Steven Sumner Email & Phone Number

United States

SWS Consulting provides insurance consulting services to the insurance industry. Consulting services include: * Enterprise Risk Management (ERM) * ORSA * Risk and capital management * Risk appetite and risk tolerances * Operational efficiencies * Expert witness * Underwriting

New York City Metropolitan Area

* Provided advisory services to Guy Carpenter's clients. These services included: * ORSA * Risk and capital management * Underwriting * Risk appetite and risk tolerances * Enterprise Risk Management (ERM) * Formulation of risk appetite and risk tolerance statements * Corporate governance and compliance * Risk optimization

Princeton, Nj

* Provide advidsory and technical support to clients requiring assistance in the implementation of NAIC ORSA including gap analysis, implementation, planning etc.* Strategic consulting including business planning and distribution strategies.* Facilitates the implementation of enterprise risk management on both the qualitative and quantitative side leveraging Guy Carpenter's economic capital model BenchmaRQ and MetaRisk.* Assists in improving underwriting and claims handling processes and controls.* Solvency II, Bermuda CISSA and US regulatory compliance assistance

New York, Ny

 Provided technical and operational expertise in underwriting, claims, regulatory compliance, Solvency II (‘SII’), Enterprise Risk Management (‘ERM’), Own Risk and Solvency Assessment (‘ORSA’), predictive modeling, forensic accounting and financial reporting. Made significant contributions to FTI’s revenue and brand recognition with new and existing corporate insurance clients while improving on its already strong reputation with its existing law firm client base.  Developed improved underwriting platforms for property and casualty insurance companies enabling stronger risk selection and risk pricing. Provided expert testimony in matters related to insurance including complex coverage, pricing and distribution initiatives.

Hamilton, Bermuda

 Responsibility for risk, strategy and capital management to the Group and board(s) for this $700 million revenue producing company. Acted as advisor to the board(s), operating executives, audit and risk committees and risk management forums.  Strategic responsibilities included the setting and defining of the Group’s risk appetite/tolerances and the implementation of an effective risk monitoring, controls and reporting framework for LHL, Lancashire U.K. (‘LUK’) and Lancashire Insurance Company Limited (‘LICL’).  Operational responsibilities included the oversight and monitoring of the Group’s aggregate risks across all business units while assuring compliance with its board approved risk tolerances. Governance/Regulatory responsibilities included leading and participating in LUK’s Internal Capital Assessment (‘ICA’) activities in front of the Financial Services Authority (‘FSA’), and LICL’s regulatory review in front of the Bermuda Monetary Authority (’BMA’) while serving as the owner of LUK’s Solvency II initiative.  Contributed to the attainment of higher financial ratings achieving A (excellent) from AM Best and A- from S&P Key contributor in the development and enhancements to the group’s internal economic capital model

New York, Ny

 Practice leader in the strategic management and insurance consulting operations practice at PwC.  Assisted clients in strengthening their company’s balance sheet through improvements in their overall operating performance leveraging acknowledged strategic strengths and recommendations to eliminate or shift capital away from non-core or unprofitable business segments.  Contributed to the significant and rapid expansion of PWC’s global insurance advisory practice that started with a core group of less than 10 in 2004 and grew to several hundred by 2008.  Facilitated the implementation of ERM and risk management processes and methodologies for numerous corporate clients and several start-up insurance companies from the class of 2005.  Supported clients in the development, validation and assessment of their automated underwriting platforms and their predictive models and tools.  Provided alternative risk management solutions and captive management strategies to PwC’s clients.  Subject Matter Expert ("SME") in Sarbanes-Oxley as it applies to the insurance industry.

New York, Ny

 Was the ranking officer for a $200 + million, 150 + person commercial lines regional office with a customer base of 90 key agents and brokers. Responsibilities included underwriting, claims, operations, loss control..  Chairman, New York Board of Fire Underwriters Director, U.S. Fire and Crum & Forster Indemnity Insurance Companies

New York, Ny

 Part of a senior management team responsible for reviewing, implementing, developing and acquiring systems for AIG’s multi-billion dollar Domestic Brokerage Group.

Various

Continental Insurance Companies Chicago, ILVice President & Commercial Lines Underwriting Officer-Great Lakes Region  Second ranking officer responsible for underwriting for this $200 million, 400 hundred person regional office that was the Group’s top performing operation. Territorial Officer (commercial & personal lines) -Northeast Region  Created, staffed and directed the sales, marketing and underwriting activities of two newly created offices in the Capital District and 2 other production and underwriting offices in Glens Falls, NY and Vermont. Vice President Planning and Control-Agency & Brokerage Group  Primarily responsible for the financial, accounting and strategic planning activities of a $2.3 billion revenue, 6,700 person group with $150 million in controllable expenses.Assistant Vice President & Director of Financial Reporting (GAAP & Statutory) Managed the financial reporting requirements of the corporation for both internal and external users (Management Information, 10K, Annual Report etc.). Provided monthly and quarterly analysis of corporate, statutory and GAAP underwriting results. Commercial Casualty Underwriter  Evaluated individual risks for a $3.5 million book. Underwrote new and renewal business in worker’s compensation, general liability, umbrella and commercial automobile lines of business.