technology
BS, Physics