Donald Arnstein
West Nyack
Summary
Senior director specializing in aviation risk management and airline insurance regulatory compliance. Demonstrated success in managing multimillion-dollar insurance portfolio and negotiating advantageous insurance terms to ensure effective prudent protection while controlling insurance cost. Strong leadership abilities complemented by excellent communication skills.
Overview
41
41
years of professional experience
Work History
Senior Director, Risk Management
Atlas Air, Inc.
White Plains
09.2004 - 01.2025
- Oversaw property & casualty insurance coverages protecting assets and interests of 100+ wide-body cargo airline operating globally, consisting of aviation hull/liability/war risk, cyber, workers' comp, D&O, employment liability, fiduciary, and auto policies.
- Budgeted and controllled $25+ mil spend on insurance portfolio.
- Selected and evaluated insurance broker performance; negotiated broker fees and insurance premiums, policy wordings, limits and deductibles.
- Advised internal legal and operating depts. on risk and insurance matters.
- Directed settlement of insurance claims realizing full insurance benefit.
- Ensured insurance compliance with worldwide aviation regulations and company policies.
Insurance Consultant
Self-employed
West Nyack
05.1994 - 08.2004
- Analyzed client needs to recommend appropriate insurance solutions.
- Advised clients on insurance policy options and coverage details.
- Analyzed clients' financial positions, liabilities and assets to determine appropriate coverage levels.
Insurance Specialist
Aon Risk Services
New York
07.1989 - 04.1994
- Analyzed coverage options and recommended suitable policies to clients.
- Collaborated with underwriters to assess risk factors in applications.
- Supported team in conducting market research for insurance products.
Assistant Treasurer & Risk Manager
Trans World Airlines
Mount Kisco
04.1984 - 06.1989
- Managed cash flow and liquidity for airline operations and financial stability.
- Analyzed and monitored company investments, bank accounts, and debt levels.
- Placed insurance coverages, settled claims and ensured coverage compliant with corporate policy and regulatory authorities.
Education
MBA - Production Systems Management
Columbia University Graduate School of Business
New York, NY01-1968
Bachelor of Science - Engineering
University of Wisconsin, Madison
Madison, WI06-1966
Skills
- Risk management and regulatory compliance
- Insurance negotiation and claims settlement
- Team leadership
- Decision making
- Administrative oversight
- Effective communication
- Analytical problem solving
- Strategic planning
Timeline
Senior Director, Risk Management
Atlas Air, Inc.
09.2004 - 01.2025
Insurance Consultant
Self-employed
05.1994 - 08.2004
Insurance Specialist
Aon Risk Services
07.1989 - 04.1994
Assistant Treasurer & Risk Manager
Trans World Airlines
04.1984 - 06.1989
MBA - Production Systems Management
Columbia University Graduate School of Business
Bachelor of Science - Engineering
University of Wisconsin, Madison
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