Edward RICHARDSON III
Chicago
Summary
Financial service professional with 6+ years of reinsurance brokering, account management, and construction insurance procurement experience. Extensive experience working with high-level executives and decision-makers at commercial insurance clients, carriers, and reinsurance providers. Skilled networker and clear communicator with proven ability as an intermediary in financial transactions, deal negotiations, and placements. Passion for connecting with colleagues and building corporate diversity.
Overview
8
8
years of professional experience
Work History
Analyst, Insurance
Invenergy LLC
01.2023 - Current
- Supports processing of insurance cost allocation and payments
- Supports insurance activities related to the underwriting of new entities, assets, mergers and acquisitions, and new construction projects
- Supports financing and refinancing in the US and international projects
- Coordinates and assists with lenders and counterparty insurance certificates, broker letters, and officer certificates
- Maintain accurate records of lender waivers
- Assists with the preparation of monthly, quarterly, and annual risk reports for various committees and boards
- Assist in preparing loss analyses and identifying opportunities to reduce Invenergy's total costs of risk
- Support the preparation of annual insurance budgets
- Supports Invenergy's projects coordinating insurance efforts from development through operational phases of all analyzing and evaluating insurable risks and potential risks mitigants
- Manage the administration of insurance contracts and support Invenergy's insurance team in negotiations with insurance brokers, insurance companies, and project contractors (including EPC/BOP and modules/turbine suppliers) on insurance coverage and conditions
- Manages the administration of insurance contracts and supports Invenergy's insurance team in negotiations with insurance brokers, insurance companies, and project contractors (including) concerning any insurance matters
- Maintains accurate records of project pipeline, insurance policies, and project-related documentation
- Review insurance policies and endorsements for accuracy and completeness
- Ensure that any required policy changes are completed promptly and documented accordingly
- Supports processing of insurance cost allocation and payments
- Co-leads the Black & Brown Business Resource Group's engagement committee, planning quarterly meetings, and group outings
Wholesale Business Development Associate
Ryan Specialty Group LLC
11.2024 - 03.2025
- Assisted in developing marketing materials that showcased our products and services effectively, attracting new clientele.
- Assisted in business development activities with wholesale insurance brokers.
- Assisted with both internal and external event planning.
- Developing new and fostering existing relationships with wholesale insurance producers to develop submission and quote activity.
- Analyzed market trends to evaluate, develop and implement strategic plans to meet and exceed organizational goals.
- Worked in unison with our RSUM team leaders in developing new and enhancing existing wholesale broker relationships.
- Assisted wholesale brokers with connecting to the proper RT / RSG divisions based on customer needs.
- Assisted with / handle customer complaints and solve customer problems accordingly.
Account Representative
Aon
03.2019 - 11.2022
- Utilized Microsoft Office tools to cleanse client data and prepare formal reinsurance submission materials
- Applied project management techniques to oversee reinsurance placement activities and manage post-placement documentation
- Worked in collaboration with various internal support teams, including catastrophe modeling, actuarial, and contract wording, to finalize client placements
- Leveraged strong communication skills to foster and sustain relationships with clients, effectively addressing their needs and concerns
- Engaged in reinsurer meetings, discussions, and negotiations concerning client reinsurance programs and placements
- Worked with the team to devise and execute strategic reinsurance solutions that provide clients with optimal protection
- Contributed to the placement of over $20 billion in the mortgage reinsurance market
- Served a varied clientele, including Regional Farm Bureaus, Hospital Networks, and Government Sponsored Enterprises
- Facilitated reinsurance placements across multiple lines of business, including workers' comp, property per risk, natural catastrophe, casualty, and marine cargo
- Assisted in reinsurance placements for managed underwriting authorities (MGUs), large regional insurers, and government-sponsored enterprises (GSEs)
Reinsurance Broking Specialist
Aon
12.2018 - 03.2019
- Played a key role as a Reinsurance Broking Specialist at Aon, contributing to the development and placement of reinsurance programs to manage risk effectively
- Conducted thorough research and analysis to assess reinsurance needs and provide tailored solutions to clients
- Utilized strong negotiation and communication skills to interact with underwriters and secure favorable terms for clients
- Collaborated with the team to ensure seamless execution of reinsurance strategies and optimize client outcomes
Reinsurance Apprentice
Aon
01.2017 - 12.2018
- During my tenure as a Reinsurance Apprentice at Aon, I gained valuable insights into the reinsurance industry and assisted in various aspects of reinsurance brokering and client service
- Acquired in-depth knowledge of reinsurance principles, processes, and market dynamics through hands-on experience and mentorship
- Supported the team in analyzing reinsurance contracts, conducting market research, and preparing client presentations
- Contributed to the development of innovative reinsurance solutions and gained proficiency in utilizing Microsoft Office tools for data analysis and reporting
- Passed Fundamentals of Reinsurance 101 and 1012, Aon's 5-week immersive reinsurance training
Education
Associate of Arts and Sciences (A.A.S.) -
Harold Washington College
12.2018
Skills
- Customer Service
- Leadership
- Communication Skills
- Analytical Thinking Skills
- Microsoft Office
- Risk Management
- Reinsurance Programs
- Client Relationship
- Project Management
- Market Research
- Data Analysis
Timeline
Wholesale Business Development Associate
Ryan Specialty Group LLC
11.2024 - 03.2025
Analyst, Insurance
Invenergy LLC
01.2023 - Current
Account Representative
Aon
03.2019 - 11.2022
Reinsurance Broking Specialist
Aon
12.2018 - 03.2019
Reinsurance Apprentice
Aon
01.2017 - 12.2018
Associate of Arts and Sciences (A.A.S.) -
Harold Washington College
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