Overview
Work History
Timeline

Greg Truex

Dallas,TX

Overview

15
15
years of professional experience

Work History

Director of Insurance & Risk Management

RumbleOn, Inc.
01.2022 - 01.2024
  • Enhanced advisory role to the CFO and C-suite, formulating comprehensive risk management strategies that aligned with corporate financial goals and operational needs
  • Worked closely with Legal to craft required risk transfer agreements / waivers specifying Assumption of Risk, Hold Harmless, and Indemnification
  • Assessed contractual risks, leases, vendors and etc
  • Reviewed insurance requirements and oversaw insurance certificates
  • Spearheaded cross-departmental coordination with HR, Legal, and Retail Management, ensuring seamless integration of tailored insurance protection and risk mitigation solutions
  • Developed risk management processes to align with the company's financial goals and shared values
  • Trained two individuals with limited knowledge of risk and insurance, developing them into key contributors within the Insurance & Risk Management team
  • Responsible for budget prep, “Total Cost of Risk” and procuring all insurance coverage
  • Selected brokers and service providers, hiring for key insurance roles, and provided underwriting data
  • Enhanced the Company’s position in the Insurance Marketplace by demonstrating best in class risk management practices, validated by improved claim experience
  • Refined and executed comprehensive safety controls, protocols, and a formal driver training and recertification program
  • Employee injury claims averaged under $10K per location, marking a pivotal step towards accident-free routes
  • Contributed to the development of a Motor Vehicle Handbook, significantly reducing accident frequency and litigation costs
  • Developed required acceptability guidelines and criteria for employee approval to operate a motor vehicle, created a training video, and established a formal driver schedule, maintained and updated thrice-annual MVR reviews
  • The WC rates and TCOR based upon operational payrolls, decreased in policy periods 2023 and 2024
  • The claim trends for the Commercial General Liability, and Auto liability, significantly reduced from Jan, 2022 through June, 2024
  • Restructured and negotiated improved coverage, terms and pricing for all commercial insurance inclusive of executive management lines of coverage
  • This generated approximately $2.2M savings over prior year
  • Interviewed and hired new brokers for all commercial insurance and employee benefits insurance, strategically working with them to achieve enhanced financial outcomes and coverage efficiency
  • Formulated defense strategies with strong documentation processes for third party liability damages to prepare for potential lawsuits, mitigate liabilities and litigation costs
  • Directed the adoption of self-funded medical insurance, decreasing the actual end-of-plan year costs approximately $2.5M and setting precedent for future years.

Risk Management Specialist

TrueNorth, Companies
01.2016 - 01.2022
  • Provided businesses with customized solutions for both commercial insurance and risk management
  • Directed a team approach to design and delivering holistic insurance programs, aligning risk tolerances with suitable insurance and risk financing solutions
  • Established and maintained key relationships with insurance company executives, underwriters, and third-party service providers to support client objectives
  • Expanded the business and brand presence of a Iowa domiciled company in the Texas and Southwest region
  • Developed and placed commercial insurance and risk services by conducting formal risk assessments and implementing appropriate prevention and mitigation strategies
  • Delivered superior client value by integrating risk management practices, financing risk, and optimizing claims processes without additional charges for comprehensive packages.

Area Vice President

Arthur J. Gallagher & Co.
01.2009 - 01.2016
  • Integrated services as a hybrid company/independent agent, providing commercial insurance solutions and fortifying key client relationships
  • Led strategic initiatives, coordinating with loss control, underwriters, and various teams to deliver superior client service and claims support
  • Managed a book of business generating approximately $900K in revenue during the transition from Wausau to Gallagher via an M&A transaction
  • Partnered with Harley-Davidson Financial Services to develop and maintain the “H-D Dealership Protection Program”, which provided authorized dealerships customized loss control, claims management, and insurance coverage solutions
  • Implemented a platform that elevated protection and reduced risk costs for Harley-Davidson dealerships nationwide, enhancing operational security
  • Recognized in 2011 for maintaining client relationships and achieving revenue thresholds despite the challenging transition period.

Senior Account Executive

Wausau Ins. Co., Wausau Signature Agency
  • Achieved high client satisfaction, evidenced by a client retention rate exceeding 10 years
  • Earned multiple accolades and awards for exceptional client satisfaction, growth, and retention.

Timeline

Director of Insurance & Risk Management - RumbleOn, Inc.
01.2022 - 01.2024
Risk Management Specialist - TrueNorth, Companies
01.2016 - 01.2022
Area Vice President - Arthur J. Gallagher & Co.
01.2009 - 01.2016
Senior Account Executive - Wausau Ins. Co., Wausau Signature Agency

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Greg Truex