BRENTLEY J. RADELOFF
St. Petersburg,FL
Summary
Officer level Insurance professional looking to broaden scope of responsibilities with top property casualty insurance carrier. Proven success solving difficult business problems, executing initiatives, and innovating through leadership of direct reports and collaboration with cross-functional teams. Thoughtful in using data and analytics to make fact-based decisions that provide solutions to serve the needs of key external constituents including customers, shareholders, regulators, agents, and affinity group teams to gain win-win outcomes respectfully and with integrity.
Overview
21
21
years of professional experience
Work History
Executive Vice President, Product, Pricing, and Underwriting
AMERICAN INTEGRITY INSURANCE COMPANY
06.2017 - Current
- Company grew to $670M in direct written premium and surplus grew to over $114M while making an underwriting profit of $17M
- In seven years at the company, we’ve more than doubles premium, increased surplus by 50%, and generated net income in every year but one during a time when fraudulent claims practices increased loss costs and drove a dozen of our competitors out of business
- I am proud to lead the product and pricing teams who have filed with regulators and implemented in our system innovative forms (binding arbitration and anti-concurrent causation language) to combat fraudulent claims filing behaviors and promulgated adequate rate levels and segmented products to achieve profitable growth
- I am also privileged to lead underwriting and client services teams that offer solutions to our agents’ and customers’ needs every day.
Assistant Vice President, Product Management, Personal Lines
THE HARTFORD
08.2011 - 04.2017
- Led product managers and their teams in executing rate changes and non-rate underwriting initiatives for 16 states with $1.3B in premium for both Auto and Home lines in Agency and AARP Direct channels
- The teams that included 10-20 product managers implemented a new Auto product across the region while increasing rates in response to trend pressure as well as ISO Fireline in 9 states in region to reduce Property risk with the wildfire peril
- Addressed California profitability issues in both Auto and Home through multiple rate changes per year by working effectively with regulators and AARP's management team.
Vice President, Product Management, Personal Lines
TRAVELERS
06.2006 - 07.2011
- Improved profitability through rate changes and underwriting initiatives for $350M in premium managing a team of 6 and financial planning and expense group managing a team of 5.
Vice President, Senior Product Manager
GMAC INSURANCE
05.2003 - 05.2006
- Exceeded growth projections at target profitability for 25 states for private passenger auto direct programs (8% growth rate and a combined ratio of 94%)
- The role included developing product managers by implementing rate and segmentation changes and working closely with account managers of affinity group partners.
Education
MBA -
KELLOGG GRADUATE SCHOOL OF MANAGEMENT
Evanston, ILBACHELOR OF ARTS - ECONOMICS
NORTHWESTERN UNIVERSITY
Evanston, ILSkills
- Cognitive ability - connect strategic vision to tactics
- Analytical skills - use facts to act quickly to address business results
- Accountable for own and team results
- Change Management
- Collaboration and Teamwork
- Effective Communication
- New Product Development and implementation
- Completed Exams 1-6 of CAS
Accomplishments
- Launched new homeowners products for state expansion into South Carolina and Georgia at American Integrity.
- Built by peril rating structure for Florida homeowners product at American Integrity.
- Led P&L efforts for profitable growth at American Integrity through 2 crises – Florida property insurance meltdown and Coronavirus pandemic.
- Teams piloted lean management practices during change management initiative at The Hartford to create centralized unit to perform pricing function.
- Improved New York agency auto results at The Hartford from a combined ratio of 120% to under 100% in 2 years.
- Identified and corrected a premium trend issue from an unverified rating variable for the Travelers of Massachusetts auto program that enabled it to return to profitability.
- Led a cross-functional team at Travelers to complete the build of the policyholder dislocation tool called Disruption and integrate it into Travelers IT infrastructure.
- Developed and implemented a new auto product at GMAC Insurance's affinity division in 37 states in two years to achieve profitable growth.
Hobbies and Interests
Golf, Travel, and Property Renovation
Timeline
Executive Vice President, Product, Pricing, and Underwriting
AMERICAN INTEGRITY INSURANCE COMPANY
06.2017 - Current
Assistant Vice President, Product Management, Personal Lines
THE HARTFORD
08.2011 - 04.2017
Vice President, Product Management, Personal Lines
TRAVELERS
06.2006 - 07.2011
Vice President, Senior Product Manager
GMAC INSURANCE
05.2003 - 05.2006
MBA -
KELLOGG GRADUATE SCHOOL OF MANAGEMENT
BACHELOR OF ARTS - ECONOMICS
NORTHWESTERN UNIVERSITY
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