David P. Lucey
Roswell
Summary
Seasoned insurance executive with more than 25 years of significant accomplishments across all market cycles. Deep experience in successfully building ground up divisions encompassing rate formulation, distribution networks/marketing, form development, quote system design and all related services involved with building division from ground up.
Overview
31
31
years of professional experience
1
1
Certification
Work History
Senior Vice President
Riverton Insurance Agency Corp.
01.2025 - Current
- Manage $30M program for Real Estate E&O and Architects and Engineers
- Complete P&L management and hiring/training responsibility of new and current staff
Broker
ARC Excess & Surplus
01.2023 - 01.2025
- Lead E&O/Professional Liability Broker for $5m revenue brokerage office.
- Co-authored two amendatory endorsements with Cyber markets that were specific to our office and allowed us to offer much broader coverage to our clients than they could get with our competition.
- Wrote one $75,000 revenue Cyber account with tower of 4 separate layers.
- Have 95% renewal retention on own renewal book of business.
Senior Vice President
The McGowan Companies
01.2021 - 01.2023
- Head of Operations for $22M book of Accountants Professional Liability program
- Developed numerous efficiencies/improvements in operations, guidelines to improve infrastructure of business to set up to grow in scale over next year and in future.
- Helped to secure Excess capacity for Accountants Program.
- Helped to build out and secured capacity for Cyber Liability platform to use for their insureds (wrote $1m in new business premium first year with $5m projection in 3 years).
Vice President, Professional Lines Underwriting Manager
Atain Insurance Companies (H.W. Kaufman Group, affiliated with Burns & Wilcox)
01.2019 - 01.2021
- Take over management of existing $5m book of Professional Liability business.
- Helped secure Cyber facility with prominent London market.
- Re-shaped underwriting strategy/focus to improve profitability
- Complete P&L management and hiring/training responsibility of new and current staff
Senior Vice President, Miscellaneous, Technology, Cyber Liability and Allied Health Underwriting Manager
Pioneer Underwriters
01.2016 - 01.2019
- Grew book to $5m in written premium with limited distribution
- Was one of most profitable books of business consistently exceeding profitability targets
- Started new underwriting facility for Miscellaneous, Technology and Cyber Liability products.
- Developed business plan for facility and obtained backing for facility from London markets.
- Developed policy wording, rates, business plan, pricing and overall underwriting strategy for division.
- Assumed control of distressed Allied Health book of business. Made underwriting changes to turn around performance of book to profitability.
- Complete P&L management and hiring/training responsibility of new and current staff
Consultant
Quaker Special Risk Insurance Services
01.2016 - 01.2016
- Hired as Consultant on 4 month term consulting agreement to establish MGU platform for numerous E&O lines of business with London markets as well as improve policy form and rates for Construction Managers Professional Liability/General Liability program with ProSight.
- Company received binding authority agreement from Hiscox London as well as BRIT for numerous E&O lines of business.
Commercial Risk Services, Vice President – E&O Underwriting
ACE Group
01.2014 - 01.2016
- Manage $40M book of primary and excess Miscellaneous, Technology and Cyber E&O business.
- Responsible for marketing, underwriting guidelines, rating, production and profitability for division.
- Manage group of ten underwriters in two locations (Malvern, PA and Alpharetta, GA).
- Achieved 22% top line growth in first year of managing book while maintaining profitability and distinction as one of top divisions in the company.
- Complete P&L management and responsibility and hiring/training of new and current staff
Vice President, Professional Liability Product Line Underwriting Manager
Vela Insurance Services (a W.R. Berkley Company)
01.2007 - 01.2014
- Started Professional Liability Division and opened PA office for Managing General Underwriter based in Chicago that solely wrote Casualty business prior to my arrival.
- Responsible for marketing, underwriting guidelines, rating, production and profitability for division.
- Managed group of eight individuals, including one underwriter in New Jersey and one in San Francisco office and two underwriting assistants.
- Achieved 28% top line growth in 2012 and 23% in 2011 while maintaining ultimate loss ratio below 55%.
- $20M book of Professional Liability business composed of over 100 Miscellaneous Professional Liability classes in addition to numerous Technology classes of business.
- Complete P&L management and hiring/training of new and current staff.
Vice President, Professional Liability Division Underwriting Manager
Professional Indemnity Agency, Inc. of NY (a subsidiary of HCC Insurance Holdings, Inc.)
01.2004 - 01.2007
- Managed $65M book of non-traditional Professional Liability/E&O business.
- Responsible for own book of business which was $22M.
- Division was one of most profitable in Company under my leadership.
- Managed group of ten underwriters.
- Underwrote Architects and Engineers E&O product line.
- Complete P&L management and hiring/training of new and current staff.
Second Vice President, Miscellaneous and Technology Professional Liability Division Underwriting Manager
United States Liability Insurance Group (A Berkshire Hathaway Company)
01.1997 - 01.2004
- Started Miscellaneous and Technology Professional Liability division for Company in May 1997.
- Responsible for marketing, underwriting guidelines, rating, state filings, production and profitability for division.
- Top underwriter in production for division 1997-2003.
- Speaker at numerous continuing education seminars on Professional Liability topics.
- Division wrote $20M in 2003 and was one of the most profitable divisions in company.
- Managed group of five underwriters and two underwriting assistants.
- Underwrote Non-Profit Directors and Officers Liability and Employment Practices Liability product lines.
- Complete P&L management and hiring/training of new and current staff.
Professional Liability Underwriter
Philadelphia Insurance Companies
01.1995 - 01.1997
- Specializing in Miscellaneous Professional Liability but also underwriting Non-Profit and For-Profit Directors and Officers Liability as well as Employment Practices Liability.
- Sole underwriter and administrator for book of program business for AMHCA (American Mental Health Counselors Association).
- Wrote $5M in premium for first full year of program.
- Region of responsibility consistently at the top of premium written and profitability for Professional Liability division.
Education
Registered Professional Liability Underwriter (RPLU) Designation -
01-2001
B.S. - Economics
Pennsylvania State University
01-1994
Skills
- Skilled in strategic planning
- Policy development
- Process optimization
- KPI monitoring and reporting
Accomplishments
- Supervised team of 15 staff members.
- Collaborated with team of 15 in the development of numerous Product Lines.
- Documented and resolved workflow impediments which led to budget goals being exceeded on numerous occassions.
Affiliations
Professional Liability Underwriting Society (PLUS)
Certification
Property & Casualty Agent, 3702165, 2027-12-31, Georgia
Timeline
Senior Vice President
Riverton Insurance Agency Corp.
01.2025 - Current
Broker
ARC Excess & Surplus
01.2023 - 01.2025
Senior Vice President
The McGowan Companies
01.2021 - 01.2023
Vice President, Professional Lines Underwriting Manager
Atain Insurance Companies (H.W. Kaufman Group, affiliated with Burns & Wilcox)
01.2019 - 01.2021
Senior Vice President, Miscellaneous, Technology, Cyber Liability and Allied Health Underwriting Manager
Pioneer Underwriters
01.2016 - 01.2019
Consultant
Quaker Special Risk Insurance Services
01.2016 - 01.2016
Commercial Risk Services, Vice President – E&O Underwriting
ACE Group
01.2014 - 01.2016
Vice President, Professional Liability Product Line Underwriting Manager
Vela Insurance Services (a W.R. Berkley Company)
01.2007 - 01.2014
Vice President, Professional Liability Division Underwriting Manager
Professional Indemnity Agency, Inc. of NY (a subsidiary of HCC Insurance Holdings, Inc.)
01.2004 - 01.2007
Second Vice President, Miscellaneous and Technology Professional Liability Division Underwriting Manager
United States Liability Insurance Group (A Berkshire Hathaway Company)
01.1997 - 01.2004
Professional Liability Underwriter
Philadelphia Insurance Companies
01.1995 - 01.1997
B.S. - Economics
Pennsylvania State University
Registered Professional Liability Underwriter (RPLU) Designation -
Designation
RPLU